A handful of under-the-radar altcoins post massive weekly gains and outperform the rest of the crypto markets.
One of the strongest performers in the digital asset space this week is LUNA, the native asset of the Terra hard fork designed to rescue the blockchain’s ecosystem after its original version imploded earlier this year.
LUNA skyrocketed from a weekly low of $1.80 to a high of $7.51, increasing over 317% in just seven days. LUNA has retraced since and is trading at $5.73 at the time of writing.
The next coin making big rallies this week is LOOMOLD, the staking and utility token of Loom Network, an Ethereum-based decentralized application platform. LOOMOLD surged from a seven-day low of $0.042 to a high of $0.096, marking gains of 128% in just a week.
At the time of writing, LOOMOLD is changing hands for $0.092.
Another red-hot altcoin as of late is VGX, the native token of bankrupt crypto broker Voyager. VGX is up over 112% this week after surging from a low of $0.56 to a high of $1.19. VGX has corrected this after posting its seven-day high and is swapping hands for $0.92 at the time of writing.
The last coin flying high this week is Ravencoin (RVN), a proof-of-work community-driven decentralized blockchain network designed to transfer digital assets from one user to another instantly. RVN went on a steep rally this week after surging 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 time of writing.