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. (source: DailyHodl.com )