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Recent Developments Surrounding Telegram Significantly Impacted the Performance of Toncoin (TON) and Notcoin (NOT)

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Release: 2024-08-26 06:12:19
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In contrast, Popcat has seen a strong performance over the past week, emerging as a leader among memecoins.

Recent Developments Surrounding Telegram Significantly Impacted the Performance of Toncoin (TON) and Notcoin (NOT)

Toncoin (TON) and Notcoin (NOT) both experienced significant losses in the past week, largely influenced by recent developments involving Telegram.

In contrast, Popcat (POPCAT) had a strong week, emerging as a leading memecoin with impressive gains.

Here’s a closer look at the biggest winners and losers.

Biggest Winners

Popcat (POPCAT)

An analysis of the Popcat [POPCAT] daily price chart reveals a strong performance over the past week, making it the biggest winner. According to data from CoinMarketCap, POPCAT soared by 77.43% in the past week.

The price trend analysis reveals that POPCAT began the week trading at around $0.40, initially experiencing a decline of over 7%. However, this trend quickly reversed, starting with a more than 7% increase the following day.

The most notable uptrends occurred on Thursday, 22nd August, and Friday, 23rd August, where the price surged by 30.79% and 27.16%, respectively.

By the end of the week, POPCAT’s price had risen to approximately $0.75 after an additional increase of over 1%.

These significant spikes shifted the overall trend to bullish, as reflected in the Relative Strength Index (RSI), which spiked above 60, signaling a strong bullish momentum.

Popcat’s market capitalization is around $718 million at the time of writing. However, its trading volume has declined by over 40%, now at approximately $91.3 million.

Artificial Superintelligence Alliance (FET)

Artificial Superintelligence Alliance (FET) emerged as one of the week’s top performers, recording the second-largest gains.

Despite a slow start, with its price around $0.8 at the beginning of the week, FET experienced significant uptrends in the following days. By the end of the week, its price had climbed to approximately $1.2, marking a substantial gain.

According to data from CoinMarketCap, FET saw a 46.81% increase over the week, driven by these positive trends. This growth also had a notable impact on its market capitalization.

At the start of the week, FET’s market cap was around $2.1 billion. However, by the end of the week, it had risen to approximately $3.1 billion, which remains as of this writing.

Despite the impressive price and market cap growth, FET’s trading volume has declined. Currently, its volume stands at around $213 million, a decrease of over 20%.

SATS (1000SATS)

SATS (1000SATS) was the third-highest gainer of the week, posting a 46.81% increase, according to data from CoinMarketCap. The price trend analysis shows that SATS had a strong start to the week, trading at around $0.00028.

Throughout the week, its price saw steady gains, culminating in a significant spike on 23rd August. By the end of the week, SATS was trading at approximately $0.0004.

This price surge also had a notable impact on SATS’s market capitalization, which reached around $826 million as of this writing. Despite the strong performance, trading volume has seen a decrease.

Currently, SATS’s volume is around $176 million, reflecting a decline of over 20%.

Biggest Losers

Helium (HNT)

After enjoying two strong weeks, Helium (HNT) experienced a significant downturn, becoming the biggest loser of the past week with a 17.66% decline.

The analysis shows that HNT began the week negatively, starting at around $7.8 and dropping to approximately $7.4 by the end of the first day. The downward trend continued throughout the week, ultimately falling to around $6.5.

This decline also had a noticeable impact on Helium’s market capitalization. At the start of the week, its market cap was around $1 billion, but it has since decreased by over 6% as of this writing.

Additionally, HNT’s trading volume has also seen a significant drop, currently standing at approximately $12.7 million—a decline of more than 30%.

Toncoin (TON)

Analysis of Toncoin [TON)] on a daily chart reveals a tumultuous week marked by significant price volatility. The week began positively for TON, with an almost 7% increase, bringing its price to around $6.8.

However, this initial upward momentum was sharply reversed by the end of the week.

The chart shows an over 11% decline at the week’s close, with

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