Bitcoin

Ethereum

XDC Network

Casper

Bone

Shiba Inu

Gala

Optimism

<h2 id="header-0">Bitcoin (BTC) analysis</h2><p>This week has seen a struggle between bulls and bears, with several cryptos failing to post gains. <a href="https://blockchainreporter.net/bitcoin-price/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a>, the crypto king, has had a relatively slow week recording a weekly decrease of  0.7% as the asset now trades at $29K with a current market cap of $565,208,687,677, as the trading volume stood at $6.5B as of press time.</p><p>Bitcoins volatility for the week has been relatively stable as the Bollinger bands moved close to each other over the week. BTC’s relative strength indicator is now moving below its average line, indicating a bearish trend on BTC as the MACD indicator also hovers around its average line in a neutral position, showing the effort by bears over the week to claim <a href="https://blockchainreporter.net/market/" rel="noopener noreferrer nofollow">market</a> dominance.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/8baa010bdeac4cafa5ad549d611c50dd.png" />BTC 7-day chart | Source: <a href="https://www.tradingview.com/chart/mBPnB4WJ/?symbol&#61;BITSTAMP%3ABTCUSD" rel="noopener noreferrer nofollow">TradingView</a></p><h2 id="header-1">Ethereum (ETH) analysis</h2><p><a href="https://blockchainreporter.net/ethereum-price/" rel="noopener noreferrer nofollow">Ethereum (ETH)</a> has also had a relatively slow session as the asset’s weekly drop now stand’s at 2.2% as it trades at $1,831. Ethereum has a current market cap of $220,129,696,163, as the trading volume now stands at $2,730,087,864.</p><p>ETH’s volatility levels are also low as the Bollinger bands now move at a relatively close distance. The RSI indicator moves below its average line showing much bear activity across the week on Ethereum as bears pushed for dominance.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/bdfcb592adcb49cbb506c70205f74b89.png" />ETH 1-week chart | Source: <a href="https://www.tradingview.com/chart/mBPnB4WJ/?symbol&#61;BITSTAMP%3ABTCUSD" rel="noopener noreferrer nofollow">TradingView</a></p><h2 id="header-2">Shiba Inu (SHIB) analysis</h2><p><a href="https://blockchainreporter.net/shiba-inu-price/" rel="noopener noreferrer nofollow">SHIB</a> has also had a good week as the asset now sits on gains of 11% within a week as an asset now trades at $0.000009569 with a trading volume of $887,789,619 and $5.6B in market capitalization as of press time.</p><p>Shiba Inu’s volatility levels have however been stable over the week as the Bollinger bands maintained a close distance from each other. The RSI is also moving above its average line indicating great bull dominance over the week as the MACD also moves in the green zone.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/aa442190ee794cbbb88f3fa54bf9dceb.png" />SHIB 1-week chart | Source: <a href="https://www.tradingview.com/chart/mBPnB4WJ/?symbol&#61;BITSTAMP%3ABTCUSD" rel="noopener noreferrer nofollow">TradingView</a></p><h2 id="header-3">XDC Network (XDC) analysis</h2><p>XDC has also had a tremendous week, as the asset trades 17% above its previous week’s price with a current spot price of $0.06711. The asset’s trading volume currently stands at $20,941,657, and the market cap stands at $929M.XDC’s volatility levels have, however, been increasing over the week as the asset’s Bollinger bands now diverge away from each other, indicating rising volatility. The RSI is also moving high above the overbought region, displaying great bull dominance over the week as the MACD also moves in the green zone.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/e217f217989d4252bed4a0e61ba6064b.png" />XDC 1-week chart | Source: <a href="https://www.tradingview.com/chart/mBPnB4WJ/?symbol&#61;BITSTAMP%3ABTCUSD" rel="noopener noreferrer nofollow">TradingView</a></p><h2 id="header-4">Bone ShibaSwap (BONE) analysis</h2><p>BONE has also had an impressive week together with SHIB as the asset now trades 10% above its previous week’s price as the meme token now trades at $1.64. Bone has a current trading volume of $17M, as the market cap is $375M.Bone has also had a volatile week as the asset’s bollinger bands diverged away over the week. The RSI has been moving above its average line close to the overbought region as bulls showed great dominance over the week as the MACD also moves in the green zone.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/bca3b656f56c453d93b605743fc284a2.png" />BONE 1-week chart | Source: <a href="https://www.tradingview.com/chart/mBPnB4WJ/?symbol&#61;BITSTAMP%3ABTCUSD" rel="noopener noreferrer nofollow">TradingView</a></p><h2 id="header-5">Other top gainers this week</h2><p>Several other tokens have shown tremendous gains this week as Optimism (OP) leading the way with gains of 6% in valuation over the week to trade at $1.70 Gala (GALA) also registered gains of 3% over the week to now trade at  $0.02426. Casper (CSPR) has also not been left out this week as the asset trades 2.8% above its previous 1-week price as the asset now trades at $0.04026.</p>

Weekly Analysis: Meme Coins Gain Big as XDC Dominates Week

Table of Contents

BlockchainReporter

Other articles published on Aug 6, 2023

HON Stock Price Analysis: Bears Show Their Strength

Apecoin Price Prediction: APE Price regains the $2 mark, What next?

Dogecoin’s Path to Official Payment Processor on X

Bitcoin Hash Rate Surges: Impact on Price Outlook

Investor Shift: From Polkadot (DOT) Exodus to Borroe ($ROE) AI-NFT Marketplace Presale Fever

PFP NFT Category of OpenSea Attracting the Digital Art Lovers

Join our free newsletter for daily crypto updates!