Here are 3 altcoins that doubled their value in the past week, among those, the most gainer is Marinade (MNDE), which surged 192% compared to the previous weeks.
Marinade (MNDE) rose 192%
This altcoin has continued the uptrend that started in late October and has seen its price rise from $0.050396 on October 20 to $0.222717 on November 6, up 351% in the last 14 days.
MNDE is the native token of Marinade Finance, a decentralized liquid staking protocol built on Solana. Interest in this token has skyrocketed recently, due to the introduction of liquid self-stake and being listed on several exchanges. Coinbase has also listed MNDE and now allows anyone to participate in liquid staking Solana through their exchange.
However, MNDE has fallen slightly over the past 24 hours.
Dose (DOSE) rose 124%
The DOSE token is also on the top list gainer with a value up 124% in the past seven days, according to data from CoinGecko. However, the largest increase was recorded on November 6 with a boom of more than 106%.
The rally started on October 24 when it was at $0.006837. It is worth $0.01499 and looks poised to move higher if its trajectory over the past 15 days is sustained.
DOSE is an ERC-20 token and the currency in the OliveX fitness game. The move-to-earn adventure platform Dustland is part of the project and has seen increased activity during the week thanks to several missions in the Halloween season.
Aside from the missions, it’s hard to say why the DOSE token value doubled last week.
Band (BAND) rose 120%
Another token with great gains over the past week is BAND, the native token of Band Protocol. Its value has increased by 120% in seven days, reaching as high as $3.37. It is down 10% from the top and is currently trading at $2.84.
Band Protocol is a cross-chain decentralized oracle and the increase in token value can be attributed to new updates such as the BandChaun mainnet on November 4th.
(Reference: BeInCrypto)
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