Final week, a number of prime cryptocurrencies noticed a second spherical of value upswings, persevering with the restoration development from the prior week.
In consequence, the worldwide cryptocurrency market capitalization grew by $140 billion, marking a 5.7% improve to $2.57 trillion.
Listed below are our picks for the highest cryptocurrencies to look at this week, following notable actions recorded by these property:
PEPE hits new ATH for second straight week
Pepe (PEPE) has been on a sustained uptrend since mid-April regardless of the instability witnessed throughout the broader market inside this timeframe. Market information confirms that the meme coin sensation has recorded 4 consecutive intraday features since April 20.
This development occurred from April 20 to 23; from Might 1 to 4; and from Might 11 to 14.
Regardless of failing to engineer an identical streak this week, Pepe soared by 45.86% on Might 21 and 22 whereas the remainder of the market confronted a pullback. Recall that the frog-themed meme coin hit a brand new all-time excessive of $0.00001161 two weeks again.
Pepe secured one other all-time excessive final week when it rallied to $0.00001577 on Might 25. This value upswing bucked the general bearish development available in the market triggered by Bitcoin’s (BTC) retracement from the $71,000 excessive on Might 20.
Pepe has surged 75.88% over the past seven days, making it the most important gainer among the many prime 100 property throughout this era. The meme coin is now in a value discovery part, commanding a 24-hour quantity of $1.946 billion at press time, the seventh-largest within the crypto market.
Pepe’s Accumulation/Distribution metric confirms that final week’s upsurge was triggered majorly by large demand. The metric held a price of 615.79 trillion PEPE as of Might 19, however spiked to 775.91 trillion tokens by the tip of the week. PEPE now modifications palms at $0.00001606, seeking to safe its declare of this threshold.
NOT collapses by one other 10%
Notcoin started the week with an enormous 16.1% stoop on Might 19.
The coin, first launched in November 2023 as a closed beta inside Telegram, was a sufferer of an intense selloff marketing campaign shortly after its debut.
The token collapsed 55% after launch, as airdrop farmers trooped to money in. Final week, this selloff marketing campaign continued.
Nonetheless, it gave up the chance to recuperate most of those losses on Might 20, when Bitcoin and the remainder of the crypto market noticed an upsurge.
Notcoin solely elevated by a meager 2.57% after which continued its downward momentum within the days that adopted.
The newcomer shed off one other 10.63% from its worth final week, closing the week beneath the $0.005 value territory.
A ten.01% restoration on Might 25 was not sufficient to offset all of the losses of final week. At its present worth of $0.004964, NOT is down 86.76% from the height of $0.0370 it clinched on Binance on the day of its debut.
ONDO clinches new ATH
Ondo (ONDO) was the most effective performers of the earlier week. Just like the broader market, the asset started the week on a bearish observe, dropping 3.82% on Might 19.
Nevertheless, it rode available on the market rebound effort to recuperate this loss, closing Might 20 with a formidable 8.29% improve.
Whereas the remainder of the market retraced the features that day, Ondo — the native token of the RWA tokenization platform Ondo Finance — noticed a light correction after which resumed its uptrend. It will definitely clinched a brand new all-time excessive of $1.16 on Might 24.
The asset has since surpassed this stage, because it joins PEPE in value discovery mode. With a value of $1.28 at reporting time, ONDO is up 40.73% over the previous seven days, making it the fifth-largest gainer inside this timeframe.
The token has now recovered the 23% loss it suffered in April, up 71.88% this month.
Nevertheless, Ondo’s place above the $1.28 stage stays delicate, particularly with a 77.29 RSI suggesting overbought ranges.
The asset is due for a correction, however the bulls would want to search out assist on the 23.6% Fibonacci retracement stage ($1.1873) to defend in opposition to any steep declines to the decrease spectrum of the $1 threshold.
