Four altcoins, all of which individually boast a market capitalization of below $600 million, have recorded growth of over 100% in just seven days.
At the top of the list is TrueFi (TRU), a decentralized finance (DeFi) protocol that supports uncollateralized lending. According to CoinGecko, TRU surged from a seven-day low of $0.14 to $0.75, marking an increase of over 435% in just seven days.
TRU has retraced since and is now valued at $0.50.
Another red-hot altcoin over the past week is Badger DAO (BADGER), a decentralized autonomous organization focused on building products and infrastructure to simplify the use of Bitcoin (BTC) as collateral across decentralized finance (DeFi) platforms. CoinGecko shows that BADGER rallied from a low of $10.83 to a high of $30.64 in just one week, representing an increase of 182%.
Even after the massive rise, BADGER is still down from its all-time high of $89.08, which was recorded early this year.
Next up is Cartesi (CTSI), which is an operating system for decentralized applications (DApps). According to CoinGecko, CTSI went from a seven-day low of $0.42 to a high of $1.07 for an explosion of over 154%.
Cartesi has corrected after posting the seven-day high, and it is now hovering around $0.75.
The fourth coin is financial contracts platform Ergo (ERG), which rallied 128% from a low of $5.65 to $12.93 in just seven days, according to CoinGecko. At time of writing, ERG is trading at $12.43, up over 24% in the last 24 hours.
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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 losses 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/Mia Stendal
