The crypto market continued its topsy-turvy performance last week, with several cryptocurrencies experiencing a brief spike last week and then shedding part of the gains.
But some altcoins have doubled their value in the past week after gaining more than 100%. The biggest gainer was Marinade MNDE which saw its value rise by 192% over the last week.
Marinade MNDE Rises 192%
This continued its massive run that started in late October and has seen its price rise from $0.050396 on October 20 to the current $0.222717. This represents gains of 351% in the last 14 days.
MNDE is the native token of Marinade Finance, a non-custodial liquid staking protocol built on Solana, and interest in the token has increased lately.
This is likely due to its introduction of Solana liquid staking and listing from several exchanges. Coinbase has also listed MNDE and now allows people to participate in the liquid staking of Solana through its exchange. However, MNDE has dropped slightly in the last 24 hours.
DOSE Surges 124%
Furthermore, the DOSE token has increased by 124% in the past seven days, according to CoinGecko data. The token, which has also seen its value increase by 106% in the last 24 hours, is currently on a hot streak.
The rally started on October 24 when it was $.006837. It is worth $0.01799 and looks poised even to go higher if its trajectory in the past 15 days is anything to go by.
DOSE is an ERC-20 token and the in-game currency for the OliveX fitness metaverse. The move-to-earn adventure platform Dustland is part of the metaverse and has seen increased activity over the week due to several missions and quests during the Halloween season.
Besides the quests and missions, it’s hard to tell why the DOSE token value has doubled in one week.
BAND up 120%
Another token that had a good week is BAND, the native token for Band Protocol. Its value increased by 120% in seven days, peaking at $3.37. It has dropped, losing 13.5% in 24 hours, and is worth $2.64.
Band Protocol is a cross-chain decentralized oracle, and the rise in its token value is likely due to new updates, such as the mainnet upgrade of the BandChaun on November 4.
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