Weekly Market Review: WIF, ENS, RUNE, AR, PEPE
This week has been rough several coins, as seen from their price movements. This week’s plunges can be attributed to yesterday’s red monday which saw several tokens loose out, leaving no gainers as of the last seven days.
Dogwifhat Price Review
Dogwifhat, $WIF, is this week’s top looser, as seen from its price movements during the session. As of press time, Pendle, trading at $1.41, had seen a 40% plunge from its previous seven-day price, as its market cap stood at $1,411,298,361 during the same period.
This week’s price plunge on the token can be attributed to whale movements apart from yesterday’s bear market. On August 3rd, a whale dumped over 14.53M $WIF, totaling $24M at current prices.
Ethereum Name Service
Ethereum Name Service, $ENS, is also among this week’s top losers, as seen from its price movements during the session. As of press time, Ethereum Name Service, trading at $17.69, had seen a 35% plunge from its previous seven-day price, as its market cap stood at $580,681,122 during the same period.
This week’s price plunge on the token can be attributed to a recent move this week that led to an earlier decline before yesterdays. As of August 3rd, $ENS lost its uptrend and is yet to find new support.
THORChain Price Review
THORChain, $RUNE, is among the gainers in today’s session as well as seen from its price movements. As of press time, THORChain, trading at $3.06, had seen a 34.9% plunge from its previous seven-day price, as its market cap stood at $1,036,903,227during the same period.
This week’s price plunge on the token can be attributed to the larger market cycle. Analysts earlier dictated that $RUNE could keep correcting until September as time based fibs suggests which seems to have worsened with Monday’s market.
Arweave Price Review
Arweave, $AR, is also among the top losers this week as seen from its price movements over the period. As of press time, Arweave, trading at $20.54, had seen a 32.68% plunge from its previous seven-day price, as its market cap stood at $1,375,575,184during the same period.
This week’s price plunge on the token can be attributed to market cycles as well. Recent analysis by experts reveal that Arweave is currently in a wave 4 correction currently playing out but expect a top out by the end of the year.
Pepe Price Review
Pepe, $PEPE, is also among the top losers this week as seen from its price movements over the period. As of press time, Pepe, trading at $0.058141, had seen a 32.68% plunge from its previous seven-day price, as its market cap stood at $3,422,368,432 during the same period.
This week’s price plunge on the token can be attributed to earlier movements this week. On August 2nd, $PEPE was experiencing a short-term correction after reaching a recent high of 0.00001068 which might have been further fueled by yesterday’s market as well.
