- Three altcoins flying under the radar – QUACK, PHA, and AGIX – have delivered gains of up to 200 percent in a single week.
- The world’s largest altcoin ETH has underperformed with whale addresses dropping 3.3 million ETH over the last five weeks.
Bitcoin and some of the most popular altcoins have remained more or less steady over the last week. However, despite this, some of the underdog altcoins have outperformed the market giving investors massive returns over the same period.
Let’s discuss some altcoins that have moved investors’ wealth massively. One of the top altcoin performers over the last seven days is Rich Quack (QUACK). The QUACK price rallied more than 216 percent from a weekly low of $0.00000000106 to a high of $0.00000000335. Since then QUACK has retraced partially and is currently trading at $0.000000002524.
QUACK is a native currency of Rich Quack, a community-driven project that seeks to become a multi-chain launch ecosystem and help bring next-generation crypto protocols to life.
Another top-performing altcoin over the last week is PHA which rallied 207 percent from a weekly low of $0.071 to a high of $0.218. PHA is the native asset of the Phala Network, a blockchain project that facilitates massive cloud processing without compromising on data confidentiality. From the weekly high, PHA has also undergone partial retracement and is currently trading at $0.19.
The third altcoin that made significant gains is SingularityNET (AGIX). The AGIX crypto surged more than 188 percent from a seven-day low of $0.042 to a high of $0.121. The AGIX price has, however, dipped significantly from its weekly high. SingularityNET is a project that seeks to become a blockchain-based marketplace for artificial intelligence services. These services could range from individual AI algorithms to standalone AI applications.
Other top altcoin performers
Last week, we at CryptoNewsFlash also reported some of the well-known altcoins that have been on traders’ radars recently. Oracle service provider Chainlink (LINK) is one of the most popular altcoins gathering steam with high accumulation in this bear phase.
Alike the previous bear market cycle of 2018-2019, LINK is outperforming some of the top altcoins currently in the market. The $6-$8 is turning out to be a strong accumulation for LINK. A breakout above $8 could set up LINK for a major price rally.
Similarly, another such altcoin on traders’ radar is Shushiswap (SUSHI) which has shown a strong technical setup while preparing for a major move northwards.
Crypto altcoin GXC is also on traders’ radar. GXC is the native asset of the data economy blockchain GXChain. This is a permissionless blockchain designed to facilitate data storage, uploading, computation, and exchange for enterprises.
While these altcoins under the radar are making big moves, the world’s largest altcoin Ethereum (ETH) has shown weakness. As per data provider Santiment: “Ethereum’s shark & whale addresses (holding 100 to 1M $ETH) have dropped 3.3M $ETH in just the past 5 weeks. This equates to about $4.2B in dumped coins. The asset’s price vs. #Bitcoin has ebbed and flowed based on the behavior of these key stakeholders”.
Credit: Source link
