Dogecoin DOGE/USD surpassed the weekly gains of larger cryptocurrencies — Bitcoin BTC/USD and Ethereum ETH/USD — to emerge as the top gainer of the week ended Oct. 31.
Here is a roundup of some cryptocurrencies that saw upwards movement in the week.
|Cryptocurrency||7-Day % Change (+/-)||Price (Monday, 12:00 a.m. EDT)|
|The Sandbox (SAND)||+20%||$0.90|
See Also: 2022 Robinhood Review: Stocks and Crypto For Beginners
Dogecoin (DOGE): The bellwether memecoin soared last week after Tesla Inc TSLA CEO Elon Musk completed his purchase of Twitter. The buzz around Dogecoin built up as it was reported earlier that the social media firm was moving closer to Musk’s vision of transforming into a super app akin to China’s WeChat. Musk is a known DOGE-bull and there is speculation that if Twitter introduces a cryptocurrency wallet, Dogecoin could emerge as a default currency on it.
Klaytn (KLAY): The token related to the metaverse and gamefi-focused public blockchain soared amid a slew of announcements from the project and others. Klaytn said Decentralized Exchange aggregator Swapscanner has joined its governance council.
We’re happy to announce that @Swapscanner has joined our Governance Council (GC)
Swapscanner is a leading #DEX aggregator on #Klaytn that aims to support the expansion of Klaytn’s #DeFi ecosystem through prioritising user experience
Read more: https://t.co/dsl3W2X0Y1 pic.twitter.com/Peyh2n0klR
— Klaytn (@klaytn_official) October 25, 2022
Meanwhile, OKX said it would enable KLAY margin trading and savings last week.
#Listing update 🔗 https://t.co/aJois0ZtFa@klaytn_official $KLAY
USDT-Margined Perpetual Swaps (Up to 75x Leverage)
Available now on #OKX!
— OKX (@okx) October 27, 2022
Mina (MINA): Mina Foundation, the body behind the Mina Protocol, said that it is attracting new developers to its network. The Foundation announced an award of over 75,000 MINA and $30,000 in USDC to 57 grantees for advancing and supporting the ecosystem in the second quarter.
Mina is #PoweredbyParticipants thanks to active contributors from around the world who build tools, tech, our community, and more!
We are pleased to award over 75K MINA tokens and $30K USDC to 57 grantees for advancing and supporting the ecosystem in Q2.https://t.co/f8X0QdT63m pic.twitter.com/L5JWdZ2xSM
— Mina Foundation (@MinaFoundation) October 26, 2022
Chiliz (CHZ): The token related to a Sports and Entertainment-related blockchain said it was introducing its Chiliz Chain 2.0 Developer Guide & GitHub repository. The project said that the “Scoville: Phase 4” testnet went live on Monday.
Scoville Testnet Phase 4- CAYENNE is LIVE!
Introducing the Chiliz Chain 2.0 Developer Guide & GitHub repo
All the information you need to start building a local node is now available #ChilizScoville $CHZ
— Chiliz ($CHZ) – Powering Socios.com (@Chiliz) October 24, 2022
The Sandbox (SAND): The Sandbox, a game where players can immerse themselves in the metaverse, saw its token soar last week. It was announced last week that the fashion brand Gucci’s real estate in the Sandbox metaverse called Gucci Vault Land would be launched on Oct. 27. Gucci’s experimental concept store can be explored through Nov. 9.
Navigate through a magical space where past, present and future co-exist!
#GucciVault Land launches in The Sandbox on October 27https://t.co/gYDLhTgu4s pic.twitter.com/YzUwapaDB5
— The Sandbox (@TheSandboxGame) October 27, 2022
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