Four altcoins that have been trending hard over the past week are significantly outperforming other crypto assets amid a marketwide rally.
One of the hottest altcoins in the last seven days is Conflux (CFX), a public blockchain that aims to connect Asian and Western communities and economies.
CFX rallied from a seven-day low of $0.14 to a high of $0.42 to mark a staggering 200% rise. CFX continues to trade near its highs as it is worth $0.41 at time of writing.
Next up is MASK, the Ethereum (ETH)-based governance token of the Mask decentralized autonomous organization (DAO). The Mask Network is a decentralized portal that allows users access to blockchain features on top of existing social networks.
The crypto asset surged from a low of $2.70 on March 13th to a weekly high of $6.66 for an increase of over 146%. Just like CFX, MASK is trading near its seven-day high as the altcoin is worth $6.51 at time of writing.
Another altcoin that’s on the up and up as of late is Stacks (STX), a layer-1 protocol that aims to enable smart contracts and boost the utility of Bitcoin (BTC).
The crypto asset skyrocketed from a low of $0.57 on March 12th to a weekly high of $1.30, representing a surge of more than 128%. Stacks has retraced since and is trading at $1.19 at time of writing.
The last coin on the list is ImmutableX (IMX), a protocol that’s designed to enable developers to build fast, scalable and secure applications for blockchain-based games and non-fungible tokens (NFTs).
IMX climbed from a seven-day low of $0.78 to a high of $1.59 to mark a rally of over 103%. The 45th-ranked crypto asset is also trading near its weekly high as the token is worth $1.53 at time writing.
Featured Image: Shutterstock/Digital Store/KWstudio
Read the full article here
Discussion about this post