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Crypto Markets This Week: A Closer Look at the Top Performers

The broader crypto markets witnessed a volatile week with a mild bullishness. The market leaders Bitcoin and Ethereum experienced bullishness in the 1st half and inched closer to the higher levels. 

However, the release of the NFP data on Friday led to a significant reversal, wiping out most of the gains made earlier in the week. It could result in investors ending their week without profit for the second consecutive week.

Despite the volatility, several cryptocurrencies have outperformed the market trend and secured substantial returns for their investors. Notcoin, ORDI, and Stacks emerged as the top weekly gainers, rising an impressive 30% to 60% this week. 

Notcoin Emerged As The Top Gainer For The 2nd Consecutive Week!

Notcoin secured the top gainer of the week spot, soaring by over 6.50% intraday, adding a total of 55.28% a week. The NOT crypto has emerged as the top performing for the second consecutive week, as per coinmarketcap.com. 

In the previous week, this crypto took a giant leap toward the higher side and surged over 279%. Continuing its uptrend in the second consecutive week, crypto managed to gain over 55.28% this week, adding an impressive total of 334.28% in the last two weeks. 

When writing, the crypto was up over 6.50%, trading close to $0.020. The bulls are leading in the intraday and might add up a few more gains by the session’s end. 

Originating as a popular telegram game, Notcoin introduced numerous users to the web3 space with a simple tap tap to earn mining feature. It has a live market capitalization of $2.031 Billion and ranks 51st among all the cryptocurrencies. The circulating supply and the total supply are limited to 102.701 Billion tokens.

ORDI Claims the 2nd Weekly Gainer Rising Over 32%. 

ORDI crypto resumed its bullish move this week after breaking out of a correction phase. The crypto performed exceptionally well, rising by over 32% this week. The bulls are dominating in the intraday session. The price is up over 2.23% and was trading close to $60. 

   

In the previous week, the crypto bottomed out after bulls established their presence near the $35 level. The ORDI price experienced a strong thrust towards the psychological level of $50, thus marking a trend shift that the bulls resumed this week. 

Currently, the ORDI crypto is trying to surpass a strong resistance of $60 level, beyond which the crypto may rise towards the $75 level. However, if the selling pressure increases, the price may get support near the $50 level.

Stacks Breaks Out Of A Correction Phase. 

The Stacks crypto reversed its course after bulls established their presence near the $1.8 level and made a big leap toward the $2.5 level. The crypto made a breakout of a trendline resistance and surged over 28.9% this week, marking the end of a correction phase. 

 

The recent price surge has added it to the week’s top performers. Moreover, the breakout is supported by a significant rise in the volume inflow. As per coinmarketcap.com, the volume inflow surged 35.3% in intraday to $309.5 Million. 

As a Bitcoin layer for smart contracts, Stacks crypto enables smart contracts and decentralized applications to use BTC as an asset to settle transactions on the Bitcoin blockchain.

It has a live market capitalization of $3.32 Billion and ranks 30th among all the cryptocurrencies. Out of 1.81 trillion STX tokens, nearly 80.65% (1.466 trillion STX tokens) are in circulation.

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.

Disclaimer

The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.

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Adarsh Singh
Adarsh Singh
Adarsh ​​Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.