Top Three Weekend Gainers: ARRR, MATIC, and TEL

9 May 2021, 15:30 GMT+0000
Updated by Ryan James
9 May 2021, 15:30 GMT+0000
In Brief
  • ARRR, MATIC, and TEL see big gains over the weekend.
  • DOGE sees 32% slump following Elon Musk’s SNL feature.
  • BTC remains range-bound as altcoins enjoy gains.
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Following a strong weekend in the crypto markets, Pirate Chain (ARRR), Polygon (MATIC) and Telcoin (TEL) all saw the biggest gains within the top 100 cryptocurrencies.

The weekend saw bullish momentum in the market continue as altcoins enjoyed buying momentum. Bitcoin continues to range, allowing altcoins to enjoy gains. 

ARRR saw the biggest gains late into the weekend following a late price surge. The project saw a 47% gain on Sunday, claiming the top spot as the biggest gainer with 35%. 

MATIC was the second biggest gainer with a 26% while TEL gained 25% over the weekend. 

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Source: CoinGecko

Dogecoin dump sees altcoins pump

Big news of the day was dogecoin (DOGE) dumping in price. DOGE has enjoyed increased buying pressure ahead of Elon Musk’s Saturday Night Live feature. Following the recent all time high for the project this weekend, DOGE saw a 32% dump in price. 

Source: CoinGecko

The huge price drop on DOGE, featured over $280 million in liquidations to DOGE traders. With the largest DOGE order seeing $12 million being liquidated on Binance.  

Cardano (ADA) reaches all time high

Cardano also saw big gains over the weekend as ADA climbed to a new all time high of $1.80 at time of writing. ADA has leapfrogged Tether (USDT) to the sixth spot based on total market capitalization. With ADA now sitting at $56.8 billion market capitalization. 

Source: CoinGecko

Bitcoin ranging 

Bitcoin maintained its price over $57,000 over the weekend. Despite dropping on Sunday to $56,300. Saturday saw BTC reaching $59,600 before the correction on Sunday. 

However BTC dominance has remained at 45.7% as lack of major volatility allows altcoins to enjoy gains over the weekend. 

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