Crypto Market Ignition: These Altcoins Exploded 90% | CryptoGazette

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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.”

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