Four Under-the-Radar Altcoins Skyrocket 111% or More in Just One Week as Crypto Markets Go Green
A handful of altcoins have outperformed the broader crypto markets by posting gains of over 100% or more over the past seven days.
One of the top-performing altcoins this week is the BTC Standard Hashrate Token (BTCST), an altcoin that allows holders to stake their tokens on-chain and earn Bitcoin (BTC) mining rewards.
Over the past week, BTCST has exploded from a weekly low of $7.19 to a high of $42.69, posting amazing gains of over 493% in just seven days. BTCST has since retired and is currently changing hands at $31.06.
Another hot token this week is Optimism (OP), a layer 2 scaling solution for the leading smart contract platform Ethereum (ETH). OP broke out from a seven-day low of $0.74 to a high of $1.96, representing a gain of more than 164% in just one week.
OP has also retreated from its weekly high and is trading at $1.70 at the time of writing.
Next is the automated yield farming protocol yearn.finance (YFI). The decentralized finance protocol rallied from a weekly low of $6,249 to a high of $14,239, up over 127.86% in seven days.
YFI has pulled back from its seven-day high and is exchanging hands at $11,863 at the time of writing.
The final altcoin on the list is Oasis Network (ROSE), a smart contract platform designed to prioritize privacy for open finance. ROSE surged from a seven-day low of $0.045 to its high of $0.095, up over 111%.
ROSE has corrected slightly from its high and is changing hands for $0.086 at the time of writing.
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Featured image: Shutterstock/Natalia Siiatovskaia/Mia Stendal
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