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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Featured Image: Shutterstock/Mia Stendal