Top 5 Gainers Of The Past Week: MGC, CVX, BAKE, RPL, MPLX

Key Points

• The top five coins of the past week with the most impressive gains are MGC, CVX, BAKE, RPL, MPLX.
• The tokens saw price surges of 571%, 57%, 47%, 33% and 32% respectively.

The past week was marked by intense volatility in the crypto market amidst important economic data in the US.

A more hawkish-than-expected FOMC meeting prompted investors to scale back their exposure to fixed-supply assets.

Bitcoin is currently trading below $66,000, down by 5% in the past seven days.

However, there are several tokens that saw significant gains over the past week.

Top 5 gainers of the past week

Meta Games Coin (MGC)

MGC saw the most impressive price surge over the past week of 571%. At the moment of writing this article, MGC has a market cap of almost $293 million.

The team behind the project announced via X on June 13 that SuperEx exchange in Vietnam will list the coin and open MGC/USDT trading pair.

MGC is a token that operates on the Binance Smart Chain as a BEP20 token. The coin was designed for a ranking platform, offering users the opportunity to play games and earn MGC coins.

Convex Finance (CVX)

Convex Finance (CVX) saw a price surge of 57% during the past week. Now, the total market cap of the coin is around $355 million.

Convex Finance is a DeFi protocol that allows Curve liquidity providers to earn a share of trading fees on Curve without staking liquidity there.

LPs can stake with Convex and receive boosted CRV and liquidity mining rewards. This offers CRV stakers with better capital efficiency, according to the team behind the project.

BakeryToken (BAKE)

BakeryToken (BAKE) is up by 47% in the past week. At the moment of writing this article, BAKE’s total market cap is $129 million.

On June 16, BakerySwap announced on X that BAKE was at the top of the gainer list on Binance.

BakeryToken (BAKE) was launched in September 2020, and it’s part of the BakerySwap ecosystem. Liquidity providers are rewarded with BAKE token which can be used to earn a share of BakeSwap’s trading fees to participate in voting as part of the BakerySwap’s governance process.

Rocket Pool (RPL)

RPL also saw impressive price surges during the past week. The coin surged by 33% and now, its market cap is about $539 million.

Rocket Pool is a decentralized Ethereum staking pool offering up to 4.33% APR for ETH2 staking. Users are able to join the Rocket Pool with its decentralized node operator network or run their own nodes with 16 ETH.

In the latter case, they can earn a commission from staking ETH and earn additional RPL rewards from providing RPL collateral, amounting to up to 6.36% APR for ETH and the additional RPL rewards, the team behind the project notes.

Metaplex (MPLX)

MPLX saw a surge of 32% in the past seven days. Now, the coin’s market cap is about $90 million.

On June 15, Metaplex shared a post via their X account about unlocking the power of immutability with Core. The guide explores how to secure crypto with unchangeable metadata, restrict the addition of new plugins, and ensure control over assets and collections.

Metaplex is a decentralized protocol for the creation, commerce, and use of crypto on the Solana blockchain.

Metaplex provides utility programs like Packs, Fusion, “Entangled” and Encrypted NFTs. Programs like Gumdrop and Hydra facilitate the distribution of tokens.

The Metaplex protocol has four components:

• The Digital Asset Standard
• The Metaplex Program Library (MPL)
• Advanced Developer Tools and SDKs streamline working with Metaplex
• MPLX is a utility and governance token for the Metaplex Protocol

These are the top 5 gainers of the previous week.