Last week, two meme tokens emerged as the biggest winners in the crypto markets, showcasing significant gains. Let’s delve into the details! Kicking off the week on a slightly negative note, ‘Bonk’ (BONK) soon experienced a noteworthy upswing. Cryptocurrency price analysis indicates that it began the week with a downturn, trading at approximately $0.000020.
However, as the week progressed, Bonk witnessed a substantial uptrend, reaching a trading session high of $0.00029 on April 25. By the end of the week, it was trading around $0.00025. According to CoinMarketCap data, Bonk achieved the highest gain of the week, with an impressive rise of over 28.4%. At the time of writing, it was trading at around $0.000027, and its market cap had surged to over $1.7 billion, experiencing a more than 10% increase in the past seven days.
Another meme token, Pepe (PEPE), also saw a significant increase in value last week. According to data from 21milyon.com, it recorded the second highest gain, showcasing an impressive growth of over 26.5%. The price movement analysis revealed a pattern similar to that of Bonk. It started the week on a less positive note, trading at approximately $0.0000059, but gained momentum throughout the week and was trading around $0.0000070 by the weekend. Further analysis indicates that its market value rose by over 8% due to the price increase, reaching approximately $3.2 billion at the time of writing. Pepe was also trading with an additional price increase, suggesting that the positive momentum was continuing.
Hedera (HBAR) experienced the third highest gain last week, with data showing a nearly 19% increase. The price surge was particularly notable due to the confusion surrounding its connection with Blackrock throughout the week. Analyzing the daily time frame chart, it was observed that HBAR started the week with a 3% increase, trading at around $0.089. However, on April 23, HBAR witnessed a significant price surge of over 73%, reaching approximately $0.15, which was linked to news regarding Blackrock tokenization. Nonetheless, its price experienced a rapid decline of over 20% on April 24, dropping to $0.12. By the weekend, the price had further fallen to $0.10.
Disclaimer:
The information provided in this article should not be considered as investment advice. Investors should be aware that cryptocurrencies are highly volatile and carry inherent risks. Therefore, conducting thorough research is crucial.
