Crypto market’s weekly winners and losers – TON, RNDR, BONK, CORE
Toncoin, Render, and Akash Network had the biggest gain in the past week.
Core, Bonk, and Pendle were the biggest losers in the past week.
This week, Toncoin [TON] emerged as the top gainer, leading the charge among cryptocurrencies. Other notable gainers included AI and computing-related tokens, which also performed well in the market.
However, the charts indicated that the trend of meme coins has subsided, at least for now.
Bonk [BONK] was highlighted as one of the biggest losers over the past week, signaling a downturn for meme coins in the current market conditions.
Biggest winners
Toncoin
AMBCrypto’s analysis of Toncoin’s price movement revealed a steady climb throughout the week, starting at approximately $5.9 on the 5th of May and reaching around $6.8 by the 11th of May.
CoinMarketCap’s data indicated a 24.35% increase over the past seven days, positioning TON as the top gainer for the week. Toncoin surpassed $7 at one point before settling around $6.8 at week’s end.
As of this writing, TON was trading at around $6.9, boasting a market capitalization exceeding $24 billion.
However, its trading volume has decreased by over 60% and was around $267.5 million at the time of this writing.
