The winners and losers in the crypto market over the past week

Last week, the crypto market witnessed many notable events. Bitcoin (BTC) broke through the resistance level of $111,000 for the first time, setting a new ATH, and the overall market also grew accordingly.

Meanwhile, the first Layer-1 blockchain dedicated to memecoins has outperformed the entire market, recording a three-digit growth over the week.

Winning Projects

MemeCore (M) — A meme-focused Layer-1 blockchain has surged to a valuation of $1

MemeCore (M) is the best performing project this week with an incredible growth of over 830% compared to the opening price of $0.09.

MemeCore is the first Layer-1 blockchain built specifically for Meme 2.0 assets. Its goal is to redefine memecoins, not just as speculative tokens.

The market seems to agree with this. M started the new week with a daily growth of 71.59%, the largest increase since its launch on July 3.

The growth surge came at the right time, as BTC broke through the resistance level of $110,000 and capital began to flow into meme tokens. M continued to climb for 4 consecutive days, increasing by more than 215% throughout its price surge.

Source: TradingViewM peaked on July 11, after surpassing the $1 mark, with a subsequent strong correction wiping out nearly 32% of the weekly growth.

M has bounced back 11% since then, stabilizing around $0.65, but with trading volume down 25%, momentum seems to be slowing. Unless there are new buy orders, M may struggle to regain a new peak in the near future.

Steller (XLM) — Blockchain P2P records a strong price increase

Stellar (XLM) has closed the week with a solid growth of 80%, rising to the second position among the best-performing altcoins.

The increase occurs when capital flows into the overall market, and this reversal carries significant meaning for XLM, which has spent most of Q2 around lower bottom levels and even dipped to a low of $0.20.

XLM started the week with a slight decrease of 0.81% at the resistance level of $0.25, but quickly reversed with an increase of 4.45% the next day.

This has created 5 consecutive green candles, pushing the price back to the $0.45 range, the highest since the end of January.

This is the strongest recovery of XLM since the price increase at the beginning of Q1, potentially attracting more investors who are on the sidelines or helping holders return to a profitable or breakeven state.

RSI is deep in the overbought zone, while MACD still shows growth signals. The upcoming trend will depend on macro risk sentiment, but if the upward momentum is maintained, XLM has the potential to surpass $0.50.

Mog Coin (MOG) — Memecoin skyrockets to a 6-month high

Mog Coin (MOG) has ended the week with a strong increase of 78%, becoming the third best-performing project on the list.

The entire memecoin sector has increased by 22%, pushing the total market capitalization above 60 billion USD, with MOG recording impressive activity.

This memecoin started the week with a decrease of 4.05% to around $0.0000010 but quickly reversed, possibly due to a short squeeze, resulting in an increase of 10.10% the following day.

Since then, MOG has increased for 5 consecutive sessions, reaching a six-month high of $0.0000017. However, the trading volume has decreased by 50%, indicating that a short-term cooldown may be occurring.

But if the market continues to maintain a risk-on sentiment, we may see capital flow into high beta altcoins like MOG. In that case, the upward momentum towards the resistance level of $0.0000020 will certainly occur.

Other notable projects

In addition to the above projects, many other altcoins have captured attention this week.

Manyu (MANYU) leads with an impressive spike of 543%, followed by Kori (KORI) climbing 326% and Hyperlane (HYPER) increasing 318%.

Losers of the Week

Jito (JTO) — Solana's liquidity protocol establishes a lower bottom

Jito (JTO) ended the week down about 3% from an opening level of $1.90, becoming the only altcoin in the top 100 to record a decline.

But despite the closing level in the red, this week may have marked an important turning point.

JTO has spent the last few days consolidating in the range of $1.70 to $1.95. This is a narrow range, contrasting with the downtrend at the end of Q2, when it created three lower lows in a row over the week and confirmed a bearish structure.

This consolidation looks different. It is being controlled more tightly than in previous cycles. This could be a sign of real accumulation.

Source: TradingViewIf the buyers can maintain this range and push the price above $2.00, it will help change the momentum and open the way towards the resistance level of $2.50.

In that case, JTO may be preparing for a clearer reversal in Q3 with strong bullish potential.

Tokenize Xchange (TKX) — The token of the trading platform has dropped to its lowest level in 5 years

Tokenize Xchange (TKX) has dropped to a 5-year low, the lowest since the listing date.

The decline occurred after the sharp drop of TKX at the end of May, when this altcoin lost the important support level of $25.

But there is still a glimmer of hope. With the RSI indicator deep in the oversold zone, TKX had a strong recovery over the weekend, rising 6.49% on the day and trading around $11.71 at the moment.

This is also the longest green candle for this altcoin in over a month, indicating that buyers are entering the market at extremely low valuation levels. If maintained, a recovery could occur.

However, regaining the level above $20 will not be easy. The bulls will need a lot of effort to reverse the long-term sentiment.

Maple Finance (SYRUP) — The DeFi platform has extended the bearish trend in Q3

Maple Finance (SYRUP) ranks third among altcoins that recorded a weekly decline, extending the downward trend after reaching a peak of nearly $0.63 at the end of June.

Although there was a brief recovery effort last weekend, the bulls could not maintain the upward momentum.

SYRUP started this week with a sharp decline of 7.59%, dropping below the support zone of $0.58. The price then stabilized around $0.50, but so far there hasn't been enough momentum to bounce back.

Unless this area starts to show real accumulation, the likelihood of a breakout remains very low.

Other notable altcoins

SpaceN (SN) leads the list with a decrease of 47%, followed by Seraph (SERAPH) which evaporated by 40% and Bananas for Scale (BANANAS31) plummeted by 39%.

Vincent