Crypto market’s weekly winners and losers – LINK, BONK, WLD, WIF

• Fantom, Chainlink, and Bonk were the biggest winners of the week.
• Worldcoin, dogwifhat, and Etherna had the biggest losses of the week.

Bonk [BONK] remained one of the top gainers for another week, while Chainlink [LINK] made a comeback after being absent for a long time.

In contrast, Worldcoin [WLD] had a poor week, landing it among the biggest losers, and dogwifhat did not perform well enough to be among the gainers.

Biggest winners 

Fantom [FTM]

An analysis of Fantom [FTM] showed that it started the week low but ended high. On the 12th of May, it was priced at around $0.70. It then declined over the next few days, reaching a low of about $0.64.

However, starting on the 15th of May, the price began to rise and returned to the $0.70 range by the end of the day. By the end of the week, its price had climbed to around $0.89. 

According to data from CoinMarketCap, Fantom’s price increased by nearly 26% over the last seven days, making it the highest gainer.

At the time of this writing, it was trading at around $0.89, with a market cap exceeding $2.5 billion, up by over 6%.

Chainlink [LINK]

AMBCrypto’s analysis of Chainlink [LINK] on a daily time frame chart showed that it began the week with an almost 2% increase, reaching around $13.50. However, it declined over the next two days to about $12.90.

Then, consecutive significant bounces—a 6.8% increase followed by an almost 12% rise—pushed its value to around $15.50. By the end of the week, it was trading at approximately $16.30. 

Source: TradingView

According to CoinMarketCap, Chainlink was the second-biggest winner over the past seven days, with an almost 23% increase.

The Relative Strength Index (RSI) indicated a strong bull trend, with an RSI of around 65.

At the time of this writing, Chainlink was trading at approximately $16.70, reflecting an over 2% increase, and its market cap was around $9.7 billion.

Bonk [BONK]

Bonk [BONK] was the third-biggest gainer of the week, with an approximate 21.4% increase over the last seven days.

It was the highest-ranking memecoin gainer, marking a significant improvement from its status as one of the top losers the previous week.

AMBCrypto’s look at BONK showed that it started the week at around $0.000022, dropped to a low of $0.000021 on the 13th of May, but then experienced consecutive uptrends.

By the end of the week, it had risen to about $0.000026. 

BONK had further increased to around $0.000028 at the time of this writing. Its market cap was approximately $1.7 billion, having grown by over 12% in the last 24 hours.

Additionally, its trading volume exceeded $500 million, increasing over 150% in the last 24 hours.

Biggest losers

Worldcoin [WLD]

Worldcoin [WLD] typically sees a positive move following announcements from OpenAI, but the recent announcement didn’t have the same effect.

WLD ended up as the week’s biggest loser, with a decline of over 16%. The daily time frame chart showed that it began the week with an almost 3% increase, reaching around $5.90. 

Source: TradingView

However, it declined by over 5.2% on the 13th of May and dropped another 15.28% on the 14th of May, bringing its value down to about $4.70. Over the next few days, it struggled to reclaim the $5 region.

At the time of this writing, it was trading at approximately $4.90. The Relative Strength Index (RSI) indicated a bear trend, being below neutral.

WLD’s market cap was around $1 billion at press time, having declined by almost 1%.

dogwifhat [WIF]

dogwifhat [WIF] was the second-biggest loser of the week, with a decline of over 13%, according to CoinMarketCap.

The price analysis showed that it started the week at around $2.90 and rose to about $3.20 on the 13th of May. However, it couldn’t maintain positive momentum and declined to $2.50 by the end of the week.

At the time of this writing, it was trading at around $2.60. Its market cap was approximately $2.6 billion, declining over 6% in the last 24 hours.

Ethena [ENA]

Analysis of the Ethena [ENA]  price chart showed consistent declines throughout the week. Although there were occasional uptrends, consecutive declines erased any gains made.

The chart indicated that ENA started the week at around $0.80 but fell to approximately $0.75 by the end of the week. At the time of this writing, it had further declined to about $0.73. 

According to CoinMarketCap, ENA’s price decreased by over 13.5% in the last seven days. Its market cap was around $1.1 billion at the time of this writing.

Conclusion 

Here’s the weekly recap of the biggest gainers and losers. It’s crucial to bear in mind the volatile nature of the market, where prices can shift rapidly.

Thus, doing your own research (DYOR) before making any investment decisions is best.