Five under-the-radar crypto assets are in a hot streak, up by 144% or more over a period of one week as the digital asset market continues to rally.
One of the best-performing altcoins this week is Function X (FX), which currently holds a market cap of $314 million. The project aims to mirror traditional financial products on its protocol while building decentralized financial products and a decentralized trading system.
Data from CoinGecko shows that the Ethereum-based crypto asset soared 402% from a 7-day low of $0.44 to a high of $2.12. The altcoin has retraced since and is now trading at $0.78.
Next up is Vectorspace AI (VXV) a blockchain platform focused on powering advanced approaches to machine learning (ML) and artificial intelligence (AI). The crypto project climbed from a seven-day low of $3.47 to its all-time high of $10.94, representing a price jump of over 215%.
The third cryptocurrency seeing a major rally this week is Bitcoin Cash ABC (BCHA), which holds a market cap of $5.84 billion. BCHA, designed as a means of payment, rose from a low of $114.51 to a high of $345.96 in just seven days, marking a 202% increase.
Although the value of BCHA grew 3x in a span of one week, it is still down nearly 20% from its all-time high of $378.12.
Another red-hot altcoin as of late is Fantom (FTM), a network of custom blockchains that aims to power smart cities. From a low of $0.47, the token rallied to $1.16, surging by 144% within seven days.
At time of writing, FTM is trading at $1.04.
The fifth crypto making a major stride this week is aelf (ELF), which is a decentralized cloud computing network and business-oriented blockchain platform. In seven days, ELF ascended from a low of $0.36 to a high of $0.88 to mark an increase of 144%.
The coin has given up some of its gains and is trading at $0.68 at time of writing.
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