Top 5 Gainers Of The Past Week: BEL, WMT, ENA, MUBI, TOSHI

Key Points

• The top five gainers of the past week are BEL, WMT, ENA, MUBI, and TOSHI, with some pretty impressive price surges: 142%, 86%, 72%, 65%, and 58%, respectively.
• The crypto market is seeing increased volatility ahead of Bitcoin’s halving and amidst various new projects that are making waves in the industry.

The crypto market is seeing high price volatility ahead of the important Bitcoin halving. Bitcoin managed to hit prices above $72k in the past 24 hours, and it’s currently trading at about $72,500, up by over 4.6% in the past day on CoinMarketCap.

This increase was primarily driven by fluctuations in the market, resulting in considerable damage to short positions.

Data from Coinglass shows that over $47 million in Bitcoin short liquidations occurred in the last 24 hours.

In the broader cryptocurrency market, liquidations of over $152 million were reported during the same period, with short positions accounting for around $107 million.

The crypto market is seeing increased volatility ahead of Bitcoin’s halving and amidst various new projects that are making waves in the industry.

Below, we’ll address the top 5 tokens in the past seven days that saw significant price rises in such a volatile and fast-paced market.

Top 5 gainers of the past week

Here are the top gainer coins from the past seven days.

Bella Protocol (BEL)

BEL rose by approximately 142% in the past seven days, and the coin is currently trading at $2.32 on CoinMarketCap, up by about 11% in the past 24 days.

Bella Protocol is a platform that provides a suite of DeFi products designed to make crypto banking simpler and more accessible.

The protocol aims to create a better user experience by eliminating the high fees and slow transaction issues that can affect some blockchain platforms. At the same time, its target is to enhance the user experience through its simplified DeFi smart portal.

Bella’s smart pool feature allows users to access the best yields available in the DeFi market while benefiting from nearly zero gas fees — since these are directly subsidized by the platform.

The project launched in September 2020 as the first project distributed via Binance’s Launchpool platform and has secured investments from several prominent firms, including Arrington XRP Capital and Ledger Capital.

Bella Protocol has a total supply of 100,000,000 BEL tokens and an initial circulating supply of 13,250,000 BEL.

The BEL token is an ERC-20 token that is secured by the Ethereum network. This is secured by currently secured by an extensive mining network, which acts to ensure the network remains in consensus about which transactions are valid, and which are not.

Recently, the team behind the project announced a strategic partnership with Manta Network following the successful Bella Protocol LP Farm launch on Manta and the deployment of a BellaStaking node.

Manta Network is a blockchain platform designed with a focus on scalability and privacy for decentralized applications (dApps).

World Mobile Token (WMT)

This is another gainer of the past seven days, and WMT managed to rise about 86% in this timeframe. At the moment of writing this article, WMT is trading at $0.42 on CoinMarketCap, up by over 5% in the past 24 hours.

Through blockchain and the sharing economy, World Mobile aims to provide Internet access, data protection, and economic freedom.

They plan to introduce a revolutionary business model that uses renewable solar-powered energy and unlicensed spectrum. By sharing the maintenance and operational costs with their users, they share ownership and allow for long-term sustainability of the network.

The integration of the blockchain creates a decentralized network run by the people, and guarantees total privacy for our users. The team also mentions the benefits of a digital ID that leads to economic freedom and banking for the unbanked.

They note that having a decentralized digital ID on the World Mobile network will create access to online banking, microcredit loans, and healthcare.

The use of Cardano’s Smart Contracts for the project allows fast transactions and low fees, instantaneous payout, accurate billing, transparent transactions, and higher security standards.

https://twitter.com/WorldMobileTeam/status/1777025815307264060

Recently, the team behind the project announced that they are committed to delivering affordable and reliable connectivity worldwide.

Ethena (ENA)

Ethena (ENA) saw a price rise of over 90% in the past seven days, and ENA is now trading at $1.32 on CoinMarketCap, up by almost 10% in the past 24 hours.

Ethena is a synthetic dollar protocol built on Ethereum that will provide a crypto-native solution for money that is not reliant on traditional banking system infrastructure, alongside a globally accessible dollar-denominated savings instrument — the ‘Internet Bond’.

Not too long ago, Ethena Labs announced on its X account that Ethena had successfully onboarded BTC as a backing asset to USDe.

The team sees this as a crucial move to enable USDe to scale significantly from the current $2 billion supply. USDe is the project’s synthetic dollar.

There’s been an ongoing debate about whether Ethena could see the same fate as Luna/Terra. Fantom co-founder recently warned about a Luna-like collapse for Ethena. Andre Cronje issued an article questioning whether USDe is the next UST.

Multibit (MUBI)

MUBI saw a rise in price by 65% in the past seven days. The coin is trading at $0.18 on CoinMarketCap, up by more than 12% in the past 24 hours.

MultiBit is the first-ever dual-sided bridge designed for easy cross-network transfers between BRC20 and ERC20 tokens.

Through promoting unmatched liquidity for these tokens, MultiBit heightens cross-chain interoperability. The team’s mission is to foster increased liquidity and accessibility for BRC and ERC tokens in a secure and user-friendly manner.

On X, the team has recently announced MultiBit Incubator Research – Runes Protocol, saying that the emergence of the Runes protocol on Bitcoin is generating important buzz in the crypto industry.

MultiBit powers BRC20 and rune ecosystem assets to be bridged amongst mainstream smart contract blockchains.

They also noted that Runes introduced a novel fungible token standard on Bitcoin that offers several improvements over the BRC-20 and ORC-20 standards, especially regarding efficiency and a streamlined token management system.

Runes tokens are based on Bitcoin’s Unspent Transaction Output (UTXO) model, which helps to minimize unnecessary UTXOs and supports more responsible UTXO management.

This advancement could not only attract considerable transaction fee revenue and capture the attention of developers but also potentially broaden the user base of Bitcoin.

Toshi (TOSHI)

TOSHI’s price managed to rise by about 58% in the past seven days. At the moment of writing this article, TOSHI is trading at about $0.0007, up by about 12% in the past 24 hours on CoinMarketCap.

On April 7, the team announced that there were 50k TOSHI holders, meaning that more than 50,000 blue cats were brought on-chain to the base.

Toshi is a newer token inspired by Brian Armstrong, the CEO of Coinbase, and his favorite feline companion.

These are the top five gainers of the past week, and the tokens managed to see some significant gains in the market.