Four Under-the-Radar Altcoins Soar 82% Or More In Just Seven Days As Crypto Markets Bounce
A handful of under-the-radar altcoins are posting huge weekly gains and outperforming the rest of the crypto markets.
One of the strongest performers in the digital asset space this week is LUNA, the original asset of the Terra hard fork designed to save the blockchain ecosystem after its original version imploded earlier this year.
LUNA skyrocketed from a weekly low of $1.80 to a high of $7.51 for an increase of over 317% in just seven days. LUNA has rebounded since and is trading at $5.73 at the time of writing.
The next coin to make big rallies this week is LOOMOLD, the stake and utility token of the Loom Network, an Ethereum-based decentralized application platform. LOOMOLD rose from a seven-day low of $0.042 to a high of $0.096, marking a 128% increase in just one week.
At the time of writing, LOOMOLD is changing hands for $0.092.
Another red-hot altcoin of late is VGX, the native token of bankrupt cryptobroker Voyager. VGX is up over 112% this week after rising from a low of $0.56 to a high of $1.19. VGX has corrected after posting its seven-day high and is trading hands at $0.92 at the time of writing.
The latest coin flying high this week is Ravencoin (RVN), a proof-of-work community-driven decentralized blockchain network designed to instantly transfer digital assets from one user to another. RVN went on a steep rally this week after rising from a seven-day low of $0.34 to a high of $0.62, representing an 82% increase.
RVN has given up some of its weekly gains and is valued at $0.50 at the time of writing.
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Featured image: Shutterstock/klyaksun/Abscent Vector
