Hundreds and thousands of percent increase. The five most appreciated tokens in a week
The value of some cryptocurrencies more than quadrupled despite bitcoin falling below $50k.
Five tokens have more than quadrupled in value in the past week. Marginswap (MFI), Lydia Finance (LYD), SafeMoney (SAFEMONEY), Ispolink (ISP) and Cake Monster (MONSTA) showed rapid growth.
The value of the Marginswap token increased by 1025% over the week. The altcoin price reached a local high of $3.15. As of August 27, the cryptocurrency is trading at $1.49 and has a capitalization of $9.6 million, according to CoinGecko. The Marginswap token has appreciated by 1,557% in a month.
Marginswap is a decentralised trading protocol that supports over-collateralised loans, spot trading and leveraged token trading.
Lydia Finance (LYD)
The price of the Lydia Finance token has risen by 550% in the last seven days. The asset was trading at $0.078. On August 27, the token is trading at $0.047. Lydia Finance has gained 1,200% in one month.
Lydia Finance is an automated marketmaking, farming and stacking platform for Avalanche.
The price of the SafeMoney token rose by 411% over the week. On August 27, the cryptocurrency hit an all-time high of $0.000000044. During the month, SafeMoney token appreciated by 1886%.
SafeMoney is a yield and liquidity generating protocol. It taxes transactions, distributes 5% to holders and captures 5% liquidity.
Cake Monster (MONSTA)
The value of the Cake Monster token has risen 325% in the past seven days. On August 27, the digital coin trades at $0.0020 and has a capitalization of $12.2 million. The Cake Monster token has gained 540% in one month.
Cake Monster is a deflationary token that buys the token from decentralised cryptocurrency exchange Pancake Swap (CAKE) on commissions from transactions on the network.
The Ispolink token appreciated 333% in a week. On August 27, the cryptocurrency trades at $0.0039. The token's capitalisation has surpassed $6 million. During the month, the digital coin gained 465%.
Ispolink is a crosschain platform for developers, based on Binance Smart Chain and Polygon's Level 2 scaling technology. Ispolink allows blockchain companies to find potential employees using artificial intelligence.