MOVD, UEC, IDS, ADOGE, KST: Top 5 crypto gainers of the week

Highlights

• Cryptos such as MOVE Network (MOVD), United Emirate Coin (UEC), Ideas (IDS), Konstrukt (KST), and AmazingDoge (ADOGE) were the top gainers between 18 April and 22 April.
• On 22 April, the crypto market cap stood at US$1.89 trillion, with a volume of US$106.45 billion.

The luck of the global crypto markets this week has been nothing short of a roller coaster. While a majority of top 100 crypto tokens didn’t manage to get any momentum, the likes of Bitcoin, LUNA, and MATIC did manage to register gains.

In the last seven days, Bitcoin managed to gain 0.83%, Luna was up by 14.36%, and Matic by 5.71. However, the blip in the market in the past 24 hours means that the global crypto market has dropped below the US$2 trillion mark. On 22 April, the global market cap stood at US$1.89 trillion, which marks a 1.72% decrease over the last day. But as the market cap has reduced, the overall volume managed to make a significant ground and was up by 15.84% to US$106.45 billion.

Also read: Why is IDEX (IDEX) crypto rallying now?

However, the trend wasn’t similar to other cryptos. The lesser-known tokens managed to outpace the leading ones and made a mark for themselves, gaining significant ground over the past week.

Let’s look at the top five gainers of the week who have made the biggest splash in the market.

MOVE Network (MOVD)

Mcap: US$30,318,111

MOVE Network aims to be one of the leading NFT aggregators going about in the market, offering an array of NFT products. Built on top of the Ethereum blockchain, the MOVD crypto offers NFT activities, such as trading, creation, etc. through its dynamic structure.

The MOVD crypto offers businesses the opportunity to integrate blockchain technologies to enhance their offering to their customers. According to the project’s whitepaper, users can create, own and trade NFTs in multiple sectors such as music, artwork, esports, etc.

MOVD over the past week or so has managed to register gains of over 1,138.09%, as per CoinMarketCap. MOVD crypto was gaining significant interest as it was still enjoying a rally of over 1,181.06% in the past 24 hours. The MOVD token was trading at US$0.047415 with a trading volume of US$1,728,622.

MOVD was witnessing a massive volume rally as well and was enjoying a spike of over 50,0959.13% over a day.

Also read: How long can the Exeedme (XED) rally sustain? 

United Emirate Coin (UEC)

Mcap: US$152,657

Dubbed the first crypto to be developed in the Middle East, the United Emirate Coin is powered by the Ethereum blockchain. Developed by the leading industry heads of the Middle East region, the UEC crypto is fully decentralised in nature keeping the transactions between the users.

It also boasts of wallet encryption, which offers the users protection against any possible threats or trojans. The UEC token has been on a high for the past seven days amassing gains of over 885.76%, as per CoinMarketCap.

The UEC crypto on 22 April couldn’t maintain its terrific run in the market as it was trading at US$0.009000 with a 24-hour trading volume of US$68,882.08. The 4594-ranked token was down by 0.13% over a day with a fully diluted market cap of US$179,784.

Ideas (IDS)

Mcap: US $1,900,845

IDEAS (IDS) is mainly a token that is aimed to change the perception of how people can fund their projects. As a decentralised and borderless project, the IDS crypto is powered by the Binance Smart Chain blockchain, which was founded by Adam Safwan and co-founder Ibrahim Cherri.

As a creative platform, it aims to bring investors, and entrepreneurs to one place who are interested in investing in various projects. The IDS token over the past week has managed to amass gains of over 572.27%.

Also read: What is the driving force behind ever-expanding DApp industry? 

The IDS token, at the time of writing, was trading at US$0.007172 with a 24-hour trading volume of US$1,844,132. IDS appears to be continuing its rally streak as it was up by 19.48% on Friday.

Konstrukt (KST)

Mcap: US$1,929,735

Built on top of the Binance Smart Chain protocol, the Konstrukt crypto offers play-to-earn solutions. The primary objective of the KST crypto is to reward the token holders and make it investing in cryptos a seamless process.

Also called the crypto casino, the KST crypto offers the users not only engagement but also gives them a sense of ownership through NFTs. This also offers them a chance to maximise their returns by trading in them.

The KST token in the past week has witnessed gains of over 545.38% and on 22 April was trading at US$0.000014 with a trading volume of US$119,077. The KST crypto was up by 278.54% in the past 24 hours and was having a fully diluted market cap of US$1,416,828.

AmazingDoge (ADOGE)

Mcap: US$8,262,746

The new mem-based crypto seems to be based on its predecessor Dogecoin. According to the project’s whitepaper, the ADOGE crypto aims to surprise the investors so that they have multiple chances of owning Dogecoins.

The project tries to establish its credibility by putting out a message that even though multiple fraud tokens and scams exist in the market, ADOGE has completed its KYC and contract audit with SP audit to win the trust of the community.

As it’s a new token in the market, there is very little info but going by its gains it seems to have caught the attention of the investors. ADOGE has already amassed gains of over 526.28% over the past week.

At the time of writing, the token was trading at US$0.000007 with a volume of US$1,800,342. ADOGE on 22 April was up by 97.80% over a day.

Conclusion

While seeing such substantial gains, market participants may be tempted to make hasty decisions, but it’s important to note that the participants must do their research thoroughly. As the crypto market is fickle, one must understand that the prices of cryptos can change at any given point in time. Therefore, one must tread carefully while entering the market.