A handful of altcoins have outperformed the broader crypto markets by printing gains of over 100% or more in the past seven days.
Over the past week, BTCST exploded from a weekly low of $7.19 to a high of $42.69 to record staggering gains of over 493% in just seven days. BTCST has retraced since and is currently changing hands for $31.06.
Another red-hot token this week is Optimism (OP), a layer-2 scaling solution for leading smart contract platform Ethereum (ETH). OP erupted from a seven-day low of $0.74 to a high of $1.96, marking gains of more than 164% in just one week.
OP has also pulled back from its weekly high and is trading at $1.70 at time of writing.
Next is automated yield-farming protocol yearn.finance (YFI). The decentralized finance protocol rallied from a weekly low of $6,249 to a high of $14,239 for an increase of over 127.86% in seven days.
YFI has retraced from its seven-day high and is swapping hands for $11,863 at time of writing.
The last altcoin on the list is Oasis Network (ROSE), a smart contract platform designed to prioritize privacy for open finance. ROSE surged from a seven-day low of $0.045 to its high of $0.095, representing gains of over 111%.
ROSE has slightly corrected from its high and is changing hands for $0.086 at time of writing.Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
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Featured Image: Shutterstock/Natalia Siiatovskaia/Mia Stendal