Which altcoins were the biggest gainers in the crypto markets last week as two meme tokens topped the winners’ table with significant gains? Let’s take a closer look! Starting the week on a less positive note, ‘Bonk’ (BONK) soon witnessed a notable uptrend. Cryptocurrency price analysis shows it began the week with a downturn, trading around $0.000020.
BONK and PEPE
However, it experienced a significant uptrend throughout the week, reaching up to $0.00029 during the trading session on April 25. By the end of the week, it was trading around $0.00025. According to CoinMarketCap data, Bonk achieved the week’s highest gain with an impressive rise of over 28.4%. At the time of writing, it was trading around $0.000027 and its market cap had risen to over $1.7 billion, with a more than 10% increase in the last seven days.
Another meme token, Pepe (PEPE), also saw a significant increase in value last week. According to 21milyon.com data, it recorded the second highest gain with an impressive growth of over 26.5%. The price movement analysis revealed a pattern similar to BONK’s. It started the week on a less positive note, trading at about $0.0000059, but gained momentum throughout the week and was trading around $0.0000070 by the weekend. Further analysis shows that due to the price increase, its market value rose by over 8%, reaching about $3.2 billion at the time of writing. Pepe was also trading with an additional price increase, indicating that the positive momentum was continuing.
Hedera (HBAR)
Hedera (HBAR) experienced the third highest gain last week, with data showing nearly a 19% increase. The price rise was particularly notable due to confusion related to its connection with Blackrock throughout the week. Daily time frame chart analysis revealed that HBAR started the week with a 3% increase, trading around $0.089. However, on April 23, HBAR witnessed a significant price increase of over 73%, reaching approximately $0.15, linked to news surrounding Blackrock tokenization. Nevertheless, its price saw a rapid decline of over 20% on April 24, dropping to $0.12. By the weekend, the price had fallen to $0.10.
