Five Low-Cap Altcoins Surge 100% or More in Just One Week Amid Bounce Across Crypto Markets

Low-Cap Altcoins Crypto

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Categories: Cryptocurrency

Five low-cap altcoinshave doubled or more than doubled their value in the past seven days afterweeks of bloodbath in the crypto markets. One of the biggest gainers thisweek is CEL,the native token of crypto lending platform Celsius Network. After falling 99%from its all-time high, CEL took a hard hit last week, rising from a seven-daylow of $0.52 to a high of $1.55, marking a 198% increase. CEL has sinceretreated and is currently trading at $0.79.

Another red-hot altcoin this week is Function X (FX),a decentralized ecosystem that aims to provide asset aggregation contracts,smart contract connections with Ethereum, and on-ramp support for users. FXrose from a seven-day low of $0.14 to a high of $0.34 for a gain of 142%. FXprice is now $0.24, down almost 15% in last 24 hours.

Then there is the Synthetix Network (SNX), a cryptocurrency thatpowers the trading of synthetic assets (synth) on the Synthetix platform. Froma seven-day low of $1.52, the coin jumped to a high of $3.55, showing a rise of133.55% in just one week. SNX is currently trading at $2.69, down 6.30% fromthe previous day.

Lending and lending platform Compound (COMP) is also on the list afterthe decentralized finance (DeFi) token doubled in value from a weekly low of$27.53 to a high of $55.17. At the time of writing, the comp is changing handsat $51.96, up more than 25% over the last day. The last coin is yearn.finance (YFI),a project that aims to power an automated yield-farming strategy to giveusers.Access to the best yields on various altcoins, stablecoins and Etherdeposits. YFI also managed to rise 100% in seven days, rising from lows of4,020 to $8,074 at the end of the week. At the time of writing, YFI is tradingin the red at $6,495 for the past 24-hours with a loss of almost 5%.

Celsius Network, Function X, Synthetic Network, Compound, Decentralized Finance, Yearn Finance, Crypto lending platform, Decentralized Ecosystem, Stablecoins, Ethereum Deposits, Crypto Markets<

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