Dogecoin May Have Stolen The Limelight — But These Minor Cryptos Also Struck Big Gains Last Week

Zinger Key Points

Dogecoin almost doubled in price over the last week, emerging as top gainer for the week.
Other notable gainers included KLAY, MINA, CHZ and SAND.
The memecoin's rise was precipitated by Elon Musk's takeover of Twitter.
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Dogecoin DOGE/USD surpassed the weekly gains of larger cryptocurrencies — Bitcoin BTC/USD and Ethereum ETH/USD — to emerge as the top gainer of the week ended Oct. 31.

Here is a roundup of some cryptocurrencies that saw upwards movement in the week.

Top Gainers of Week Ending Oct. 31, 2022 (Data via CoinMarketCap)
Cryptocurrency	7-Day % Change (+/-)	Price (Monday, 12:00 a.m. EDT)
Dogecoin (DOGE)	+103.7%	$0.12
Klaytn (KLAY)	+54.5%	$0.30
Mina (MINA)	+28%	$0.69
Chiliz (CHZ)	+26.7%	$0.23
The Sandbox (SAND)	+20%	$0.90

Dogecoin (DOGE): The bellwether memecoin soared last week after Tesla Inc TSLA CEO Elon Musk completed his purchase of Twitter. The buzz around Dogecoin built up as it was reported earlier that the social media firm was moving closer to Musk’s vision of transforming into a super app akin to China’s WeChat. Musk is a known DOGE-bull and there is speculation that if Twitter introduces a cryptocurrency wallet, Dogecoin could emerge as a default currency on it.

Klaytn (KLAY): The token related to the metaverse and gamefi-focused public blockchain soared amid a slew of announcements from the project and others. Klaytn said Decentralized Exchange aggregator Swapscanner has joined its governance council.

Meanwhile, OKX said it would enable KLAY margin trading and savings last week.

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Mina (MINA): Mina Foundation, the body behind the Mina Protocol, said that it is attracting new developers to its network. The Foundation announced an award of over 75,000 MINA and $30,000 in USDC to 57 grantees for advancing and supporting the ecosystem in the second quarter.

Chiliz (CHZ): The token related to a Sports and Entertainment-related blockchain said it was introducing its Chiliz Chain 2.0 Developer Guide & GitHub repository. The project said that the “Scoville: Phase 4” testnet went live on Monday.

The Sandbox (SAND): The Sandbox, a game where players can immerse themselves in the metaverse, saw its token soar last week. It was announced last week that the fashion brand Gucci’s real estate in the Sandbox metaverse called Gucci Vault Land would be launched on Oct. 27. Gucci’s experimental concept store can be explored through Nov. 9.