In recent days, altcoin prices have made significant gains. This is partly due to higher-than-expected unemployment figures from the United States, which are fueling hopes that interest rates may be lowered this year.

Such a rate cut would make more money available in the economy, which would be positive for both stock and crypto prices. Today, let’s take a look at the biggest gainers in the crypto market.

1. Dogwifhat (WIF) biggest gainer of the week

The memecoin Dogwifhat (WIF) has risen remarkably strongly in the past week, with an increase of more than 22%. This altcoin has had a very volatile period.

On April 9, WIF almost reached $4.30, but then dropped to $2.15 within five days. Recently, Dogwifhat has recovered and the coin has risen back above $3.30, regaining the important price level of $3.

This rebound provides a solid foundation for the coin to prepare for another bull rally, with the $4 target being a crucial milestone for the altcoin.

2. Pepe (PEPE) climbs towards a new all-time high

The popular memecoin Pepe (PEPE) was the second biggest gainer last week with a price increase of 13.5% in seven days.

PEPE experiences significant price fluctuations: around April 24, the value rose to $0.000008, but dropped back to almost $0.000006 on May 1. After recent positive news about the US unemployment figures, the currency climbed back above $0.0000085.

Thanks to these recent gains, PEPE is now approaching its all-time high of $0.0000106.

3. Render (RNDR) shoots up

Finally, we take a closer look at Render (RNDR). This coin saw an increase in value of almost 7% in the past 24 hours, bringing the price back above $9.

Render focuses on distributing GPU computing power via blockchain and runs on the Solana (SOL) network. This project supports the development of future rendering and AI technologies.

Although the project has been around for almost four years, it reached a new all-time high of $13.17 last March.

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