Despite the wide correction in the crypto markets, the five cryptocurrencies rose from 100 percent to 285 percent in just one week.
At the top of the list is a decentralized network of devices that collect data anonymously with a geographic component. XYO Network (XYO) finds it. According to CoinGecko, the crypto asset with a market cap of over $590 million has risen nearly 285 percent in the past seven days, from a weekly low of $0.013 to $0.05. XYO is currently trading at $0.04.
Then, a privacy-focused decentralized blockchain platform for Open Finance, Oasis Network (ROSE) is coming. This week, the crypto asset ignited a 167% rally, rising from $0.12 to $0.32. Since then, the token has pulled back and is currently trading at $0.26.
An interoperable blockchain technology Quant (QNT) It is also among the top performers this week. The cryptocurrency rose more than 124 percent from a seven-day low of $190.48 to an all-time high of $427.42.
Quant gave up some of its gains and is currently trading at $376.06.
Algorand (ALGO) also experienced a large price increase this week. With a market cap of over $10 billion, the digital asset rose from $1.19 to $2.41, a seven-day low, gaining 102 percent in just one week.
Despite doubling in value in seven days, ALGO is still trading at $2.25, below its all-time high of $3.56.
The fifth altcoin to experience massive rallies this week, the artificial intelligence-powered blockchain project Velas’ token VLX. The crypto asset gained 100 percent from $0.09 to $0.18 in one week. At the time of writing, VLX is trading at $0.12.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.