Crypto Market Movers: MYX, WLD Surge; CRO, WLFI Decline
Key Takeaways
This week's crypto market presented a mixed bag of results. MYX Finance [MYX], Pump.fun [PUMP], and Worldcoin [WLD] led the pack with substantial gains, while Four [FORM], Cronos [CRO], and World Liberty Financial [WLFI] faced significant downturns.
The crypto market experienced a dynamic week. Bitcoin [BTC] maintained a steady position around $115,000, and Ethereum [ETH] approached $4,700. Solana [SOL] demonstrated notable resilience, attracting attention from both retail and institutional investors.
Stablecoins are approaching a $300 billion market capitalization. Investors are focusing on projects with demonstrable utility as they await the Federal Reserve's September rate decision.
Weekly Winners
MYX Finance [MYX] - DeFi Protocol Achieves Triple-Digit Growth
MYX Finance [MYX] topped the list of gainers with an impressive 200% rally, building on the previous week's 189% increase. However, after peaking at $19 on September 11th, the price has since corrected by over 50% to $10.70. The Relative Strength Index (RSI) indicates overbought conditions, suggesting a potential pullback.
Pump.fun [PUMP] - Memecoin Launchpad Extends Hype Cycle
Pump.fun [PUMP] secured the second spot with a 65% surge. The token reached a new all-time high of $0.008, following a 50% gain the previous week. Consecutive all-time highs suggest the coin is in price discovery mode, with a potential target of $0.010.
Worldcoin [WLD] - AI-Driven Token Breaks Out
Worldcoin [WLD] rounded out the top three with a 60% increase, its largest weekly gain since February 2024. The token surpassed $1 resistance for the first time in months, driven by FOMO. After hitting $2.21, WLD retraced to $1.6, indicating potential short-term hype rather than sustained bullish momentum. Bulls need to reclaim $2 to confirm continued upward movement.
Other Notable Winners
Several altcoins experienced significant gains this week:
- Hifi Finance (HIFI): 812% surge
- XDOGE (XDOG): 534% increase
- Naoris Protocol (NAORIS): 230% rally
Weekly Losers
Four [FORM] - Utility Protocol Marks Weakest Performance
Four [FORM] led the decline with a 40% drop, its worst weekly performance, pushing the price to a three-month low near $2.3. The daily chart shows a bearish trend, with the token failing to reclaim the $4 resistance level.
Cronos [CRO] - Native Token Fails to Break Resistance
Cronos [CRO] was the second-worst performer, down 7%. Despite the dip, charts hint at a potential bullish setup. After reaching a three-year high in mid-August, pullbacks have been shallow, with consolidation occurring between $0.20 and $0.30.
World Liberty Financial [WLFI] - DeFi Token Faces Major Resistance
World Liberty Financial [WLFI] finished as the third-biggest loser, down 2.5%. WLFI has been trapped in a volatile range since September, struggling to break the $0.25 resistance. However, the second dip carved the first higher low since launch, indicating a potential bullish signal if it holds above $0.20.
Other Notable Losers
The broader market saw significant downside volatility:
- Gems VIP (GEMS): 36% drop
- Etherex (REX): 26% decrease
- MBG by Multibank Group (MBG): 24% slip