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Weekly Market Review: BTC, DOGE, WIF, RNDR, W

13d ago•

bullish:

bearish:

This week has been quite a busy one for the crypto space as evidenced by the recent movements by several cryptos. From Tesla integrating crypto payments, to several updates on different communities, this week has been quite a pleasant one for the crypto space.

Bitcoin Price Review

Bitcoin (BTC) is has seen slight gains this week as seen from its price movements over the period. As of press time, Bitcoin, trading at $63,782, had seen a 0.4% pump from its previous seven-day price, as its market cap stood at $3.1B during the same period.

Bitcoin’s consolidations can be attributed to massive liquidations on the crypto king thins week. Short side liquidations for Bitcoin stood at $12b as of May 1st, with analyst predicting a move to $71800, on the long side less than $1b to $58000.

#Bitcoin short side liquidations now at $12b with a move to $71800 – on the long side less than $1b to $58000. pic.twitter.com/hHZGBrlBah
— MartyParty (@martypartymusic) May 1, 2024

Dogecoin Price Review

Dogecoin (DOGE) is also among the top gainers in today’s session as seen from its price movements in today’s session. As of press time, Dogecoin, trading at $0.1605, had seen a 8% pump from its previous seven-day price, as its market cap stood at $23.1B during the same period.

Dogecoin (DOGE’s) pump can be attriobuted to recent developments involving the meme coin this week. The pump can be attributed to the recent integration of Dogecoin payments, by Elon Musk’d tesla firm which has seen renowned enthusiasm on the meme coin.

Tesla just updated payment options on their website! #Dogecoin pic.twitter.com/xWqEqS7zag
— Crypto Daily Trade Signals (@cryptodailyTS) May 5, 2024

Dogwifhat Price Review

Dogwifhat (WIF) is this week’s top gainer as seen from its price movements in today’s sesion. As of press time, Dogwifhat, trading at $3.34, had seen a 22.8% pump from its previous seven-day price, as its market cap stood at $3.3B during the same period.

Dogwifhat’s pump can be attribute to the recent surge in dog meme coins. Dog-themed cryptos dominated the meme coin circuit this week, with Dogecoin, Dogwifhat, and Floki stealing the week’s realm light.

5 of the top 6 memecoins in the world are dogs

Imagine fading the top $DOG coin on the largest blockchain in the world pic.twitter.com/yyy8wQJDBN
— Leonidas (@LeonidasNFT) May 4, 2024

Render Price Review

Render (RNDR) is this eek’s second top gainer as sen from its price increase over the last seven days. As of press time, Render, trading at $9.3, had seen a 22.04% pump from its previous seven-day price, as its market cap stood at $3.5B during the same period.

The pump in the render price can be attributed to the initial community vote for RNP-014: Integration of Blender Cycles in the Render Network is now closed. Recently, the community announced that the proposal passed with 100% Approve votes.

[1/4] The initial community vote for RNP-014: Integration of Blender Cycles in the Render Network is now closed!

The proposal passed with 100% Approve votes (including RENDER & RNDR)

RNP-014 now moves onto internal review by the @rendernetwork team.
— The Render Network (@rendernetwork) May 2, 2024

Wormhole Price Review

Wormhole (W) is also another top gainer in today’s sesion as seen from its price movements over the period. As of press time, Wormhole, trading at $0.6682, had seen a 12.4% pump from its previous seven-day price, as its market cap stood at $1.5B during the same period.

Wormhole’s impressive performance over the week can be attributed to a recent development last week that saw the token garner massive attention. On April 25, the token’s community announced that Wormhole’s W token is now natively multichain using the Wormhole Native Token Transfers (NTT) framework.