Avalanche, Ethereum Lead Top 10 Crypto Gains Over Past Week


Several leading cryptocurrencies rallied more than 10% in the last week, with tokens behind leading Layer-1 networks like Ethereum, Solana, Cardano, and Avalanche posting some of the highest gains. 

Of the two top cryptocurrencies, Ethereum posted double the growth of Bitcoin this week, with seven-day gains of about 12.6%. Bitcoin is up roughly 6% over the same period.

Track live crypto price of 10000+ coins!


The world’s second-favorite cryptocurrency is currently trading just above the $2,900 mark. 

Ethereum rivals on the rise

Undoubtedly, the largest growth spurt in the top 20 cryptocurrencies by market capitalization is Avalanche. 

The Ethereum rival shot up almost 30% to hit $90.97, at the time of writing. That’s still 37.5% off its former all-time high of $146.22, set four months ago, but it’s easily the biggest growth for a leading crypto in the last seven days. 

Other smart contract-enabled rivals in the top 10, Solana and Cardano, are both up by just over 11% and 12%, respectively. Solana’s price today is $90.10 while Cardano is $0.89.

Related:  OpenSea launches new marketplace protocol dubbed 'Seaport'

Strangely, Ethereum Classic, the twenty-ninth biggest cryptocurrency by market capitalization, rose an eye-watering 50% over the last week and currently trades at $38.8. 

Ethereum Classic spun-off from Ethereum in 2015, after a large group of users decided to keep the record of Ethereum’s infamous $55 million DAO hack on their public ledger despite majority assent to its removal. 

Now, as the forked network gradually transitions to an energy-efficient proof-of-stake (PoS) consensus mechanism, the original Ethereum will remain a proof-of-work (PoW) blockchain.

Disclaimer

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

The best of Decrypt straight to your inbox.

Get the top stories curated daily, weekly roundups & deep dives straight to your inbox.


Download MAXBIT Android App, Your best source of all crypto news!

Google Play

Source link

Share this article: