- Pepe, Floki and Shiba Inu were the biggest gainers this week.
- Kaspa, Bitcoin Cash, and Bitget Token saw the biggest declines this week.
Once again, meme coins proved profitable with another week of significant gains.
However, while Bitcoin (BTC) continued to hit all-time highs, the fork did not achieve the same success.
Additionally, Bitget Token struggled to recover from last week’s losses, while Kaspa emerged as a notable loser.
biggest winner
pepe
Pepe (PEPE) has emerged as the king of meme coins and the top gainer of the week, according to CoinMarketCap. The asset has seen an impressive gain of nearly 123% over the past seven days.
A closer look at the price trend shows that the week started off strong with a 35.39% surge. The second surge occurred on March 8, recording a 32.31% increase.
Despite several days of declines, these setbacks could not overshadow the week’s overall gains.
Source: Trading View
At the time of writing, Pepe was trading about 2.6% higher, rebounding from a 2.7% decline late last week.
Additionally, PEPE’s market capitalization at the beginning of the week was approximately $3.2 billion, according to CoinMarketCap data. But by the end of the week, its market capitalization had soared to more than $3.7 billion.
Floki Inu
Floki Inu emerged as the second biggest winner of the week, boasting gains of over 80%, according to CoinMarketCap.
AMBCrypto’s analysis of FLOKI’s price trends shows that the week started on the rise, with the stock trading around $0.00014 on March 3.
Despite a simultaneous decline the following day, the breakthrough occurred on March 8 when the price surged 66.35%, reaching approximately $0.0002.
This surge is particularly noteworthy as it marks the first time in history that we have experienced such a significant increase.
At the time of this writing, Floki Inu was trading down less than 1% and had a market capitalization of nearly $2.3 billion.
shiba inu
Shiba Inu (SHIB) came in third as the biggest gainer of the week, boasting a gain of 62.50%, CoinMarketCap reports.
AMBCrypto’s analysis of SHIB shows that among the major meme coins this week, it has the highest market capitalization, exceeding $20.6 billion at the time of this writing.
A price analysis showed that Shiba Inus experienced an increase on only two days of the week.
But these gains were so great that they eclipsed the losses. In particular, SHIB soared 59.67% on March 4, and rose more than 11% on March 8.
biggest loser
when
Kaspa (KAS) suffered the biggest loss last week, down 10.45%, as reported by CoinMarketCap. Price analysis shows that the week started at around $0.15.
Its value has been falling for most of the week, falling as low as $0.14. By the end of the week, the price had stabilized at around $0.14.
The attached chart shows trading volume starting at around $63 million and increasing to over $100 million throughout the week.
Despite the increase in volume, the price decline suggests that sellers have primarily influenced the market. At the time of this writing, trading volume was around $88 million and the price was around $0.15.
bitcoin cash
Bitcoin has been enjoying a bullish trend in recent weeks, but Bitcoin Cash (BCH) only shares a name with BTC, not a trend.
Bitcoin Cash fell 9.41%, the second-highest loss of the week, according to CoinMarketCap.
According to AMBCrypto’s price trend analysis, the week started with a price decline of more than 6%, with BCH trading at around $471.
Source: Trading View
A further decline occurred on March 5, with a drop of more than 15%, taking the price to around $401.
There was an attempt at recovery the next day, but the weekend’s losses kept the price at around $433.
At the time of this writing, its market capitalization was $8.6 billion, with 24-hour trading volume of over $523 million.
BitGetToken
Bitget Token (BGB) is back in its second major decline of the week, according to CoinMarketCap data.
BGB fell nearly 8% last week, making it the third-largest decliner.
AMBCrypto’s price trend analysis shows that this week started around $0.92 and had a mixed trend throughout the week. However, by the weekend it had fallen to around $0.8.
Additionally, at the time of this writing, its market capitalization was approximately $1.2 billion, with 24-hour trading volume of $35 million.
conclusion
Here’s a weekly recap of who gained the most and who lost the most. It is important to keep in mind the volatile nature of the market, where prices can change quickly.
Therefore, it is best to do your own research (DYOR) before making any investment decisions.