Cryptocurrency Market This Week: Who Are the Winners Among PENGU, VIRTUAL, FTM, and HYPE?

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This week, the cryptocurrency market showed a divergence, with Bitget Token (BGB), Virtuals Protocol (VIRTUAL), and Pudgy Penguins (PENGU) emerging as the biggest winners, while Fantom (FTM), Hyperliquid (HYPE), and Ondo (ONDO) faced significant setbacks.

Biggest Winners

Bitget Token (BGB)

Increase: Rose 87.99% this week, with the price rising from $4.301 to $7.700, and market capitalization surpassing $10 billion.

Motivation: Market preference for mid-cap tokens boosted its strong growth.

Outlook: Clear signs of overbought conditions, may face a short-term pullback, but upward momentum remains strong.

Virtuals Protocol (VIRTUAL)

Increase: Driven by the AI craze, rose 30% this week, with market capitalization exceeding $3 billion, and price hitting a historical high of $3.70.

Outlook: Technical indicators are bullish, may continue upward momentum in the short term.

Pudgy Penguins (PENGU)

Increase: Rose 32% this week, supported by the sustained heat in the NFT market.

Advantage: Community-driven growth model provides support for long-term development.

Biggest Losers

Fantom (FTM)

Decrease: Became the biggest loser this week, with lackluster performance and market confidence under pressure.

Outlook: If key support holds, there may be an opportunity to reverse the downward trend.

Hyperliquid (HYPE) and Ondo (ONDO)

Performance: Both faced significant declines under market sell-off pressure.

Outlook: Need to find support points in the short term to rebuild market confidence.

Despite market volatility, some tokens continue to show strong resilience, providing potential opportunities for investors.

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