Top 5 Gainers Of The Past Week: IPV, TRUMP, TRB, UMA, CEL

Key Points

• The top five gainers of the previous week are IPV, TRUMP, TRB, UMA, and CEL.
• The tokens saw significant gains over the past seven days of over 105%, 62%, 47%, 50%, and 30%, respectively.

Bitcoin’s price seems to have recovered after the past days’ losses, and BTC is currently trading above $63k. Although the coin is down by over 3% in the past seven days, BTC managed to regain more than 3% in the past 24 hours on CoinMarketCap.

The market experienced volatility during the past week, but there are some tokens that managed to see significant gains.

Top 5 gainers of the past week

IPVERSE (IPV)

IPV token recorded a surge in price of over 105% in the past seven days. Now, IPV is trading above $3, and the token has a market cap of over $470 million on CoinMarketCap.

The IPVERSE ecosystem aspires to contain every IP in every field, according to the team behind the project.

They are developing a blockchain-based IP comprehensive data service platform that offers and protects creation, information, and personalized data under the mission of “creating a world where everyone can easily trade IPs in various fields such as art, culture, and technology.”

At the base, IPVERSE creates an ecosystem where creator-centered data is collected, managed, and used.

Problems with fees and participation methods experienced in IP transactions will be resolved via IPVERSE and will ensure that creators and users alike have the right to enjoy content safely.

MAGA (TRUMP)

The TRUMP token saw a significant price rise of over 60% in the past seven days. Now, the token is trading above $7, and it has a market cap of over $330 million.

The MAGA (TRUMP) token brings the MAGA movement on the blockchain and the token was named after the former US president Donald Trump.

Tellor (TRB)

The Tellor (TRB) token saw a significant rise in the past seven days of over 47%. At the moment of writing this article, TRB is trading above $142, and the coin’s total market cap is about $365 million.

On May 8, the team at Tellor shared a thread on their X account, celebrating the first anniversary of the beginning of Tellor Layer project.

They revealed the core that will redefine the protocol of the project – the Architectural Decision Records (ADRs).

As we celebrate the first anniversary of beginning the Tellor Layer project, it's time to reveal the core that will redefine our protocol—the Architectural Decision Records (ADRs). A thread: pic.twitter.com/Yh7exeGY6g

— Tellor (@WeAreTellor) May 8, 2024

Also, on May 9, the team shared more Tellor fundamentals via X, noting that instead of being reliant on any specific API or source, Tellor offers a way to agree upon truth with a network of individual participants who are crypto-economically incentivized to report and validate accurate data.

https://twitter.com/WeAreTellor/status/1788479016850386986

Tellor is a decentralized oracle protocol. Oracles are an important part of blockchain infrastructure that update valuable off-chain data, and make it available for on-chain smart contracts.

Tellor’s oracle supplies data that can be requested, validated, and put on-chain permissionlessly, with data reporters competing for incentives of TRB. Data reporters bring valuable info on-chain for DeFi applications.

UMA (UMA)

The UMA token also saw a significant rise in price over the past week of over 50%. Now, the token is trading above $4, and the total market cap is over $353 million.

On May 10, on their X account, the UMA team posted that over $13.5 million were liquidated across Aave and CompoundFinance over the past 30 days, and $36.5 million were liquidated on MorphoLabs vaults.

They also noted that assuming a modest average discount rate of 5%, the protocols could have recaptured a combined total of up to $2.25 million in OEV revenue.

They also noted that liquidations are inevitable but the OEV losses do not have to be. The team at UMA introduced Oval, which is able to capture up to 90% of the OEV the lending protocol generates.

https://twitter.com/UMAprotocol/status/1788953688230220133

UMA is an optimistic oracle (OO) that can record any verifiable truth onto a blockchain. The project has been called a “human-powered truth machine” due to its flexibility to handle ambiguity and expand the design space in Web3.

The OO secures a diverse ecosystem of Web3 apps, including cross-chain bridges, insurance protocols, prediciton markets, and customizable DAO tooling products.

The UMA token can be purchased at most major centralized currency exchanges including Binance and Coinbase, and DEXs like SushiSwap and Uniswap.

Celsius (CEL)

The CEL token saw a significant rise in price over the past seven days of about 30%. Now, CEL is trading at $0.76 and the token has a market cap of over $181 million.

Celsius (CEL) is an all-in-one banking and financial services platform that was launched in June 2018. The platform provides rewards for depositing crypto, along with services such as loans and wallet-style payments.

Users regularly get payouts and interest on their holdings. The native token of Celsius is CEL, and it has a variety of functions, such as boosting user payouts if it’s used as a payment currency.

These are the five tokens which saw the most impressive gains over the past week.