Helium [HNT] Secures a Spot Among the Top Two Winners This Month, While Dogwifhat [WIF] Ends the Week as the Biggest Loser

Helium [HNT] has once again secured a spot among the top two winners for the second time this month, showcasing its strong performance.

Helium [HNT] and Aave [AAVE] emerged as the top gainers among the top 100 cryptocurrencies over the past week, showcasing their strong performance amid broader market volatility.

In contrast, dogwifhat [WIF] experienced the most significant loss, highlighting the market’s sensitivity to certain tokens.

Here’s a closer look at the biggest gainers and losers of the week:

Biggest gainers

Helium [HNT]

HNT had a remarkable week, securing a spot among the top two gainers for the second time this month.

According to data from CoinMarketCap, HNT saw an impressive 19.5% increase over the past seven days.

AMBCrypto’s analysis of Helium’s daily time frame trend showed that the week began with a significant 8% decline, bringing its price down from around $6.6 to $6.0.

However, Helium rebounded the following day with a substantial 14% increase, pushing its price to approximately $6.9.

Although the token experienced some fluctuations throughout the week, it ended on a high note with another 14% increase, closing the week at around $7.6.

Source: TradingView

Further analysis noted that HNT was in a strong bull trend at press time, with its Relative Strength Index (RSI) at around 70.

The trend also suggested that the asset was in the overbought territory.

This strong buying momentum has pushed Helium’s market capitalization to over $1.2 billion, with a trading volume exceeding $24.5 million as of this writing.

Aave[AAVE]

AAVE, among the losers the week before last, has made a significant comeback, ending this past week as the second-biggest gainer.

According to data from CoinMarketCap, AAVE gained nearly 18% over the past seven days.

AMBCrypto’s look at AAVE’s price trend revealed that it began the week trading at around $94.

The token experienced substantial upward momentum throughout the week, pushing its price to approximately $111 by the week’s end.

Notably, AAVE reached as high as $115 during the week before settling back to around $111.

As of this writing, AAVE’s market capitalization is over $1.6 billion, with a trading volume exceeding $131 million.

However, it’s worth noting that both market capitalization and volume have declined in the last 24 hours. This could indicate some profit-taking or a temporary cooling off after the strong rally.

Overall, AAVE’s impressive gains underscore its resilience and renewed investor interest following a challenging period.

Biggest losers

Dogwifhat [WIF]

WIF faced a challenging week, ending as the biggest loser with a decline of more than 23.8%, according to data from CoinMarketCap.

AMBCrypto’s analysis of WIF on a daily timeframe revealed that it experienced consistent declines throughout most of the past seven days.

The week began with a steep 10.25% drop, bringing its price down to approximately $1.62.

Although WIF saw a brief recovery the next day, with a 5% increase pushing its price to around $1.7, this uptrend was short-lived.

The token then entered a downward spiral, experiencing four consecutive days of decline. By the end of the week, WIF was trading at around $1.4, despite a minor 1.94% increase in the final session.

Source: TradingView

Further analysis of its Relative Strength Index (RSI) shows that WIF is below 40, indicating that it is in a bearish trend and the oversold zone.

This reflected strong selling pressure and a lack of buying momentum, contributing to its significant weekly loss.

As of this writing, dogwifhat’s market capitalization is around $1.4 billion, with a trading volume of over $226 million.

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