This week in the cryptocurrency market was particularly dynamic, driven mainly by the Federal Reserve’s decision to cut interest rates. On September 17, the Fed announced a 25 basis points reduction, marking its first rate cut of 2025. While Bitcoin remained relatively stable during this period, Ethereum and certain altcoins experienced short-term rallies as investors carefully navigated the shifting landscape. The most notable attention, however, was captured by a newly launched token that skyrocketed to prominence.
Weekly Winners
Aster [ASTER] made headlines as it surged over 1,500%, becoming the highest gainer for the week. Its launch coincided perfectly with the Fed’s rate cut, which spurred investor interest. Aster debuted at $0.58 and rapidly climbed by more than 500% within hours, pushing its market capitalization close to $1 billion. The rapid rise was further fueled by a significant endorsement from Binance founder Changpeng Zhao. Nonetheless, after reaching an intraday all-time high of $2, Aster saw a pullback of approximately 20%, indicating profit-taking by early holders. Despite this, the token maintains a bullish structure, with a potential demand zone around $1.50.
DeXe [DEXE] followed suit as the second-largest gainer, experiencing a 67.17% rise starting from a $7 base. This marked its longest winning streak since February 2024, breaking out from a period of consolidation. Driven by increased buy-side pressure, DeXe successfully surpassed critical resistance levels, particularly around the $9.51 mark, aligning with a Fibonacci retracement level. While the Relative Strength Index (RSI) suggests that the momentum may be stalling, as long as it holds above $9.50, the token could maintain its upward trajectory.
Story [IP] rounded out the top three winners, posting a 27% upswing to a price of $12.45. This NFT project has demonstrated consistent weekly gains, and it has recently broken through major resistance levels. Volume for Story increased to $290 million, suggesting persistent buyer interest, which could support further growth if momentum is sustained.
In addition to these major players, other altcoins saw notable gains, including APX [APX], which skyrocketed by 1,413%, CreditLink Token [CDL] soaring by 299%, and Hypurr Fun [HFUN], gaining 180%.
Weekly Losers
Conversely, certain tokens faced significant losses this week. Fartcoin [FARTCOIN] led the downward trend, plummeting 12.45% to $0.87. Since its peak in late July at $1.69, FARTCOIN has been entrenched in a downtrend, facing stiff resistance at the $1 mark. Without breaking through this level, the future appears bleak, with potential support around $0.80–$0.82.
SPX6900 [SPX] also struggled, declining 10.46% to $1.20. The token has been unable to gain traction, caught in a volatile loop below the $2 supply zone. Following an early September bounce, the price has slumped back, indicating that unless aggressive buying occurs, a retest of the $1.10 support seems imminent.
Raydium [RAY], another major player, fell 8.10% to close at $3.11. This continued its streak of lower weekly lows, reflecting a persistent bearish trend. After initially bouncing off a $3.70 high, the token failed to maintain upward momentum and broke through critical support levels.
The broader market also reflected significant sell-offs, with Troll [TROLL] dropping 42.5%, Collector Crypt [CARDS] going down 41.6%, and Four [FORM] depreciating by 38.9%.
In summary, this week proved to be a tumultuous period in the cryptocurrency sphere, marked by notable gains from select tokens alongside sharp declines for others. As the market continues to shift, traders are reminded to conduct thorough research and approach their investments with caution.
