Four Low-Cap Altcoins Skyrocket 182% or More in Seven Days As Broader Crypto Markets Trade Sideways

Four altcoins with market caps below $1 billion managed to surge exponentially in worth inside seven days whereas bigger crypto property completed off 2021 with modest worth motion.

Recording huge good points over the previous week is Railgun (RAIL), an Ethereum-based challenge that goals to supply privateness for buying and selling and lending on decentralized exchanges (DEXes).

RAIL surged from a seven-day low of $1.33 to an all-time excessive of $4.15 on December thirty first for good points of 212%.

Joining the rallies is layer-2 scaling resolution Metis. The Metis protocol goals to supply decrease charges and quicker transaction occasions than Ethereum, whereas nonetheless retaining the safety of the main good contract platform. METIS exploded from a seven-day low of $85.33 to an all-time excessive of $265, representing good points of 211%.

Putting in an equally spectacular efficiency during the last week is LIT. LIT is an ERC-20 token and a local crypto asset on cross-chain identification aggregator Litentry community. LIT soared from a seven-day low of $0.001 to a excessive of $0.003 for a sizeable rally of 200%.

Not to be ignored is OpenDAO (SOS), a token meant to help artists and creators on the OpenSea non-fungible token (NFT) market. SOS was airdropped final week in accordance with the quantity of ETH spent by market customers.

SOS is up 320% because it was airdropped and is at the moment sitting on 170% good points during the last seven days.

In the identical timeframe, Ethereum (ETH), the second-largest crypto by market cap, moved down 9%. Similarly, Bitcoin (BTC) is down 6.5% in the previous week.

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Featured Image: Shutterstock/Eduard Muzhevskyi

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About the Author: Daniel