Mogcoin, Aave, and Ronin emerged as the top performers last week.
Render, dogwifhat, and Akash Network faced the steepest declines.
A cat-themed memecoin led the gainers, while a dog-themed memecoin was among the losers. Despite some losses, the overall market saw more gains, reflecting a positive trend for the week.
Top Gainers
Mog Coin (MOG)
Mog Coin [MOG] was the standout performer last week, according to CoinMarketCap. It ended the week with a significant gain of 32.51%, making it the top gainer. Despite starting the week at about $0.0000013 and experiencing a drop until July 9th, Mogcoin saw a significant recovery. From July 9th onwards, its price began to rise, closing the week at around $0.0000015. Currently, Mogcoin is trading at approximately $0.0000019, with its market capitalization exceeding $683 million, reflecting an 18% increase in the past 24 hours alone.
Aave (AAVE)
Aave [AAVE] was the second-largest gainer last week, as reported by CoinMarketCap, with a notable increase of 25.30%. The week began with a nearly 6% decline, with Aave trading at around $78.27. However, it rebounded by over 4% the next day and continued to rise throughout the week, ending at approximately $99.26—a daily increase of over 1.8%. The Relative Strength Index (RSI) analysis supports this growth, showing a transition from bearish to bullish trends. Initially, Aave’s RSI was about 37, but it climbed to 62 by the end of the week, indicating a strong bullish trend.
Additional Gains for Aave
Aave broke through both its short and long-term moving averages, which had previously served as resistance levels. Currently, Aave is trading at around $100, with its market capitalization exceeding $1.5 billion, showing a 3% increase in the past 24 hours. Trading volume has also been robust, with over $108 million in exchanges.
Ronin (RON)
Ronin [RON] was the third-highest gainer last week, with an impressive increase of over 22%, according to CoinMarketCap data. The week began somewhat uncertainly for Ronin, opening at around $1.7 and dipping to about $1.6 the next day. However, the price began to climb from the third day onwards, closing the week at approximately $2.12.
Currently, Ronin is trading at around $2.15, with a market capitalization of over $721 million. Despite its strong market presence, its trading volume has significantly decreased, dropping by over 50% in the past 24 hours to more than $9 million.
Biggest Losers
Render (RNDR)
Render [RNDR] had a challenging week, closing with an 8.85% decline according to CoinMarketCap, making it the biggest loser of the week. The week started with RNDR trading at around $6.7 but experienced a steady decline, hitting a low of $5.7 on July 12th before slightly recovering to close the week at approximately $5.9.
Currently, Render is trading at around $6.16, with a market capitalization of about $2.4 billion, which has seen a slight decline. Render’s trading volume has also decreased significantly, dropping over 31% in the last 24 hours to over $96 million.
Dogwifhat
Dogwifhat [WIF], a dog-themed memecoin, had a tough week, ranking as the second-biggest loser with an 8.15% decline, based on CoinMarketCap data. The coin saw a steep drop at the beginning of the week, plummeting almost 17%, which reduced its price from around $2 to about $1.6.
Despite several minor uptrends throughout the week, these were insufficient to reverse the overall negative trend.
By week’s end, WIF saw a slight recovery, closing at around $1.60 with a daily increase of 2.2%. Currently, it trades at approximately $1.67, marking a further rise of over 4%.
Despite this, its Relative Strength Index (RSI) stands at about 40, indicating it remains in a bearish trend. WIF’s market capitalization is around $1.6 billion, while its trading volume has dropped by over 9% in the past 24 hours, now totaling more than $219 million.
Akash Network (AKT)
Akash Network [AKT] was among the top three losers of the week, with a decline of 6.19%, based on CoinMarketCap data.
The price trend analysis shows that AKT started the week at around $3.6 but continued to decline, ending the week at approximately $3.4. Currently, AKT is trading at about $3.45, with a market capitalization of over $842 million. Additionally, trading volume has significantly decreased by nearly 40%, now amounting to over $14 million.