The cryptocurrency community over the past week has been making some gains after a couple of slow months. Only yesterday, the king of the cryptocurrency market Bitcoin made a drastic gain in value in which it almost breached the $7,000 barrier. The last month and the better part of this month have been about altcoins. In the altcoin market, there are a few hidden gems that surfaced by making some large gains in the September market.
Similarly, over the last week, the altcoin market saw some more gains from coins that came from the lesser-known altcoins in the market. The top three gainers of the last week were significant because their gains were on a constant throughout the week with no surges here and there. The overall trend of all three top gainers of last week is on the rise and more is expected of them.
Here are the
Top 3 gainers over the last week.
Moeda Loyalty Points (MDA)
The first coin on the list of the three top gainers of last week is Moeda’s token MDA. Moeda is a blockchain company that is trying to establish itself as the bank services provider of the cryptocurrency environment. The company is essentially a payment platform that allows users to pay and receive money. The platform is also expected to be peer-to-peer and so will provide peer-to-peer solutions to its users. Among the solutions they offer are peer-to-peer payment, peer-to-peer remittance and micro-loans for businesses.
As an incentive for users to stay on the platform, the platform has a loyalty token that is issued to its users. The loyalty token is called the Moeda Loyalty Point (MDA). The coin has 19 million coins in circulation and has a market cap of $ 37 million. The token is listed on many leading exchanges in the market including Binance and IDEX.
The price gain of the token began at the beginning of last week. On monday the coin’s trend started to move gradually upwards. The coin’s value started at about $0.5 USD on Monday, ie 9th of October, and ended the week at a high of $2.18 USD. The coin went up by almost 25 % in the span of seven days. The coin is still on a high going strong at $1.92 USD, at the time of writing.
The second coin on the list of the top three gainers is the Aeron platform’s native token ARN. Aeron is a blockchain solution to the world’s aviation problems. Aeron believes that the major contributing factor to the world’s aviation accidents is human error. And to cover up said human error, there is a lot of fudging of information. This fudging of information further leads to the same mistakes being repeated when, in reality, they can be totally avoided.
To the same effect, Aeron provides an application for all three users; pilot, corporates and flight safety schools and a database for storage of real-time, honest data on the blockchain. This keeps communication channels open between all parts of the industry and further keeps everybody informed of the mistakes made and how to thereby rectify them.
The native token of this platform is called ARN. The total supply of the ARN coin is around 20 million and the number currently in circulation is 13 million. The ARN token of the Aeron platform is also listed on multiple exchanges. Aeron’s token ARN has a market capitalisation of $8 million. And over the last week, the coin saw gains of almost up to 10%.
The price gains that ARN saw over the past week started on the 9th of October, ie the beginning of the previous week. Before the price hike began the coin was at a steady sub-$1 USD value of $0.5 USD. The coin then started to climb and then achieved its highest value of the week over the very next day, which was $0.955 USD. The coin maintained value for a while and has continued to do so for the current week as well, but throughout the gain period, the coin remained underneath the $1 USD barrier.
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The third and last coin on the top gainers of last week’s list is Modum’s native token MOD. Modum is a company that is working on supply-chain-management problems and finding feasible means and ways to make it better. The company has a host of products that essentially track your products movements and using advanced data analytic techniques gives you insights and predictions on how well or how badly a product is going to be received and subsequently do.
The native token of the Modum platform is called MOD. The total supply of MOD is 27 million coins and the number of coins currently in circulation in the market is 21 million. The coin has a hard market capitalisation of $21 million USD. Over the last week, the coin saw gains of almost up to 19% of its original value.
Like the other two coins on the list, the price gain for MOD also began on the 9th of October, ie Monday last week. But unlike the other coins, the hike was very gradual and almost insignificant in comparison. The coin entered last week at a $0.7 USD and went up to $1.40 USD as late as Sunday last week. But as it entered the next week, the coin saw a lot more gains in value and is currently holding steady at a value of $0.99 USD.
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