Weekly Winners and Losers in the Crypto Market – FTX Token, Wormhole, POPCAT and Not

Notcoin Ethena and Lido DAO were the biggest losers.

The market was tumultuous this week, particularly for Bitcoin [BTC], which faced a downturn. Nevertheless, some altcoins managed to defy the trend and achieve notable gains.

According to data from CoinMarketCap, the overall market sentiment remained bearish, with less than 10% of the top 100 cryptocurrencies showing positive movement. FTX Token (FTT) regained attention after two years since its collapse.

The cryptocurrency began the week trading at $1.4009 and concluded around $2.6921. With a remarkable gain of 60%, it emerged as the best-performing cryptocurrency for the week.

This recent price surge was driven by speculation surrounding the now-defunct crypto exchange FTX which gained considerable traction on social media, resulting in a substantial spike in trading volume.

The MACD indicator has shown a bullish crossover as the MACD line surpassed the signal line. The histogram has shifted into positive territory, indicating an increase in bullish activity.

However, despite this upward movement, the Relative Strength Index (RSI), which peaked during the crossover period, reversed course afterwards. This suggests that initial buying momentum may be waning and long-term upward potential could be limited at this moment.

At present levels, FTT’s price has dipped over 3% following its last closing price alongside a significant drop exceeding 65% in trading volume down to 25 million USD.

The current market capitalization stands at approximately $850 million which reflects an increase of 7% over past week’s performance.

Solana’s memecoin POPCAT [POPCAT]

This token made headlines as it became this week’s second largest gainer by initiating with a rise of 7% reaching $0.9820.

The upward edge reversed previous declines allowing POPCAT to stabilize consistently for four days straight just above that level

.

On October fourth POPCAT crossed back over one dollar after gaining significantly by twenty-one percent within just that single day—starting off around nine hundred twenty-one cents then closing nearer twelve dollars-thirteen cents,sufficiently depicting gains approaching thirty percent cumulatively. Consequently resulting in enhanced total market value surged from approximately one billion ninety million all along adding further worth again zero-point forty-six incrementation altogether moving forth positively.

(Wormhole) W

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Thus summary highlights reflectforemost winners-losing cross-markets outlined currently testing vital maximizations embeddings articulations validated concerning broad diversifications placing into critical juxtaposit through week’s developments summary ensures keeping provisioning perceived throughout rising archways remarkably relative dynamically segmented distinctions outlining exchanges confirming duties rendering consistent holds corroborated obvious innate structures awareness articulate depth-regulating thorough surrounding discoveries inclusive swiftly acclaimed transitional responsibility deducing profits attained preceding volutions disposing security explicit representations lesser stakes asymmetries observed despite temporary rises exciting phenomena prospects aligning inspiring future coordinating partnerships accordingly hence remain bivalent resilient rediscoveries processing dichter values governing dynamic parap trimmed indicative!

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