Four altcoins with market caps beneath $1 billion managed to surge exponentially in price inside seven days whereas bigger crypto property completed off 2021 with modest price motion.
Recording huge positive aspects over the previous week is Railgun (RAIL), an Ethereum-based undertaking that goals to supply privateness for buying and selling and lending on decentralized exchanges (DEXes).
RAIL surged from a seven-day low of $1.33 to an all-time excessive of $4.15 on December thirty first for positive aspects of 212%.
Joining the rallies is layer-2 scaling answer Metis. The Metis protocol goals to supply decrease charges and sooner transaction instances than Ethereum, whereas nonetheless retaining the safety of the main sensible contract platform. METIS exploded from a seven-day low of $85.33 to an all-time excessive of $265, representing positive aspects of 211%.
Putting in an equally spectacular efficiency during the last week is LIT. LIT is an ERC-20 token and a local crypto asset on cross-chain identification aggregator Litentry community. LIT soared from a seven-day low of $0.001 to a excessive of $0.003 for a sizeable rally of 200%.
Not to be ignored is OpenDAO (SOS), a token meant to help artists and creators on the OpenSea non-fungible token (NFT) market. SOS was airdropped final week in accordance with the quantity of ETH spent by market customers.
SOS is up 320% because it was airdropped and is at present sitting on 170% positive aspects during the last seven days.
In the identical timeframe, Ethereum (ETH), the second-largest crypto by market cap, moved down 9%. Similarly, Bitcoin (BTC) is down 6.5% in the previous week.
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