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With a wave of new investors and positive approaches from major financial organizations, cryptocurrencies have started to show movements again. Despite a bearish sentiment being showcased every now and then, several tokens have increased in price considerably. While investors have been speculating and hoping for the bear market to end, constant waves of volatility seem to have gripped the market for the time being
Some tokens, however, have managed to keep rising in prices due to several reasons over the week. Listed below are the cryptocurrency projects that have seen considerable pump in the past week.
1. Quant (QNT)
Created by Gilbert Verdian in 2018, Quant was launched to connect blockchain and networks on a global level without having to reduce the interoperability and efficiency of the network. It claims to be the first project to effectively tackle the interoperability issue through its blockchain operating system.
Quant had some major announcements and developments this week, which caused the token to spike in price considerably. On 23rd September, QNT, the project’s native token was listed on Coinbase Pro for trading, which exposed it to a wide pool of audiences. Moreover, it recently had an upgrade which allows for interoperability among distributed ledgers.
Due to this, the QNT token managed to rise more than 25% over the week and is currently trading at around $136 with a market cap of $1.6 billion.
2. Maker (MKR)
Launched in 2017, Maker is created to operate DAI, a community-based cryptocurrency that features a stable value soft pegged to the US dollar. MKR is the governance token of the Maker protocol and Maker DAO which is a software platform and decentralized organization respectively.
Maker has seen a considerable increase in prices, as investors have been flocking to buy the cryptocurrency following the drop in value of the Pound Sterling and several other economic issues that involve the devaluation of legal tenders. Due to this, the token’s price increased from around $659 to more than $766 within a week.
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3. Helium (HNT)
Helium is a very popular name in the IoT(Internet of Things) domain. Using the Helium mainnet, low-powered wireless devices can communicate and send data across the network of nodes. The project was launched in 2019 and has seen a considerable increase in popularity, owing to the earning possibility it brought to the table for those who could set up HNT miners within their homes.
HNT had decided to move their entire blockchain to Solana as the ecosystem would help with faster transaction speed and throughput. It also recently had a rebranding for the business front and named it Nova Labs, which acted as a catalyst for investors to speculate growth in the upcoming days. As a result, HNT pumped more than 12% within the last week and is currently trading at $5.18.
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4. Tamadoge (TAMA)
Tamadoge is a project that was launched recently in 2022 amidst the bear market. It managed to gain massive popularity and a huge community within a short period of time. As a P2E game platform that is fully integrated with the metaverse, Tamadoge boasts of several innovative features within its roadmap that have been widely embraced by the audience.
It also had one of the most successful, presales, and managed to raise more than $19 million within the period. The project is fairly new and has managed to touch upon every shortcoming of its contenders, which has helped TAMA, the project’s native token to grow in terms of demand considerably over the past couple of days.
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5. Ethereum Name Service (ENS)
Initially introduced as a part of the Ethereum Foundation, Ethereum Name Service or ENS become a separate business identity in 2018 under the leadership of Nick Johnson. It is an open, distributed, and extensible naming system completely based on Ethereum.
With ENS, Ethereum addresses like john.eth are converted into alphanumeric codes that are machine-readable. It has been gaining immense popularity recently, as masses speculate the use of ENS to grow considerably in the coming future. This led to an increase in the purchases of domain names, which has caused the demand for the ENS token to go up too.
ENS is currently trading at around $15.5, higher than its price a week ago around $13.8. The project currently has a market cap of more than $300 million.
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6. Chainlink (LINK)
Founded by Sergei Nazarov in 2017, Chainlink is one of the most popular cryptocurrencies in the space. It is a blockchain abstraction layer that enables smart contracts that are universally connected. Chainlink allows users to securely and freely interact with data feeds, payment methods and events with the help of a decentralized oracle network.
Chainlink’s market cap currently stands at around $3.8 billion, and is up more than 10% within the week, thanks to its launch of programs that reduce costs, ahead of its staking feature being introduced. At the time of writing, LINK is trading at around $7.86.
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7. Battle Infinity (IBAT)
Battle Infinity has been gaining much traction for not just the past week, but the entire month with the variety of developments it has been announcing to the investors. It is a blockchain NFT-based fantasy sports game, where users can create fantasy sports teams and win if rewards based on the performance of the players in real life.
Launched by Suresh Joshi in 2022, Battle Infinity has been seeing high demand in price following the launch of its staking feature, and celebrity endorsements. The token is expected to have an array of exchange listings too, which has caused investors to buy into the token more aggressively in the past couple of days.
At the time of writing, IBAT, the native token of Battle Infinity is trading at around $0.0034 and is being speculated to move further up in the upcoming weeks.
8. Uniswap (UNI)
Created by Ethereum Developer Hayden Adams, Uniswap is arguably the most popular Ethereum-based decentralized trading protocol. Popular for facilitating a smooth and efficient trade of defi tokens, the project aims to keep token trading completely open and automated for everyone, as long as they hold the required tokens.
Uniswap has enjoyed an 11% pump in the past week, taking its price from about $5.7 to more than $6.4 with a current market cap of more than $4.9 billion.
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9. Pancakeswap (CAKE)
Pancakeswap too, similar to Uniswap is an AMM(Automated Market Maker) which was launched in September 2020. It is a decentralized exchange that is used to swap BEP-20 tokens on the Binance Smart Chain. The DEX was launched by a group of anonymous developers with an apparent liking for pancakes.
The new roadmap introduced in July mentioned a lottery upgrade and fixed term staking features being changed to prove more beneficial for the community. The CAKE token has been pumping since the team has managed to stay active on their social media platforms and keep the community updated about any developments within the ecosystem.
At the time of writing, CAKE is trading at $4.88, up from its price around a week ago which was about $4.32.
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10. XDC Network (XDC)
XDC Network was founded in 2019 by Ritesh Kakkad and Atul Khekade. This enterprise-grade blockchain has interoperable smart contracts and is EVM-compatible. It was formerly known as the XinFin Network. With a delegated proof-of-stake (dPoS) mechanism and over 2,000 transactions per second, the XDC Network is a highly optimized fork of Ethereum that achieves consensus within two seconds.
The project has been making significant advancements in terms of company growth and partnerships. Its recent price hike could be tied to the latest partnership between XDC and ivendPay, which has caused the project to gain traction on several social media platforms.
At the time of writing, one XDC token is worth $0.03 up from its price seven days ago which was around $0.028. The project boasts of a $387 million market cap and has managed to go up by more than 9% within the past week itself.
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Source: https://insidebitcoins.com/news/a-list-of-top-10-crypto-gainers-this-week