Top 5 Gainers Of The Past Week: TRIBE, HASHAI, HIGH, BNX, HNT

Key Points

• The five tokens with the most impressive gains over the past seven days are TRIBE, HASHAI, HIGH, BNX, HNT.
• The tokens saw significant increases of 48%, 41%, 39%, 37% and 33%.

Five tokens have seen significant gains during the past seven days, as the total crypto market cap sits at $2.32 trillion, according to CoinMarketCap data.

Top 5 gainers of the past week

Tribe (TRIBE)

Tribe (TRIBE) token has witnessed gains of over 48% in the past seven days. At the moment of writing this article, TRIBE is trading at around $0.45 on CoinMarketCap. The total market cap for the token is almost $240.5 million.

Tribe is the governance token for the FEI algorithmic stablecoin. FEI aims to offer a new decentralized solution to the stablecoin market.

The existing stablecoins are either fiat-collateralized (centralized) or crypto-collateralized. FEI proposes a model that’s similar in design to fractional reserve central banking, where the protocol issues FEI for a subsidized price against ETH at its genesis event and uses ETH as a treasury to maintain the peg.

TRIBE is the governance token of the DAO controlling the governance of FEI. It can be used in governance proposals or swapped for FEI in a UniswapV2 liquidity pool.

HashAI (HASHAI)

HashAI (HASHAI) has seen gains of over 41% in the past seven days. At the moment of writing this article, HASHAI is priced at $0.001 on CoinMarketCap. The token has a total market cap of $141.5 million.

Recently, on April 25, the team behind the project shared an announcement on X, saying that they are celebrating a remarkable first month. They noted that the project has achieved milestones that set the stage for the scale and scope of their project and community.

The announcement addresses financial growth, token evolution, operational expansion, and strategic partnerships, along with community returns.

https://twitter.com/HashAI_Eth/status/1783600528024363209

The HashAI team establishes the infrastructure, partnerships, and distribution network, all needed by a mining company, according to the project. It encapsulates AI and mining, together with crypto and Web3.

The company uses AI and involves mining rig supplies, rig hosting, and GPU sales, along with a mining facility with more than 500 top GPUs.

The team developed an intelligent mining algorithm that maximizes hash power by selecting and mining the most efficient coins across the L1 blockchain in real time. The HASHAI token is the project’s coin.

Highstreet (HIGH)

Highstreet (HIGH) token is up by about 39% in the past seven days, and at the moment of writing this article, HIGH is trading at almost $4 on CoinMarketCap. The total market cap of the HIGH token is about $200.8 million.

The HIGH token is the native token of a decentralized commerce-centric play-to-earn metaverse that’s built with VR support.

The coin introduces a market where in-game items and be redeemed for real-world products. During gameplay, users can fight monsters and complete quests while acquiring goods that have digital and real-world utility.

The project aims to define a new generation of retail, according to their notes. The game also features a utility token, STREET, that’s acquired via the completion of tasks in the game. HIGH is a governance token, and STREET is the primary currency that allows commerce in the game.

BinaryX (BNX)

BinaryX (BNX) is up by about 35% in the past seven days. At the moment of writing this article, BNX is trading at $0.96 on CoinMarketCap. The total market cap of the coin is about $348 million.

BinaryX is the platform for the BinaryX ecosystem which includes the DAO and all products and games using BNX. The project began as a decentralized derivative trading system, and the team gradually evolved into developing decentralized video games amidst the rising interest of GameFi and metaverse gaming.

Helium (HNT)

Helium (HNT) token is up by almost 33% in the past seven days. HNT is now trading at $5.21 on CoinMarketCap, and the token has a total market capitalization of approximately $838 million.

Last week, on April 25, the Helium COO Scott Sigel spoke with Blockworks and addressed DePin and the ways in which the Helium community is able to solve real connectivity problems.

https://twitter.com/helium/status/1783575593688465875

Helium (HNT) is a decentralized blockchain-powered network for IoT devices. The Helium mainnet was launched back in July 2019, and it allows low-powered wireless devices to communicate with each other and send data across the network of nodes.

Nodes come in the form of hotspots, which are a mix of a wireless gateway and a blockchain mining device. Users who are operating the nodes mine and earn rewards in Helium’s token HNT.