Market
Biggest Crypto Gainers of the Week
The past week was a mix of everything the crypto market has to offer. Among the best-performing altcoins this week stood Akash Network (AKT), Kaspa (KAS), and Brett (BRETT). This is a combination of an Artificial Intelligence (AI) token, a meme coin, and a blockDAG structure asset.
BeInCrypto highlights that while these tokens rallied this week, here is what you can expect from them going forward.
Akash Network Marks a Sharp Rise
The rise in Akash Network’s price was unexpected, capitalizing on the positive momentum in the broader market. AKT surged by 33% last week, climbing from $2.6 to $3.6.
This increase propelled the altcoin to a multi-week high, though it remains focused on surpassing the $3.7 mark to potentially reach $4.0. A further recovery seems likely if the crypto market’s bullish trend persists.
Read More: 11 Cryptos To Add To Your Portfolio Before Altcoin Season
However, if AKT fails to break through the $3.7 barrier, its price could decline to $3.38 or lower, negating the current bullish outlook.
Kaspa Leaves a Dent
Given its sustained bullish trend, Kaspa’s price could potentially reach a new all-time high next month. The uptrend that started in early May continues, with KAS currently trading at $0.177, positioning it to capitalize on this momentum. In the last seven days alone, the altcoin has marked a 22% rise.
The current all-time high is $0.193, and for Kaspa to surpass this, it must first break through the $0.184 level. Converting this resistance into support could provide the necessary push for KAS to establish a new ATH.
Read More: Kaspa (KAS) Price Prediction 2024/2025/2030
However, having failed to close above this resistance three times in the past four months, history may repeat itself. If this occurs, KAS may consolidate above $0.162.
Brett, the Unexpected Star
Brett’s price registered a remarkable performance. Built on Coinbase’s BASE chain, the meme coin witnessed substantial gains this week. In early June, Brett surged by over 132% before being corrected. Over the past week, this bullishness revived as the meme coin outperformed many of the top coins to note a 14% rally.
BRETT’s all-time peak is $0.195, and there’s speculation that the meme coin could surpass this mark. Given the ongoing enthusiasm and demand for this altcoin, it might continue to thrive.
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However, considering the historical volatility of meme coins, there remains a possibility that this attempt to break through could falter. Therefore, a potential decline to $0.140 cannot be ruled out, and a drop below this level would challenge the bullish outlook.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.