- Nervos Network (CKB) surged 18% after its listing on Upbit.
- Popcat (POPCAT) has seen significant volatility but remains up 40x since the launch.
- Quant (QNT) has experienced a strong price surge, breaking through key EMAs.
Bitcoin (BTC), the market leader, has surged over 10% in the past week. This bullish trend positively influenced the broader crypto market. By benefitting from this trend, cryptocurrencies like CKB, POPCAT, and QNT emerged as the top crypto gainers of the week.
Given their recent performance, these assets could continue to show positive momentum. They could lead to more green candles on the daily charts.
Let’s take a closer look at these top gainers of the week and analyze what they might do next on the charts.
Nervos Network (CKB)
Upbit, one of South Korea’s top four crypto trading platforms, recently announced the listing of Nervos Network’s native token, CKB. This news led to an impressive 18% rally in the altcoin’s price over the past 24 hours.
At press time, the CKB price was trading at $0.0106, with a staggering 589.60% increase in trading volume. It has reached $119 million. The altcoin’s market valuation stood at $475 million, ranking it the 115th-largest cryptocurrency on CoinMarketCap.
Over the past week, CKB has surged by 38.45%, and in the last 30 days, it has risen by 23.12%. Since September last year, Nervos Network has seen an extraordinary increase of 301.90%. The token has outperformed most cryptocurrencies in the digital asset space.
Given this strong performance, CKB can rise further, with resistance levels anticipated around $0.01400 and $0.02000.
Popcat (POPCAT)
As Bitcoin surged past $58K, Popcat (POPCAT) has gained significant momentum. With the help of this massive momentum, the token placed itself among the top crypto gainers of the week. With a market cap value of $631 Million, it has declined from its all-time high of nearly $1 billion.
Over the past month, the POPCAT price has fluctuated between $0.49 and $0.75, reflecting considerable volatility. Despite this, the token remains substantially higher than its initial launch price, achieving a 40x increase since February.
As of today, September 13th, Popcat was priced at $0.6434 with a 24-hour trading volume of $96.334 Million. The price has risen by 12% in the last 24 hours.
Analysts suggested a 40% price increase, possibly rebounding to the $1.0 range if market conditions improve.
Popcat could revisit its previous all-time high if the Solana ecosystem strengthens. It could potentially reach a new peak of $1.30 in 2024. Conversely, if the market turns bearish, the price might drop to key support levels of $0.480 and $0.429.
Quant (QNT)
Quant (QNT) has garnered significant attention with a notable price surge, pushing its value above $75. This week’s strong momentum has effortlessly propelled QNT past the 20-day and 50-day EMA bands.
In the past day, the QNT price has surged by an impressive 9%, driven by Bitcoin’s (BTC) recent move to $58,000 intraday. Quant continued accelerating despite BTC encountering slight turbulence at the $58K level.
After reaching a peak of $150 in the first quarter of 2024, QNT’s price fell sharply, dropping to $50 by August 5th. However, on the same day, a sudden surge in buying created a liquidity wick.
This pushed the price up in the last month of the third quarter. It resulted in a breakout from a long-term falling wedge pattern.
The price appears to be accelerating toward $91 in the short term. If the bullish momentum continues, it could break through the dynamic trendline and reach $150 by the end of October.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
