One of the coins increased in price by almost 300,000%, and several others showed more than multiple returns. We've compiled a list of tokens that have risen significantly in the past 30 days.
Scholarship Coin (SCHO) - 298,857%
SCHO token has risen 298,857% in a month. Back on October 3 its price was about $0.05, and on October 7 it reached $6. The token is traded only on FinexBox exchange in pair with USDT.
The little-known Scholarship Coin project aimed to create a scholarship model that would reward students based on their performance at a recognized institution, according to the startup's Whitepaper. As conceived by the developers, the system would encourage students from around the world to perform better.
According to the developers' plan, SCHO is a Stablecoin that is supposed to be tied to the value of the U.S. dollar. However, as of Oct. 7, the coin's price remains at $7.
APTOS (APT) - 10,000%
The token rose from 1 USDT to 100 USDT, but then dropped just as quickly to the 7-8 USDT level. In a trading pair to the Binance Stablecoin, the token rose to 58 BUSD.
In addition to Binance, token trading was supported by platforms such as Huobi, Coinbase and FTX.
The cryptocurrency community was waiting for the launch of the new token, so in the first 6 hours the trading volume of this cryptocurrency reached more than $800 million. At the same time, against this background, the rate of another coin with the ticker APT - Apricot Finance, which has no relation to the Aptos network, also increased.
Brazil National Football Team Fan Token (BFT) - 492%
BFT cryptocurrency showed a 492% growth over the last month. From September 19 to September 29, it rose in value from $0.28 to $1.66.
BFT is a fan token for Brazil's national soccer team. Its holders can enjoy benefits such as communicating with the national team on the Bitci Fan Token platform, meetings and phone calls with one of the team's current players or legends, locker room access, watching matches in VIP areas and so on.
The growth of Fan Coins often occurs against the backdrop of important sporting events involving the team. Thus, the impact on the prices of these cryptocurrencies can be explained by the matches taking place this fall in the run-up to the 2022 FIFA World Cup finals, which will be held in Qatar in November and December.
Spain National Football Team Fan Token (SNFT) - 466%
Another fan token, SNFT, has shown significant growth over the past 30 days: its price rose 466% from September 22 to September 29, from $0.15 to $0.85. On Oct. 19, the token is worth $0.43 and is also traded on several crypto exchanges, including MEXC Global, XT.com and Bitci.
The Spanish national soccer team fan token is a BRC-20 standard cryptocurrency that fans of the team can use to participate in various club promotions and events, buy NFTs, receive fan awards and more.
Decentralized Social (DESO) - 283%
From September 20 to October 8, the token rose in value from $6 to $23, that is, by 283%. The coin is traded on Coinbase, CoinEx and Blockchain.com. On Oct. 19, the token's price is about $16.5.
Decentralized Social (DESO) is a blockchain designed to develop and support decentralized Web 3.0 social networks. The network was founded in 2019 and is supported by the DeSo Foundation, a nonprofit organization.
Mdex (MDX) - 266%
The cryptocurrency MDX rose 266% in value from $0.06 to $0.22 from Oct. 10 to Oct. 14. The token is traded primarily on the Mdex platform itself, but also on all leading exchanges, including Binance, Huobi, CoinEx, Hotbit and Gate.io.
MDX is the token of the decentralized cryptocurrency exchange of the same name, based on two networks: Huobi Eco-Chain and Ethereum. The token is used in several ways: as collateral for loans, as an asset for lending, and as rewards in the ecosystem and as a gas fee for all transactions on the platform.
Rich Quack (QUACK) - 253%
Between October 7 and October 13, the price of the QUACK token rose 262%. The coin is still worth well under $1, but its capitalization rose from $40 million to $145 million. QUACK is traded on platforms such as Digifinex, MeXc Global, Gate.io and LBank.
Rich Quack is a hyper-deflationary token based on the Binance Smart Chain (BSC) that aims to reward holders by "generating frictionless revenue." Holders do not need to place the token in a stack; profits are accrued by the smart contract.
The protocol generates returns with fees of 12% per transaction. 4% of each transaction is distributed to holders, and another 4% is given to the QUACK / BNB liquidity pool. 2% goes to pump and burn wallets to create an "ever-increasing price floor," and 2% goes to marketing and the developer's wallet.
Morpheus Network (MNW) - 234%
The MNW token increased in value by 234% from September 28 to October 18. Its price rose from $0.44 to $1.47 during that time. The coin is traded on exchanges such as KuCoin, BKEX, Gate.io and Uniswap (v3).
Morpheus Network is a platform focused on logistics and supply chain optimization using blockchain technology. Morpheus works with companies such as DHL, FedEx, SWIFT, Oracle and China Post, according to the project website.
Liquidus (LIQ) - 210%
LIQ token gained 210% from $0.2 to $0.62 from October 4 to October 19. The coin is traded on the Gate.io, PancakeSwap (v2), Cronaswap and ApeSwap exchanges.
LIQ is a cryptocurrency of the DeFi-platform Liquidus Finance. The total value of cryptocurrencies blocked in the protocol (TVL) is now more than $5 million, according to the platform's website. The project offers stacking, farming and other crypto-investment services with returns of up to 209% per annum.