The fear and greed index is on the verge of turning bearish, reporting 51 on the charts. It is surprising as the market has been bullish for some time, and many cryptocurrencies reached new highs per CoinmarketCap. Now, as the market was not bullish, most cryptocurrencies faced a major decline, bringing down the global market cap to $2.35 Trillion and the trading volume to $34 Billion, the lowest point of the month. With that, let us discuss some of the crypto gainers and losers to analyze the market’s performance.
Biggest Crypto Gainers of The Week
By challenging the crypto market conditions, a few cryptocurrencies have grabbed decent gains, maintaining their values and, more importantly, becoming the biggest crypto gainers of the month. As of now, Turbo, SolCex, and Pendle are among the top crypto gainers and are still surging.
Turbo (TURBO)
Turbo is among the biggest crypto gainers, with its 42% hike this week. It is currently trading at $0.006356 after declining to a low of $0.003523. The surge is not limited to that, as it has been surging for weeks, gaining 242% over the month, creating an all-time high of $0.00978 earlier in the month.
SolCex (SOLCEX)
SolCex, a centralized exchange on Solana, has made 29% gains over the week, challenging market conditions. It is one the biggest crypto gainers, valued at $0.01577, and might continue to surge as network activity is high, with 167% gains in trading volume.
Pendle (PENDLE)
After facing a decline to $4.78, Pendle’s price has surged to 16%, currently valued at $6.13 with a market capitalization of $949,137,077. Though the surge is decent, PENDLE is aiming for the ATH target set two months ago.
Biggest Crypto Loser of The Week
Following the market drop, a few cryptocurrencies have faced heavy losses this week. In the list of crypto losers, BYTE, Gamestop, and ZKSync are the biggest losers despite their high gains earlier.
Byte (BYTE)
BYTE is moving down its recent peak, surging to a high of $0.00003619, but now it’s trading at $0.00001329 after facing a 43% decline in the last few days. Its value has continuously declined since the March rally.
Gamestop
Gamestop was among the biggest crypto gainers earlier but has dropped recently, unsettling the holders. At the time of writing, the Gamestop price is $0.007681 after a 36% decline in the last week. This decline brings the GME 76% away from the all-time high of $0.03207 set two weeks ago.
ZkSync (ZK)
ZK is the native token of the ZKSync Network and has been part of a controversy due to its ZK Airdrop. The result of the controversy is visible in the price performance as the token price has continuously declined since launch. Over the week, it lost 37% of its value, bringing the value down to $0.1803.
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