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.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxFeatured Image: Shutterstock/Anuchit kamsongmueang