Four emerging altcoins are on a tear after surging 101% or more within one week as Bitcoin (BTC) and the crypto markets ignite.
One of the high-flying coins as of late is meme cryptocurrency and Dogecoin (DOGE) competitor Shiba Inu (SHIB).
[adinserter block="1"]The altcoin skyrocketed from a low of $0.000006 to a high of $0.00002, marking gains of over 233% in just seven days.
Even after a big rally, SHIB has yet to reclaim its all-time high of $0.000037.
Another top-performing altcoin this week is Spell Token (SPELL), the governance and utility asset of decentralized finance protocol Abracadabra Money.
The crypto asset soared from a seven-day low of $0.0032 to a new all-time high of $0.0089 at time of writing, according to CoinGecko. The move represents gains of over 178% in just one week.
Next up is Secret (SCRT), the native asset of privacy-focused smart contract platform Secret Network. CoinGecko shows that SCRT rallied over 125% from a seven-day low of $1.81 to a high of $4.11.
The coin has given up some of its gains since and is trading at $3.48 at time of writing.
The fourth altcoin on the up and up is OMG Network (OMG), a layer-2 scaling solution for Ethereum (ETH). The emerging altcoin rose from a low of $8.95 to a high of $17.88 to mark gains of 101% in just one week.
Although OMG has more than doubled its value in a week, it is still down from its all-time high of $25.62 in January of 2018. OMG is currently trading at $14.81, according to CoinGecko.
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