- Popcat, the Artificial Intelligence Superintelligence Alliance, and SATS were the biggest winners last week.
- The coins that suffered the biggest losses last week were Helium, Toncoin, and Notecoin.
The recent events surrounding Telegram have had a significant impact on the performance of TON and NOT, making them some of the biggest losers in the cryptocurrency market.
In contrast, Popcat has emerged as a leader among memecoins with strong performance over the past week.
Biggest Winner
POPCAT
Popcat (POPCAT) daily price chart analysis shows that it has seen a significant surge over the past week, making it the biggest winner. According to data from CoinMarketCap, POPCAT has gained an impressive 77.43% this week.
Source: TradingView
According to price trend analysis, POPCAT started the week trading around $0.40, initially falling more than 7%. However, the trend quickly reversed and rose more than 7% the next day.
The most notable upticks occurred on Thursday, August 22nd and Friday, August 23rd, when prices surged 30.79% and 27.16%, respectively.
Over the weekend, POPCAT’s price rose another 1% to around $0.75.
This significant surge has shifted the overall trend to bullish, which is reflected in the Relative Strength Index (RSI) surge above 60, signaling strong bullish momentum.
At the time of writing, Popcat has a market cap of about $718 million. However, trading volume has fallen by more than 40%, currently sitting at about $91.3 million.
Federation of Artificial Superintelligence (FET)
The Federation of Artificial Superintelligence (FET) emerged as one of the best performers of the week, posting the second-largest gain.
Despite a slow start to the week, with prices around $0.8, FET experienced significant gains the following days. By the end of the week, prices had climbed to around $1.2, showing significant gains.
According to data from CoinMarketCap, FET has seen a 46.81% gain this week, fueled by this positive trend. This growth has also had a significant impact on its market cap.
At the beginning of the week, FET’s market cap was around $2.1 billion. However, it rose to around $3.1 billion over the weekend, and remains there as of this writing.
Despite the impressive price and market cap growth, FET’s trading volume has declined. Its current trading volume is around $213 million, down more than 20%.
ratio (1000 ratio)
According to data from CoinMarketCap, SATS (1000SATS) was the third-highest gainer this week, up 46.81%. Price trend analysis shows that SATS had a strong start to the week, trading around $0.00028.
The price rose steadily throughout the week, peaking with a significant spike on August 23. By the end of the week, SATS was trading around $0.0004.
This price surge has also had a significant impact on SATS’s market capitalization, which stands at around $826 million as of this writing. Despite the strong performance, trading volume has declined.
SATS’s current trading volume is down more than 20% to about $176 million.
The biggest loser
Helium (HNT)
Helium (HNT) had a big decline after two weeks of strength, falling 17.66% last week, the biggest decliner.
According to the analysis, HNT started at around $7.80 at the beginning of the week and fell to around $7.40 by the end of the first day. The downward trend continued throughout the week, eventually falling to around $6.50.
The decline has also had a noticeable impact on Helium’s market cap, which was around $1 billion at the start of the week, but has fallen by more than 6% as of this writing.
Additionally, HNT’s trading volume has also seen a significant decline, currently sitting at around $12.7 million, a drop of more than 30%.
Toncoin (TON)
Analysis of Toncoin (TON) on the daily chart shows a turbulent week, characterized by significant price volatility. The week started positively for TON, with a gain of almost 7%, reaching a price of around $6.8.
But this early uptrend reversed sharply over the weekend.
Source: TradingView
According to additional data from CoinMarketCap, the chart shows a decline of over 11% at the end of the week, with TON trading at around $5.90. This is the second-largest drop this week, with a total decline of over 14%.
This sharp decline coincided with news of the arrest of Telegram’s founder, which likely contributed to the negative sentiment and selling. As of this writing, the price of Toncoin continues to decline, down more than 9% to around $5.3.
Toncoin’s market cap was also significantly affected, dropping by around 17% to around $13 billion. Despite the price drop, trading volumes surged dramatically, increasing by over 600% to around $1.9 billion.
The surge in volume suggests increased trading activity driven by the news and the market reaction to it. Additionally, Toncoin’s Relative Strength Index (RSI) analysis shows that it is in a downtrend and has entered the sell-off zone.
Notecoin (NOT)
Notcoin (NOT), another cryptocurrency associated with Telegram, has been significantly impacted by the recent events surrounding Telegram. According to CoinMarketCap data, Notcoin has recorded the third-largest loss this week, down around 12.19%.
According to the price trend analysis of Notcoin, it was in an uptrend at the beginning of the week, trading at around $0.011. However, like Toncoin, Notcoin’s performance declined sharply later in the week.
On August 24, Notcoin fell by more than 8%, dropping its price to around $0.010. As of this writing, NOT has fallen by more than 12%, currently trading at around $0.009.
This price drop has also had a significant impact on Notcoin’s market capitalization, which has fallen by more than 20% in the last 24 hours, currently standing at around $937 million.
Despite the price drop, Notcoin’s trading volume has surged similarly to Toncoin, increasing by almost 150%. At the time of writing, the volume is over $600 million, indicating increased trading activity in response to recent news and market conditions.