Key Points
- The top gainers of the past week are PUPS, GOG, BFIC, ONG, BMX, and the tokens saw impressive price surges amidst an extremely volatile market.
- The tokens managed to surge by approximately 94%, 80%, 39%, 30%, and 29% respectively.
The crypto markets seem to be rebounding after a tough weekend that saw a sudden price drop due to the potentially escalating conflict in the Middle East.
The sharp decline in crypto prices was attributed to the investors' expected consequences of war, and as the markets plummeted, lightly leveraged positions were liquidated. This resulted in a downward pressure on prices.
Some analysts even drew parallels to the similar selloff that we saw back in 2020 during the onset of the pandemic or the start of the Russia-Ukraine war.
But, the important thing is that Bitcoin managed to rebound, and it seems on the way to recovery. At the moment of writing this article, BTC is trading above $66k, up by about 2% in the past 24 hours on CoinMarketCap.
As Bitcoin's price usually dictates the move of the market as a whole, below, we list the top five gainers of the past week. These coins managed to see impressive price surges, regardless of the high market volatility.
Top 5 gainers of the past week
Here are the top five tokens that saw impressive price surges in the last seven days.
PUPS (Ordinals)
PUPS is now trading at $68, and the token is up by more than 94% in the past seven days on CoinMarketCap. PUPS' total market cap is over $531M.
As noted recently, PUPS saw its price surge amidst the huge excitement for the upcoming Bitcoin halving event, which is scheduled for April 20. The date will also mark the start of Runes protocol as well.
Pups is using the Ordinals protocol on Bitcoin and, as Bitcoin Ordinals are drawing increased attention these days, this is mirrored in its price.
Ordinals are a way to embed data into the Bitcoin blockchain by inscribing references to digital art into small Bitcoin-based transactions.
Guild of Guardians (GOG)
GOG is currently priced at $0.24, and the token is up by more than 80% in the past seven days, according to data from CoinMarketCap. GOG has a total market cap of almost $135M.
Guild of Guardians is a multiplayer fantasy-action RPG on Immutable X.
The game’s vision is reportedly to become the world’s most popular RPG, where players can assemble a set of Guardians and earn rewards in the process. By combining fun gameplay that will be played on mobile with play-to-earn mechanics, Guild of Guardians aims to build an in-game economy that will be compelling for players to participate in.
GOG is the in-game currency of Guild of Guardians, and it's used for the following purposes:
- To align the incentives of players, developers, and content creators.
- To pay for in-game purchases and rewards
- Players can earn gems from staking and use them to participate in governance and voting
The total supply of GOG is 1 billion.
Blockchain Foundation for Innovation and Collaboration (BFIC)
BFIC token is priced at $14 and the coin is up by about 35% in the past seven weeks on CoinMarketCap. BFIC has a total market cap of approximately $150M.
BFICoin is the native token of Blockchain Foundation for Innovation & Collaboration (BFIC) blockchain.
BFIC is a proof-of-authority (PoA) blockchain network with an innovative and universal ecosystem that comprises decentralized modules of various industries, including, but not limited to, entertainment, sports, gaming, e-commerce, and travel and tourism.
The foundation developed and patented the PoC (proof-of-contribution) consensus protocol in order to resolve scalability, reward assessment, and computation problems faced by PoS and PoW protocols.
Ontology Gas (ONG)
ONG is currently priced at $0.55, and the token is up by more than 30% on CoinMarketCap in the past seven days. ONG has a total market cap of about $207M.
Ontology is a high-performance, open-source blockchain specialized in digital identity and data.
Its infrastructure supports robust cross-chain collaboration and Layer 2 scalability, offering businesses the flexibility to design a blockchain that suits their needs.
With a suite of decentralized identity and data sharing protocols to enhance speed, security, and trust, Ontology’s features include ONT ID, a mobile digital ID application and DID used throughout the ecosystem, and DDXF, a decentralized data exchange and collaboration framework.
Ontology adopts a dual-token model, with both ONT and ONG as utility tokens. Ontology decouples ONT and ONG to alleviate the risk of turbulent fluctuations of the native “asset” value on the gas fee.
BitMart Token (BMX)
BMX is now priced at $0.37 and the token is up by almost 29% in the past seven days on CoinMarketCap. BMX has a total market cap of almost $123M.
BMX, or BitMart Token, is a cryptocurrency created by BitMart exchange.
BMX runs natively on the Ethereum blockchain and follows the ERC20 token standard. The BMX token has been established with a total supply of 1 billion.
BitMart plans to use 20% of the profits each quarter to buy back and burn BMX, until 50% of the total BMX supply is burned.
These are the top five gainers of the past week. The crypto market expects more volatility in a tumultuous geo-political scenery and 4 days ahead of the Bitcoin halving, which is scheduled to take place on April 20.
However, the crypto industry received optimism from Asia as Hong Kong has reportedly announced the approval of the first batch of Bitcoin and Ethereum ETFs.
