Every week, cryptocurrency focuses on TON, RNDR, BONK, and CORE - the biggest drivers of the market.
Last week, Toncoin, Render, and Akash Network outperformed other cryptocurrencies, with Toncoin leading the way. Despite a decrease in volume, the prices of these tokens have surged significantly.
Toncoin's price has steadily climbed throughout the week, starting at around $5.9 and reaching approximately $6.8. Despite a slight decrease in volume, Toncoin's market capitalization still exceeds $24 billion.
Render also performed well last week, with a rise of up to 20.80%. Despite some declines last week, the overall upward trend has made up for any losses. The current volume is about 210.5 million US dollars, and the market cap is about 4.2 billion US dollars.
Akash Network became the third largest gainer last week, with a rebound of up to 18.33%. Despite experiencing a slump last week, the token still rebounded and closed at around $5.7 last week.
Core, Bonk, and Pendle were the biggest losers last week, with Core experiencing a significant drop of 14.62%. The once popular memecoin Bonk faced negative performance, while Pendle suffered a value loss of 13.55%.
The price trend of Core has shown a challenging trajectory, with the token starting at around $1.9 last week and steadily declining. By the end of last week, its price had experienced a big dump to around $1.5.
BONK has experienced a negative pattern similar to descending stairs, indicating a significant fall. By last weekend, its price had fallen to around $0.000022, making it the second largest fall of last week.
Pendle experienced a downturn last week, with a value drop of 13.55% over the past week. Price trend analysis shows that the price started at around $5.0 last week, briefly surged to over $5.3 on May 6th. However, the price started to steadily decline and eventually stabilized around $4.3 over the weekend.
Although Toncoin, Render, and Akash Network have emerged as the biggest winners, Core, Bonk, and Pendle are the biggest losers. It is important to remember the volatility of the market, as prices can change rapidly. Therefore, conducting your own research before making any investment decisions is the best approach.
(Data source: Gideon Wolf)
