The cryptocurrency market had a dynamic week with notable performances and setbacks among key altcoins. As traders and investors gear up for the upcoming FOMC decision, volatility remains at the forefront, and projects showcasing real utility appear to be attracting capital. Here’s a deep dive into the week’s biggest gainers and losers across the crypto space.
Weekly Winners: Gains That Made Headlines
MYX Finance (MYX) emerged as the week’s top gainer, surging by an impressive 200%. Opening at $3.5, the token managed to extend last week’s 189% rally, peaking at $19 on September 11. However, the price has since stabilized at $10.70 at press time, as overbought Relative Strength Index (RSI) levels signal a potential pullback. Despite reaching remarkable highs, MYX remains at an inflection point, with bulls needing to reclaim $15 as a pivot level for sustained upward momentum.
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Pump.fun (PUMP) follows closely, boasting a 65% weekly surge. Starting at $0.005, the token hit a new all-time high of $0.008, driven by back-to-back breakouts and bullish momentum. Despite this run, caution is advised, as profit-taking may curb its growth in the coming days.
Worldcoin (WLD) rounds off the top three gainers with a 60% rise. After a 52% spike early in the week pushed WLD past $1 resistance, the price reached $2.21 before retreating to $1.6. This volatility showcases FOMO-driven momentum, and sustained growth will depend on WLD reclaiming $2 as a support level.
Altcoins in the Spotlight
Beyond the major players, several lesser-known altcoins captured attention this week:
- Hifi Finance (HIFI): Soared by a massive 812%, leading the altcoin charge.
- XDOGE (XDOG): Recorded a 534% gain, further fueling excitement in the meme coin space.
- Naoris Protocol (NAORIS): Achieved a strong 230% weekly increase.
Weekly Losers: The Downside of Volatility
Not all altcoins had a stellar week. Leading the losers’ list is Four (FORM), with a sharp 40% drop. FORM opened the week at $4 and fell to $2.3 by week’s end. The token’s failure to reclaim multiple resistance levels reflects a bearish sentiment prevailing in the market.
Cronos (CRO), down 7% this week, exhibited signs of consolidation within the $0.20–$0.30 range. While the recent dip may resemble a cooling phase, analysts suggest it may present a favorable buying opportunity for long-term investors.
Meanwhile, World Liberty Financial (WLFI) fell by 2.5%, struggling to break free from persistent volatility. After attempting to push past the $0.25 resistance multiple times, WLFI remains trapped below $0.20, awaiting a fundamental trigger to sustain upward momentum.
Market Observations
Bitcoin (BTC) remained steady at $115k, while Ethereum (ETH) edged closer to $4.7k. Solana (SOL) stole the show with a strong recovery, capturing attention from both retail and institutional investors. Stablecoins have also seen growth, approaching a $300 billion market cap despite macroeconomic uncertainties.
In conclusion, the crypto market showcased a rollercoaster of gains and losses this week. As always, investors should exercise caution and conduct thorough research before diving into the market. For secure management of assets, consider exploring products like the Trezor Model T, another excellent hardware wallet to protect your digital investments.
