Weekly Wrap: DOGE, MASK Record Triple-Digit Gains
After the lukewarm movements of the past two weeks, digital assets across the board are accumulating noteworthy gains. Memecoins are at the forefront of the positive movement and Tesla Founder Elon Musk’s Twitter acquisition prompted a Dogecoin price pump that appears to be contagious. Amidst the widespread gains, the total crypto market capitalization is still over the $1T mark, adding $48 billion over the course of the week.
Bitcoin has not been left out of the positive movement as the market’s leading cryptocurrency is nearing $21k for the first time in a while. The token crossed the $20.5k price point earlier and pressed further to hit $20,988 on Saturday. BTC has retraced since then and is currently trading at $20,473.
Ethereum has not seen much action in the past week. The token remained above the $1,500 price point for the majority of the past seven days. ETH briefly fell to $1,493 but recovered soon after. At writing the token is valued at $1,585, as it maintains a good distance from the $1k support levels.
Gainers: DOGE, MASK, CTC Accrue Important Spikes
Dogecoin (DOGE)
Amid Elon Musk’s acquisition of Twitter Inc., DOGE has gone on a steady rise. The Doge community continues to suggest that the billionaire Doge-enthusiast could soon very well integrate DOGE with the Twitter app.
Initially trading at $0.05 two weeks ago, the meme coin has gone on to rack more than 200% in gains and traded as high as $0.156 on the first day of November. It has since dropped to the $0.13 range.
Mask Network (MASK)
Web3 privacy network Mask Network’s MASK token was one of the week’s best performers with a 182.32% surge in value. MASK began charting bullishly as October drew to a close, the token nearly tripled its value in the last couple of days rising from $1.0921 to a peak of $3.23 where it continues to trade at writing. MASK has recorded a 3-month high with the recent movement and has grown 40.02% in the past day.
Creditcoin (CTC)
Creditcoin, the native token for lending platform Creditcoin network, added over 50% to its price in the last 7 days. The token traded sideways at the start of the week but began to rally not long after. CTC soared to a 90-day high of $0.6146 after initially trading at $0.3888. The token has since retraced to sit at $0.5944 at the moment, up 9.07% in the last 24 hours.
ABBC Coin (ABBC)
ABBC Coin closed October on a positive note after spending most of the month with the bears. The digital currency powering payments network ABBC witnessed its value amass gains of 47.64%. The token consolidated just under $0.2 for the first few days of the week but a Sunday surge in price led it past the resistance point. ABBC has climbed 20.29% in the last day, the crypto coin is currently worth $0.2761 and has hit a monthly high.
Forta (FORT)
Cyber security token Forta grew over 30% in the last few days to earn a spot with the week’s best performers. FORT traded at bottom levels until November 1 when the token’s price shot up with little warning. The digital currency peaked at a 30-day record of $0.2965 and retreated right after before experiencing some mild recovery. Forta is up 23.30% for a selling price of $0.2079at press time.
Losers: MDX, CSPR Yield Recent Gains to the Bears
MDEX (MDX)
The MDEX protocol’s native token MDX has seen its value crash by nearly 30% in the last seven days. The digital token has lost all gains from a recent price pump, placing it firmly in bear territory. MDX has continued to drop since the start of the week, moving from $0.17 to a weekly low of $0.115. The token has seen hardly any recovery and is valued at $0.1181 at writing, up 4.59%.
Casper (CSPR)
The digital currency fueling layer 1 blockchain protocol Casper cut 18.64% off its value this past week, dumping the gains from a previous rally. The coin attempted a slight correction on Sunday but ultimately failed. CSPR is worth $0.0393 after tumbling down from $0.04913 with a 4.74% decline in the last 24 hours.
Aurora (AURORA)
The Aurora protocol’s governance token AURORA fell 12.39% for a place with the week’s top losers. The token entered a decline halfway through October, and though a small resurgence late last week saw it briefly trade in the green, AURORA is back to dropping. The token hit a yearly low of $0.7235 not too long ago and may be on track to crash further, down nearly 5% for a trading price of $0.725 at press time.
Quant (QNT)
The Quant network’s local QNT token joined the week’s poor performers on account of a 9.07% decrease in price. Per the charts, during the course of its rough plunge the cryptocurrency attempted to regain more stable price levels, however, it failed each time. Quant recorded a weekly low of $159.97 but rests at a valuation of $160.70 at writing.
Kava (KAVA)
KAVA lost 8.14% of its value over the last seven days amidst some very volatile price action. The token started the week in the green but kicked off a decline not long afterward despite the Kava network’s recent liquid staking rollout following its mainnet upgrade. KAVA has fallen 3.64% over the past day and is worth $1.41 at the moment.
