Key Highlights

The crypto landscape has been nothing short of exhilarating this week, with meme-centric cryptocurrencies like MemeCore (M), Stellar (XLM), and Mog Coin (MOG) skyrocketing in value, while Jito (JTO), Tokenize Xchange (TKX), and Maple Finance (SYRUP) faced significant downturns.

Bitcoin (BTC) broke through its $111,000 resistance, setting a new all-time high and igniting market momentum that many tokens rode. Notably, a groundbreaking Layer 1 blockchain dedicated to memecoins outperformed the market, boasting staggering triple-digit gains.

Weekly Winners

MemeCore (M) – A Comic Goldmine!

MemeCore (M) emerged as the star performer with an astonishing 830% surge from an opening of $0.09, reflecting a strong market endorsement of its vision to redefine memecoins. It began the week with an already impressive 71.59% increase, coinciding with Bitcoin’s bullish momentum. However, a swift pullback saw M lose 32% of its gains, currently stabilizing around $0.65 as volume has dipped.

Stellar (XLM) – Shining Bright!

Stellar (XLM) recorded an impressive 80% gain, marking a strong rebound following a challenging Q2 where it dropped to $0.20. XLM quickly reversed a minor dip, initiating a rally that culminated around the $0.45 mark, signaling renewed interest and profits for previously sidelined holders.

Mog Coin (MOG) – Memetic Magnificence!

Mog Coin (MOG), another memecoin champion, saw robust trading leading to a 78% increase, reaching a six-month high. Despite facing a momentary drop, MOG’s swift recovery indicates strong market potential, aiming for the next resistance level at $0.0000020.

Other Noteworthy Winners

Altcoins took the stage, with Manyu (MANYU) leading the pack with a jaw-dropping 543% jump, followed closely by Kori (KORI) and Hyperlane (HYPER), which soared by 326% and 318%, respectively.

Weekly Losers

Jito (JTO) – A Rocky Road Ahead?

Jito (JTO) found itself in the red, closing with a 3% dip from an opening of $1.90. However, its recent range consolidation between $1.70 and $1.95 suggests a possible accumulation phase, potentially setting the stage for a breakout if it can surpass the $2 mark.

Tokenize Xchange (TKX) – Down, But Not Out?

The trading platform Tokenize Xchange (TKX) sank to a five-year low at $1, following relentless bearish pressure. Encouragingly, a late-week rebound revealed buyers stepping in at extreme lows, hinting at a potential recovery, although reclaiming the $20 mark will be a tall order.

Maple Finance (SYRUP) – The Downward Trend Continues!

Maple Finance (SYRUP) continued its bearish trend after peaking near $0.63, starting this week with a 7.59% drop. Lacking sufficient buying strength, the outlook remains cautious unless tangible accumulation occurs.

Conclusion

This week in crypto has been a dramatic rollercoaster, filled with astonishing gains and painful losses. Whether you're riding high or feeling the crunch, always stay informed, be cautious, and trade wisely!