Crypto Weekly Roundup: KAVA, BONE, PAXG, and LEO Rally with Top Gains
Despite a gloomy start to the week, the previous seven days have been profitable for Kava (KAVA) investors and traders. Bulls have pushed the price of KAVA from its 30-day low of $0.7599 to its current level of $0.9858 this week. By publication, however, bears had won, and the price of KAVA had fallen from $0.915 to $0.885.
The reduction in price and market capitalization of 3.17% to $388,083,996 suggests that investors are negative on KAVA and may be selling off their holdings.
The fact that 24-hour trading volume increased by 15.36% to $71,974,143 demonstrates that KAVA continues attracting attention and traders. This surge may indicate that some investors are using the current dip in price as a buying opportunity.
KAVA/USD 7-day price chart (Source: CoinMarketCap)
In the previous week, there has been a bull-bear scuffle on the Bone ShibaSwap (BONE) market, with prices swinging between $1.39 and $1.85. The bulls were in charge at press time, causing the BONE price to rise by 4.09% to $1.65 from its previous close.
If positive enthusiasm holds, the BONE price may continue to rise, perhaps hitting new highs and establishing fresh resistance around $1.75 or even $2.00 per share, but if negative emotion prevails, the price may correct and fall back to historical support levels around $1.50.
The market capitalization increased by 3.82% to $377,453,914, demonstrating the “buying frenzy” of bullish investors about BONE’s future potential. Nevertheless, since the 24-hour trading volume fell by 23.34% to $17,081,480, this might be ascribed to profit-taking by certain investors who purchased the stock at a lower price. Yet, the growth in market capitalization reflects the general optimistic feeling concerning BONE’s prospects.
BONE/USD 7-day price chart (source: CoinMarketCap)
Although beginning the week in the bull’s grip, PAX G (PAXG) had a modest drop in its price from the 3rd to the 10th of March, dipping to a low of $1,801.10, where support was formed.
Nevertheless, the market rebounded and proceeded to increase steadily for the remainder of the week, with bullish intervention propelling the PAXG price to an intra-week high of $1,944.84, which was matched in the previous 24 hours.
The bullish momentum was still strong at press time, allowing the price to rise 4,18% to $1,933.14 from its intraday low of $1,854.10. The traders’ expectation of a continued bull rise drove them to enter the market, resulting in increased market capitalization and 24-hour trading volume of 4.19% and 275.73%, respectively, to $524,195,660 and $74,409,038.
PAXG/USD 7-day price chart (source: CoinMarketCap)
Following a week of negative pressure that pushed the UNUS SED LEO (LEO) price to a weekly low of $3.34, bullish momentum has just resurged, with the UNUS SED LEO (LEO) price reaching an intra-week high of $3.52 in the previous 24-hours. The bullish strength was still strong at press time, with LEO valued at $3.52, a 3,23% increase from the weekly low.
The present price movement indicates that buyers are gaining market power, and if this trend continues, LEO might reach greater levels soon.
The market capitalization increased by 3.20% to $3,359,409,872 due to this move, suggesting increased demand for LEO tokens. Nonetheless, a 15.62% decrease in 24-hour trading volume to $1,004,797 indicates a short halt in trading activity.
LEO/USD 7-day price chart (source: TradingView)
The crypto market has been a rollercoaster ride this week, with bulls and bears battling it out for dominance. However, investors continue to show interest in coins like KAVA, BONE, PAXG, and LEO, indicating a potentially bullish future.
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