Weekly Winners and Losers in the Cryptocurrency Market NOT MANTRA FTM PENDLE

CoinDesk report:
MANTRA, MultiversX, and Notcoin were the biggest winners last week. ORDI, Pendle, and Fantom became the biggest losers over the past week.
In the past week, MANTRA dominated the list of gainers, leading the market with a steady performance. In contrast, Pendle performed poorly, appearing on the losers list for the second consecutive week.
Biggest Winners
MANTRA (OM)
In a week when the cryptocurrency market was generally down, MANTRA (OM) stood out with a significant increase in value.
According to CoinMarketCap data, OM rose by 25.05% in the past week, consolidating its position at the top of the gainers list. Price trend analysis shows that OM started the week at around $0.7 and strengthened its momentum as the week progressed.
Despite experiencing some declines that briefly pushed its price below the starting point of the week, the company closed the week with a trading price still above $0.8.
As the new week begins, OM continues its upward trajectory with a trading price of around $0.9. Its market capitalization has also increased substantially, now exceeding $765 million, with an 8% increase in the past 24 hours.
However, its trading volume has decreased by over 20%, currently around 32.3 million.
MultiversX (EGLD)
MultiversX (EGLD) closed the week as the second biggest gainer in the market, with a 20.66% increase, according to CoinMarketCap data.
Analysis of its price trend shows that EGLD started the week at around $28.8, and despite some fluctuations, closed near $35. Overall, the asset showed more upward momentum than downward trends this week.
EGLD’s price trend is characterized by significant surges, a notable feature of its weekly trading pattern. At the time of writing, its trading price is around $34.1.
EGLD’s market capitalization has exceeded $927 million, with a 2% increase in the past 24 hours. However, it is important to note a significant decrease in trading volume, which has dropped by nearly 50%, currently close to $34 million.
Notcoin (NOT)
Notcoin (NOT) represented a significant change on the weekly gainers list, following MultiversX as the next cryptocurrency, initially with single-digit gains.
Analysis of the price chart for NOT shows that it rose by nearly 6% at the start of the week, with a trading price of around $0.014. However, it faced a series of declines in the following trading days, with a drop of over 9% by July 5th. By the end of the trading day, its price was around $0.010.
Despite these setbacks, a significant rebound over the weekend dramatically reversed its fortunes. NOT’s price surged by 28.61%, re-entering the winners list, with a closing price of around $0.013 for the week.
At the time of writing, NOT’s trading price is around $0.014, with an increase of over 15%. Along with this rebound, trading activity has significantly increased, with a growth of over 150% in the past 24 hours, reaching over 877 million transactions.
Furthermore, its market capitalization has soared by over 44%, exceeding $1.5 billion, making it the only asset among the top three gainers with a market value in the range of $1 billion.
Biggest Losers
ORDI (ORDI)
According to CoinMarketCap data, ORDI (ORDI) experienced a significant downturn last week, leading the list of declines with a 23.26% decrease.
The data shows that ORDI started the week with an opening price of around $38, but has since been on a downward trend. The most severe drop occurred around July 5th when its price plummeted from around $32 to about $27.
Despite a slight recovery later in the week, ORDI closed at around $30.7, which was not enough to remove it from the list of losses. At the time of writing, the stock is still trading in the $30 range.
ORDI’s market capitalization has increased slightly by over 4%, exceeding $630 million, indicating some level of buying interest despite recent price declines.
However, trading volume has decreased significantly by 28%, to around $124.3 million.
Pendle (PENDLE)
Pendle continued to struggle in the market, marking its second consecutive week of significant decline. With a drop of 22.45%, it was the second largest decline of the week.
The data shows that PENDLE started the week with an opening price of $5, initially attempting a slight increase.
However, it quickly succumbed to a downward trend and remained on a downward trajectory throughout the week, closing at around $4 in the end.
As the new week begins, PENDLE’s price has dropped to around $3.8.
Despite the continued price decline, there have been some unexpected developments in its market valuation; the market cap has slightly increased, now exceeding $592 million, with a growth of over 1% in the past 24 hours.
PENDLE’s trading volume is around $65 million, a decrease of nearly 10%.
Fantom (FTM)
Analysis of Fantom’s daily timeframe shows that it started the past week positively. With a trading price of around $0.58, it rose by 8.80%.
However, the asset faced significant setbacks on July 3rd and 4th, with declines of 14.71% and 11.53%, respectively, bringing its price down to around $0.44.
Over the weekend, FTM saw a moderate recovery with a 6.41% increase, pushing its price to around $0.45. However, more funds are needed to offset earlier losses.
According to CoinMarketCap data, these fluctuations resulted in Fantom ranking third with an overall decline of 20.95% this week.
Its market cap is around $1.2 billion, reflecting a decrease in value. Additionally, trading volume has also declined, totaling around $118.6 million, indicating reduced trading activity.