The cryptocurrency market experienced a dynamic week, showcasing notable fluctuations in both gains and losses across various assets. On the winners’ side, Virtual Protocol (VIRTUAL), Aave (AAVE), and Chainlink (LINK) delivered impressive returns, reflecting strong market sentiment. However, memecoins, led by Dogwifhat (WIF), Brett (BRETT), and Bonk (BONK), faced steep declines.

Virtual Protocol emerged as the week’s top performer with a remarkable 39.8% gain, propelled by sustained buying pressure and robust trading volumes. Starting the week at $1.70, the token surged to $2.45 by midweek, stabilizing despite minor profit-taking. This upward momentum underscores growing investor confidence and interest in Virtual Protocol, as its trading volume peaked at $205 million before tapering slightly by week’s end.

Aave followed as the second-highest gainer, climbing 29.49% over the week. Its rally began modestly but accelerated on December 12, with a sharp 21.2% jump that pushed the price to $367.10. While minor selling pressure emerged later, Aave maintained its bullish structure, closing at $365.49. Analysts highlight $340 as a key support level, with potential for further upside if it sustains momentum above $360.

Chainlink recorded a solid 12.66% increase, despite facing significant intraday volatility. After a 5.23% gain early in the week, LINK briefly dropped 14.57% to $22, reflecting profit-taking. A recovery on December 12 saw the token rise to $29.00, supported by surging trading volumes. By week’s end, LINK had consolidated at $29.11, maintaining a bullish outlook. Technical indicators, including its position above the 50-day moving average and an RSI near 69, suggest cautious optimism for further gains.

Outside the top 100 cryptocurrencies, Black Agnus (FTW) led gains with a staggering 4,318% increase, followed by Solvex Network (SOLVEX) and Peezy (PEEZY), which surged 3,965% and 2,158%, respectively.

Conversely, memecoins struggled throughout the week, with Dogwifhat emerging as the biggest loser, plunging 27.07%. After an initial 4.18% drop, WIF faced consistent selling pressure, ending the week at $2.844. The asset’s fall below its 50-day moving average signals a bearish reversal, with the 200-day average near $2.32 now serving as critical support.

Brett followed closely with a 23.79% decline. The token faced a steep drop on December 9, falling to $0.17 before closing the week at $0.16. Its market capitalization also contracted by over 8%, reflecting weakened investor sentiment.

Bonk mirrored these struggles, recording a 23.32% weekly drop. Starting at $0.00004590, it faced a sharp 15% correction, closing at $0.00003645. Technical indicators point to ongoing bearish momentum, with the token trading below its 50-day moving average but finding potential long-term support above the 200-day average.

Outside the top 100, HarryPotterObamaSonic10Inu 2.0 (BITCOIN) led losses with a staggering 99.91% decline, followed by Trumpwifhat (TRUMP) and MICHI, which both saw losses exceeding 99%. The week’s results underscore the market’s volatility, highlighting both opportunities and risks for investors.