Four Altcoins Break Out 103% or More in Seven Days as Crypto Markets Wake Up
Four altcoins that have trended strongly over the past week are significantly outperforming other crypto assets amid a market-wide rally.
One of the hottest altcoins in the past seven days is Conflux (CFX), a public blockchain that aims to connect Asian and Western societies and economies.
CFX rose from a seven-day low of $0.14 to a high of $0.42 to mark a staggering 200% gain. CFX continues to trade near the highs as it is worth $0.41 at the time of writing.
Next up is MASK, the Ethereum (ETH)-based governance token of the Mask Decentralized Autonomous Organization (DAO). Mask Network is a decentralized portal that gives users access to blockchain capabilities on top of existing social networks.
The crypto asset rose from a low of $2.70 on March 13 to a weekly high of $6.66 for an increase of over 146%. Just like CFX, MASK is trading near seven-day highs as the altcoin is worth $6.51 at the time of writing.
Another altcoin that has been on the rise lately is Stacks (STX), a layer-1 protocol that aims to enable smart contracts and increase the utility of Bitcoin (BTC).
The crypto asset skyrocketed from a low of $0.57 on March 12 to a weekly high of $1.30, representing an increase of more than 128%. Stacks has rebounded since and is trading at $1.19 at the time of writing.
The last coin on the list is ImmutableX (IMX), a protocol designed to enable developers to build fast, scalable and secure applications for blockchain-based games and non-fungible tokens (NFT).
IMX climbed from a seven-day low of $0.78 to a high of $1.59 to mark a rally of over 103%. The 45th ranked crypto asset is also trading near its weekly high as the token is worth $1.53 at the time of writing.
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