Last week in the crypto markets, two meme tokens emerged as the biggest gainers, dominating the winners’ table with substantial increases. Let’s dive deeper into the details.
The week started off on a negative note for ‘Bonk’ (BONK) as its cryptocurrency price analysis indicated a downturn, with trading hovering around $0.000020. However, the tides soon turned, and Bonk witnessed a significant uptrend throughout the week. It reached a high of $0.00029 during the April 25 trading session and closed the week trading at around $0.00025. CoinMarketCap data revealed that Bonk achieved the highest gain of the week, with an impressive rise of over 28.4%. As of now, it is trading at approximately $0.000027, and its market cap has surpassed $1.7 billion, experiencing a more than 10% increase in the last seven days.
Another meme token, Pepe (PEPE), also experienced a notable surge in value last week. According to data from 21milyon.com, it recorded the second-highest gain, with a remarkable growth rate of over 26.5%. The price movement analysis showcased a similar pattern to Bonk’s. It started the week on a less positive note, trading at approximately $0.0000059, but gained momentum as the week progressed, closing at around $0.0000070 by the weekend. Further analysis revealed that the price increase led to a market value surge of over 8%, reaching approximately $3.2 billion at the time of writing. Pepe continued to trade with an additional price increase, indicating that the positive momentum was still ongoing.
Moving on to Hedera (HBAR), it secured the third-highest gain of the week, with data indicating a nearly 19% increase. This price rise garnered attention due to the confusion surrounding its connection with Blackrock throughout the week. Analyzing the daily time frame chart, it was observed that HBAR started the week with a 3% increase, trading at around $0.089. However, on April 23, HBAR experienced a significant price surge of over 73%, reaching approximately $0.15, in response to news related to Blackrock tokenization. Nonetheless, the price experienced a rapid decline of over 20% on April 24, dropping to $0.12. By the weekend, the price had further fallen to $0.10.
Disclaimer:
It is important to note that the information provided in this article should not be considered as investment advice. Investors should be aware that cryptocurrencies are highly volatile and carry significant risks. It is advisable to conduct thorough research before making any investment decisions.
