Crypto Market Ignition: These Altcoins Exploded 90% | CryptoGazette
The crypto market managed to bounce during the course of last week, and the weekend passed without prices dropping. There are a few altcoins that managed to explode in price, and below, you can find out which they are.
4 altcoins explode in price
The crypto market looks good at the beginning of this new week, and some altcoins have quietly outperformed the rest with nearly 90% gains or more.
Bitcoin and Ethereum are now trading in the red, but both coins managed to perform great during the past week.
Dwarfing the performance of the two largest crypto assets by market cap is CEL. This is the native token of bankrupt lending platform Celsius.
As the online publication the Daily Hodl notes, CEL rallied from a seven-day low of $1.74 to a high of $4.63. CEL’s 166% move comes as Celsius deals with bankruptcy proceedings on top of a lawsuit. This is a desist-and-refrain order as well as reports that payments firm Ripple is interested in buying up the company’s distressed assets.
Another surging altcoin as of late is Kujira (KUJI).
This is the decentralized finance protocol that targets retail investors.
“KUJI rallied after going from a seven-day low of $0.59 to a high of $1.23 for an increase of over 108%. At time of writing, KUJI is swapping hands for $1.19.”
Another important altcoin that exploded in price is Flux. This is a cross-chain oracle and decentralized cloud infrastructure.
The same online publication mentioned above notes that another coin that we should be looking into is Energy Web Token (EWT).
This one may have caught a boost when BlackRock, the largest asset manager in the world, mentioned EWT in an announcement for its new spot Bitcoin investment trust.
“BlackRock is encouraged that organizations such as [non-profit Rocky Mountain Institution] and Energy Web are developing programs to bring greater transparency to sustainable energy usage in Bitcoin mining, and will follow progress around those initiatives.”
