Four low-cap altcoins have skyrocketed more than 160% in the past week amid the overall momentum happening across the crypto markets.
IoTex, a platform that aims to link the Internet of Things (IoT) devices and decentralized applications, is one of the hottest cryptocurrencies this week.
IoTex’s native token, IOTX, was listed on Coinbase last week and has shot up from a low of $0.02 to a high of $0.13 in the past seven days. The move represents a staggering 550% growth in just one week.
IOTX has corrected since and is now trading at $0.085007, according to CoinGecko.
Request Network’s utility token, REQ, also made big gains this week at the heels of being listed on Coinbase’s trading platforms on August 12th. The Request Network is a protocol for creating and requesting payments without an intermediary. Its token REQ has surged from a seven-day low of $0.07 to a high of $0.39, marking a surge of over 450% in just one week.
Another crypto-asset igniting a strong rally this week is YGG, the governance token for Yield Guild Games. The crypto project is a play-to-earn gaming guild that invests in non-fungible tokens (NFTs) used in virtual worlds and blockchain-based games. YGG has pumped by a whopping 284% in the past seven days from a low of $1.98 to a high of $7.61, according to CoinGecko.
The crypto asset has pulled back since posting its weekly high and is now trading at $7.37.
Dent’s native token, DENT, has also made big moves this week, rallying from a low of $0.003 to a high of $0.008, for a 166% explosion within seven days. Dent is an international exchange for mobile data based on the Ethereum blockchain. Even after this week’s eruption, DENT is still down from its all-time high of $0.10.Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
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Featured Image: Shutterstock/Yuganov Konstantin