- OnDO, TON, FTM, and TON all had gains of the highest magnitude this past week.
- The biggest losers of the week were INJ, JUP and BONK.
A general drop in sentiment towards the crypto market last week affected several assets.
The global crypto market cap fell by 7 percent during that time. AMBCrypto presents its list of winners and losers for the period between 17th and the 24th of march.
Winners of the biggest prizes
Ondo [ONDO]
Ondo [ONDO]Ondo Finance’s native token, which is a tokenization of security, was the currency asset that saw the biggest gains over the past seven days.
The token, which was worth $0.75 as of the time of publication, has increased in value by 57% since the previous seven days.
ONDO reached a new high on the 21st March of $0.81. The 21st March saw ONDO reach a new high of $0.81. reports BlackRock committed another round to launch a money market tokenized fund.
ONDO’s trading volume fell by double-digits within 24 hours despite the price’s increase of almost 10%. This divergence hinted that the token may lose value.
Toncoin [TON]
You can also find out more about Per CoinMarketCap’s data, TON The asset that ranked second in terms of gains was the one with the largest weekly gain, 46%.
This is the reason for the sudden increase in token prices. commencement The Ton Foundation released a statement on the 20th of March announcing the opening of The Open League.
The blog states that the program allows TON projects to compete and receive rewards. Users of the network will also be rewarded for on-chain activities.
This event will distribute 30,000,000 TON, worth approximately $115,000,000 to members of the ecosystem.
Altcoins are currently trading for $5.10 and have seen a 109% increase in their volume over the past 24 hour.
Fantom [FTM]
FTMLast week, saw a price increase of 34% for the Fantom native utility token, which powers the Fantom ecosystem.
On 22nd march, the value of the token rose to $1.18 before falling to $1.06 today.
FTM value has risen by double-digits in the past seven days due to continued demand.
FTM investors, according to their key momentum indicator assessed on a 24 hour chart, continue to favour accumulation rather than selling to make a profit.
The FTM/USDT trading view
Biggest losers
Injective [INJ]
INJ, which had been on a rally for a while, peaked out at $52.38 per share on March 13th to finish the week the worst loser.
At the time of publication, Altcoin was trading at $35.40. Its price has fallen by 14% over the last seven days.
INJ was trading at $41.01. INJ’s volume of daily trade decreased by 65% as the overall market declined, according to Santiment’s data.
Its value also declined during this period.
Santiment
Data from the on-chain revealed that the lower trading volume is due to a decrease in demand. According to Santiment data, during the past week the number of daily addresses that participated in INJ transactions dropped by 33 percent.
The daily number of addresses used to exchange altcoins also dropped by 14 percent.
Jupiter [JUP]
JUPThe token used to power Jupiter, the decentralized exchange (DEX) based in Solana, ranked second for the most losses during the last week.
As of the time this article was published, the price for the Governance Token had fallen by 13% during the review period.
Tokens attempted to reclaim their $1.4 mark price on March 21st, but there was insufficient buying power to support the rally. This led to an additional price drop of 10%.
JUP has extended its losses to the end of last week. The value is down by 3% over the past 24 hour due to a drop in volume trading.
Bonk [BONK]
CoinMarketCap data shows that BONK is the Solana-based asset with the highest weekly loss.
Its value plummeted by 11 % during that time. The general bearish market sentiment prevented it from initiating an upward correction at various points.
BONK MACD’s line rests beneath the signal line and confirms the current bearish trend. Short-term moving Average is trending downwards compared to the longer-term Moving Average.
This intersection signifies the reemergence of bears as well as an increase in buying activity.
Trade BONK/USDT at TradingView
BONK was trading at $0.00002217 as of press time. The price has seen a slight 0.23% increase in the last 24 hours.
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Source: ambcrypto.com
