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Five cryptocurrencies have skyrocketed 100% or more in just one week despite the broader correction in the crypto markets.
At the top of the list is XYO Network (XYO), a decentralized network of devices that anonymously collects data with a geographical component. The crypto asset, which holds a market cap of over $590 million, surged nearly 285% from a seven-day low of $0.013 to a high of $0.05, according to CoinGecko.
Next up is Oasis Network (ROSE), a privacy-focused decentralized blockchain platform for open finance. The crypto asset ignited a 167% rally this week after climbing from a low of $0.12 to a high of $0.32. The token has retraced since and is now trading at $0.26.
Interoperable blockchain technology Quant (QNT) is also on the list of top performers this week. The crypto asset rose over 124% after rallying from a seven-day low of $190.48 to a fresh all-time high of $427.42.
Quant has given up some of its gains as it is now valued at $377.76.
Algorand (ALGO) is also seeing a price surge. The digital asset for decentralized finance (DeFi) with a market cap of over $10 billion soared from a seven-day low of $1.19 to a high of $2.41, marking an increase of 102% in just one week.
Even after more than doubling its value in seven days, ALGO is still down from its all-time high of $3.56.
The fifth altcoin that saw a major rally this week is the token of the artificial intelligence-operated blockchain project Velas (VLX). From a low of $0.09, the crypto asset ascended to a high of $0.18, representing gains of 100% in a week.
At time of writing, VLX is trading at $0.12.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Space creator/Dario Lo Presti