Bitcoin’s massive and relentless bull run continues, with the top cryptocurrency hitting a new all-time high of $41,427.
The crypto king’s epic bull run is having a direct and dramatic impact on the altcoin market. Over the past seven days, seven cryptocurrencies in the top 100 by market cap have registered rallies of 100% or more.
Nano leads the pack and is up 325% in the last week at time of writing. The digital asset is designed to facilitate fast transactions with zero fees and minimal hardware resource requirements. It boasts a market cap of just under $587 million, according to the latest numbers from CoinGecko.
Stellar is the second-highest gainer. It is up by 145% over the past week. Stellar is also designed to facilitate cheap and fast transactions and allows users to issue custom stablecoins. It currently boasts a market cap of about $7 billion.
The third and fourth largest gainers this past week are neck-in-neck, with Loopring (LRC) up 128% and Status (SNT) up 122%.
Status is an operating system for mobile devices, equipped to allow access to the decentralized applications on Ethereum. Its market cap is a little over $263 million. Loopring is a protocol built on Ethereum designed to power a fast and cheap decentralized exchange. Loopring’s market cap is about $482 million.
After a big run at the start of the week, Dogecoin comes in at the fifth position. Although the Litecoin fork was created as a joke, its gains have been impressive, coming in at 109% in the last seven days.
Reserve Rights Token (RSR) and Solana (SOL) are tied for sixth and seventh, both with 108% gains in the last seven days. RSR is the volatile utility token of the Reserve Protocol and is designed to balance the value of the stablecoin RSV. Solana is a high-performance blockchain with a peak capacity of 65,000 transactions per second.
The overall market cap of all crypto assets sits just above the $1 trillion mark, rising from $771 billion at the start of the week.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Anuchit kamsongmueang
