Some assets defied the broader trends and achieved significant gains, while others struggled to maintain their footing. This recap provides an overview of the week’s biggest winners and losers, highlighting key movements in the market for Sui (SUI), Helium (HNT), Zcash (ZEC), Lido DAO (LIDO), Maker (MKR), and Aave (AAVE).

Top Performers of the Week

1. Sui (SUI)

Sui (SUI) emerged as the standout performer of the week, recovering impressively from an initial downturn. The asset began the week with a series of declines, with its price dropping by 5.39% on the first day and continuing to fall by over 7% the following day. This decline marked SUI’s tenth consecutive day of losses, bringing its price to $0.53.

However, a significant turnaround began on August 5th, when SUI rebounded with a 12.55% increase, pushing its price to approximately $0.6. The asset’s momentum gained further strength on August 8th, with an astonishing 38.58% surge that lifted its price to around $0.8. By the end of the week, SUI had risen by 7.42%, closing at approximately $0.9. This impressive performance resulted in a total weekly gain of over 44%, making SUI the top performer of the week.

As of the latest data, Sui’s market capitalization stood at over $2.3 billion, with a trading volume exceeding $319 million, reflecting a 16% increase in the last 24 hours.

2. Helium (HNT)

Helium (HNT) also made significant strides this week, despite a rough start. The week began with a 7% decline, reducing HNT’s price to around $4.2. Despite this setback, Helium managed to reverse its fortunes with a series of gains throughout the week, including two days of double-digit increases.

Although Helium concluded the week with a slight 3.98% decline, it maintained an elevated price level, closing around $6.5. This recovery marked HNT as the second-biggest gainer of the week, with a total increase of over 34%.

Helium’s market capitalization is currently over $1 billion, although it experienced a slight decline in the last 24 hours. Trading volume for Helium dropped by over 50%, totaling approximately $13.7 million.

3. Zcash (ZEC)

Zcash (ZEC) experienced a notable recovery after starting the week on a downward trajectory. Beginning at approximately $31, ZEC faced a challenging start but eventually saw a significant uptrend. By the end of the week, Zcash was trading around $41, reflecting a substantial rebound.

According to Coin Market Cap, Zcash was the third-biggest gainer of the week, with an impressive 27% increase in its price. This rise boosted Zcash’s market capitalization to over $672 million.

Despite the strong price performance, Zcash’s trading volume showed a significant reduction, declining by over 40% in the last 24 hours to approximately $80.9 million.

Biggest Losers of the Week

1. Lido DAO (LIDO)

Lido DAO (LIDO) faced a challenging week, ending up as the biggest loser among the major assets. Starting the week at approximately $1.2, LIDO experienced a steady decline, eventually closing the week at around $1.1. This decline represents an almost 18% drop over the week.

LIDO’s market capitalization reflected this negative trend, standing at about $988 million. The trading volume for LIDO also decreased over the week, falling by more than 7% to approximately $70.3 million.

2. Maker (MKR)

Maker (MKR) had a tough week, starting with a price of over $2,200 but experiencing significant declines throughout the week. By the end of the week, MKR’s price had decreased to approximately $1,961, marking a decline of over 13%.

The trading volume for MKR also saw a substantial decrease, dropping by more than 30% in the last 24 hours to around $45 million. Maker’s market capitalization adjusted accordingly, standing at around $1.8 billion.

3. Aave (AAVE)

Aave (AAVE), which had been a top performer in the previous week, experienced a reversal in fortunes. The asset started the week with a sharp 8% decline, dropping from approximately $105 to around $97. Despite some upward movements during the week, AAVE was unable to recover fully, closing the week at approximately $93.

This decline resulted in a total weekly loss of over 12%, making AAVE the third-biggest loser of the week. The Relative Strength Index (RSI) for AAVE was recorded at 46, indicating a bearish trend. Additionally, Aave’s market capitalization was reported at around $1.4 billion, with trading volume dropping by over 18% to approximately $87.2 million.

Conclusion

This week’s cryptocurrency market showcased a mixed bag of performances, with certain assets like Sui, Helium, and Zcash achieving notable gains, while Lido DAO, Maker, and Aave faced significant declines. As always, the crypto market’s inherent volatility means that prices can shift rapidly, and it’s essential for investors to stay informed and conduct thorough research before making investment decisions.