Four small-cap altcoins blow up nearly 90% or more in just a week as crypto markets heat up

Four small-cap altcoins blow up nearly 90% or more in just a week as crypto markets heat up

Crypto markets have rebounded over the past week, with a host of altcoins quietly outperforming the rest with gains of nearly 90% or more.

At the time of writing, Bitcoin (BTC) is up 6.8% over the past seven days, while Ethereum (ETH) is enjoying a 17% gain over the same time period.

Dwarfing the performance of the two largest crypto assets by market cap is CEL, the native token of bankrupt lending platform Celsius.

CEL rose from a seven-day low of $1.74 to a high of $4.63. CEL’s 166% move comes as Celsius deals with bankruptcy proceedings in addition to a lawsuit, a cease and desist order, as well as reports that payments firm Ripple is interested in buying the company’s distressed assets. company.

Another altcoin on the rise lately is Kujira (KUJI), a decentralized finance protocol targeting retail investors. KUJI rallied after going from a seven-day low of $0.59 to a high of $1.23 for an increase of more than 108%. At the time of writing, KUJI is changing hands for $1.19.

Also hosting big green rallies this week is Flux, a cross-chain oracle and decentralized cloud infrastructure. FLUX surged from a weekly low of $0.59 to a high of $1.22 with gains of over 106% in just seven days. The altcoin has since pulled back and stands at $1.06 at time of writing.

Joining the bullish moves is Energy Web Token (EWT), which may have gotten a boost when BlackRock, the world’s largest asset manager, mentioned EWT in an advertisement for its new Bitcoin investment trust.

“BlackRock is encouraged that organizations like [non-profit Rocky Mountain Institution] and Energy Web are developing programs to bring greater transparency to sustainable energy use in Bitcoin mining, and will follow progress around those initiatives.”

EWT, a utility token that aims to serve the energy sector, rose from a seven-day low of $2.42 to a high of $4.56, an increase of nearly 90% in a week. EWT has been corrected after posting its weekly high and is valued at $4.10

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Featured Image: Shutterstock/solarseven/Natalia Siiatovskaia

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