This Week’s Crypto Gainers and Losers: NOT Leads With 214% Gain, BTC and ETH Remain Flat

Both bitcoin and ethereum experienced a tepid week over the last seven days, with BTC seeing a slight increase of 0.5% and ETH declining by 3.8%. Conversely, several crypto assets posted gains, with notcoin (NOT) rising 214% against the U.S. dollar.

NOT Tops the Charts With 214% Increase, TAO Declines 14%

The TON-based crypto asset notcoin (NOT) emerged as the leader in gains this past week. The overall crypto economy, valued at $2.58 trillion, grew 1.59% over the last day. NOT increased more than 9% in the past 24 hours and 214% over the last week.

Notcoin (NOT) against tether (USDT) via Okx on June 3, 2024.

Following NOT’s substantial increase, the meme token brett (BRETT) climbed 38.5% this week. BRETT’s performance was followed by TIA up 17.7%, ORDI up 15.5%, and BGB which rose 15.1%. The week’s top trade volumes, excluding BTC, ETH, and stablecoins, include NOT, BNB, SOL, PEPE, XRP, and DOGE.

A total of only 21 coins saw gains against the U.S. dollar over the past seven days. The week’s biggest loser was bittensor (TAO), dropping 14%, followed by thorchain (RUNE), which fell 13.5% against the U.S. dollar. While 21 saw gains, numerous crypto tokens recorded net losses this week.

Other notable losers over the seven-day period include UNI, PENDLE, AKT, PEPE, and BONK, which declined between 9.9% and 12.7% against the greenback. ARB, ETC, TKX, CORE, THETA, and MKR also posted significant losses. While a few crypto tokens did see gains this week, led by NOT, the market’s overall performance was characterized more by losses than gains across the board.

What do you think about the week’s crypto gainers and losers? Share your thoughts and opinions about this subject in the comments section below.

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