Four Crypto Assets Surge 90% or More in Just One Week As Bitcoin Leads Marketwide Rally
Four low-cap crypto assets are surging and printing substantial gains in the last seven days while Bitcoin eyes its longest winning streak this year.
Leading the altcoin charge is Axie Infinity (AXS), a blockchain-based game that allows players to collect, breed, raise, battle and trade collectible digital creatures.
In the past week, AXS has rallied from a low of $17.82 to a fresh all-time high of $52.17, marking a surge of over 192%, according to CoinGecko. The crypto asset has retraced since, and it is now trading at $47.36.
Another altcoin that’s making big moves this week is Telcoin (TEL), a crypto asset designed to bridge the telecommunications industry and the wider blockchain space, powering fast transactions, particularly global remittances. CoinGecko shows that TEL has surged 120% from $0.010 earlier this week to a seven-day high of $0.022.
Although Telcoin is in the midst of a rapid ascent, the crypto asset is still well below its all-time high of $0.06.
The third coin printing big gains this week is Amp, a crypto used to collateralized asset transfers. CoinGecko shows that AMP is up 100% from a seven-day low of $0.04 to its weekly high of $0.08.
The next altcoin that’s been flying high as of late is the utility token of crypto exchange OKEx, OKB. The crypto asset is up over 94% in one week after rising to $19.28 from its low of $9.91 on July 21st.
At time of writing, OKB is valued at $18.54.
As for Bitcoin, the leading crypto asset is in the midst of printing eight straight green candles as it threatens to break and hold the $40,000 level. BTC is up 32.9% in the past week as it trades at $39,845 according to CoinGecko. Bitcoin needs a daily close above $39,500 to break its seven-day win streak record, which it recorded between March 5th and March 11th.
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