,Last week, multiple top cryptocurrencies saw a second round of price upswings, continuing the recovery trend from the prior week.
As a result, the global cryptocurrency market capitalization grew by $140 billion, marking a 5.7% increase to $2.57 trillion.
Here are our picks for the top cryptocurrencies to watch this week, following notable movements recorded by these assets:
上週,多種頂級加密貨幣出現第二輪價格上漲,延續了前一周的復甦趨勢。 全球加密貨幣市值因此成長了 1,400 億美元,成長 5.7%,達到 2.57 兆美元。 以下是我們精選的本週值得關注的頂級加密貨幣,根據這些資產記錄的顯著走勢:
PEPE, NOT and ONDO prices – May 26 | Source: Santiment
PEPE、NOT 和 ONDO 價格 – 5 月 26 日 |資料來源:Santiment
PEPE hits new ATH for second straight week
Pepe (PEPE) has been on a sustained uptrend since mid-April despite the instability witnessed across the broader market within this timeframe. Market data confirms that the meme coin sensation has recorded four consecutive intraday gains since April 20.
This trend occurred from April 20 to 23; from May 1 to 4; and from May 11 to 14.
Despite failing to engineer a similar streak this week, Pepe soared by 45.86% on May 21 and 22 while the rest of the market faced a pullback. Recall that the frog-themed meme coin hit a new all-time high of $0.00001161 two weeks back.
Pepe secured another all-time high last week when it rallied to $0.00001577 on May 25. This price upswing bucked the overall bearish trend in the market triggered by Bitcoin’s (BTC) retracement from the $71,000 high on May 20.
Pepe has surged 75.88% over the last seven days, making it the biggest gainer among the top 100 assets during this period. The meme coin is now in a price discovery phase, commanding a 24-hour volume of $1.946 billion at press time, the seventh-largest in the crypto market.
Pepe’s Accumulation/Distribution metric confirms that last week’s upsurge was triggered majorly by massive demand. The metric held a value of 615.79 trillion PEPE as of May 19, but spiked to 775.91 trillion tokens by the end of the week. PEPE now changes hands at $0.00001606, looking to secure its claim of this threshold.
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NOT collapses by another 10%
Notcoin began the week with a massive 16.1% slump on May 19.
The coin, first introduced in November 2023 as a closed beta within Telegram, was a victim of an intense selloff campaign shortly after its debut.
The token collapsed 55% after launch, as airdrop farmers trooped to cash in. Last week, this selloff campaign persisted.
Still, it gave up the opportunity to recover most of these losses on May 20, when Bitcoin and the rest of the crypto market saw an upsurge.
Notcoin only increased by a meager 2.57% and then continued its downward momentum in the days that followed.
The newcomer shed off another 10.63% from its value last week, closing the week below the $0.005 price territory.
A 10.01% recovery on May 25 was not enough to offset all the losses of last week. At its current value of $0.004964, NOT is down 86.76% from the peak of $0.0370 it clinched on Binance on the day of its debut.
ONDO clinches new ATH
Ondo (ONDO) was one of the best performers of the previous week. Like the broader market, the asset began the week on a bearish note, dropping 3.82% on May 19.
However, it rode on the market rebound effort to recover this loss, closing May 20 with an impressive 8.29% increase.
While the rest of the market retraced the gains that day, Ondo — the native token of the RWA tokenization platform Ondo Finance — saw a mild correction and then resumed its uptrend. It eventually clinched a new all-time high of $1.16 on May 24.
The asset has since surpassed this level, as it joins PEPE in price discovery mode. With a price of $1.28 at reporting time, ONDO is up 40.73% over the past seven days, making it the fifth-largest gainer within this timeframe.
The token has now recovered the 23% loss it suffered in April, up 71.88% this month.
However, Ondo’s position above the $1.28 level remains delicate, especially with a 77.29 RSI suggesting overbought levels.
The asset is due for a correction, but the bulls would need to find support at the 23.6% Fibonacci retracement level ($1.1873) to defend against any steep declines to the lower spectrum of the $1 threshold.
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PEPE 連續第二週創下新高 儘管這段時間內整個市場出現不穩定,但自 4 月中旬以來,PEPE (PEPE) 一直處於持續上升趨勢。市場數據證實,迷因幣自4月20日以來已經連續四個盤中上漲。 5月1日至4日; 5 月 11 日至 14 日。 儘管本週未能實現類似的連續上漲,但佩佩在 5 月 21 日至 22 日飆升了 45.86%,而其他市場則面臨回調。回想一下,兩週前,以青蛙為主題的meme 硬幣創下了0.00001161 美元的歷史新高。 。這款 Meme 幣目前正處於價格發現階段,截至發稿時 24 小時成交量為 19.46 億美元,在加密貨幣市場中排名第七。 佩佩的累積/分配指標證實,上週的上漲主要是由巨大的需求引發的。截至 5 月 19 日,該指標的 PEPE 價值為 615.79 兆個,但到本週末飆升至 775.91 兆個代幣。 PEPE 現在以 0.00001606 美元易手,希望確保其對這一閾值的要求。該代幣於2023 年11 月首次作為Telegram 內測版推出,在首次亮相後不久就成為激烈拋售活動的受害者。 ,該代幣暴跌55%。 %,然後在2019 年繼續保持下跌勢頭。抵消上週的所有損失。目前,NOT 的價值為 0.004964 美元,較其首次亮相當天在幣安上創下的 0.0370 美元的峰值下跌了 86.76%。 ONDO 鎖定新人 ATHOndo (ONDO) 是上週表現最好的球員之一。與大盤一樣,該資產本週一開始就看跌,5 月 19 日下跌 3.82%。漲幅,RWA 代幣化平台Ondo Finance 的原生代幣Ondo 出現溫和回調,然後恢復上漲趨勢。它最終在 5 月 24 日創下了 1.16 美元的歷史新高。截至報告時,ONDO 的價格為 1.28 美元,過去 7 天上漲了 40.73%,成為該時間段內第五大漲幅。 Ondo 在1.28 美元上方的位置仍然脆弱,特別是77.29 RSI 表明超買水平。 $1 門檻下限的情況。