Five under-the-radar crypto assets are in a hot streak, up by 144% or more over a period of one week as the digital asset market continues to rally.
One of the best-performing altcoins this week is Function X (FX), which currently holds a market cap of $314 million. The project aims to mirror traditional financial products on its protocol while building decentralized financial products and a decentralized trading system.
Data from CoinGecko shows that the Ethereum-based crypto asset soared 402% from a 7-day low of $0.44 to a high of $2.12. The altcoin has retraced since and is now trading at $0.78.
Next up is Vectorspace AI (VXV) a blockchain platform focused on powering advanced approaches to machine learning (ML) and artificial intelligence (AI). The crypto project climbed from a seven-day low of $3.47 to its all-time high of $10.94, representing a price jump of over 215%.
The third cryptocurrency seeing a major rally this week is Bitcoin Cash ABC (BCHA), which holds a market cap of $5.84 billion. BCHA, designed as a means of payment, rose from a low of $114.51 to a high of $345.96 in just seven days, marking a 202% increase.
Although the value of BCHA grew 3x in a span of one week, it is still down nearly 20% from its all-time high of $378.12.
Another red-hot altcoin as of late is Fantom (FTM), a network of custom blockchains that aims to power smart cities. From a low of $0.47, the token rallied to $1.16, surging by 144% within seven days.
At time of writing, FTM is trading at $1.04.
The fifth crypto making a major stride this week is aelf (ELF), which is a decentralized cloud computing network and business-oriented blockchain platform. In seven days, ELF ascended from a low of $0.36 to a high of $0.88 to mark an increase of 144%.
The coin has given up some of its gains and is trading at $0.68 at time of writing.
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
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/ mona redshinestudio/Charming Decor Art
