A select group of low-cap crypto assets is vastly outperforming the rest of the markets as altcoins continue to show signs of strength.
StormX (STMX), a project designed to allow users to earn rewards and cashback while shopping online, skyrocketed 54% in a 24-hour time frame on Sunday.
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STMX is currently ranked as the 227th-biggest cryptocurrency by market cap and is changing hands at $0.022 at time of writing.
Another altcoin that exploded in the same timeframe is QuarkChain (QKC), a project that aims for scalability without sacrificing security and decentralization.
QKC suddenly ran from a low of $0.017 to $.0.029 in a matter of hours this weekend for quick gains of 70.5%. QKC has retraced since and is now exchanging hands for $0.024.
Joining the group of exploding low-cap altcoins is Zilliqa (ZIL), a protocol designed for quick transactions and aims to make blockchains faster and more scalable.
Days after the announcement of partnerships with esports companies Ninja in Pyjamas, RRQ and MAD Lions, its native token ZIL exploded over 78% in less than a day this weekend.
ZIL has continued to rally and is now trading at $0.104, up over 17% in the last 24 hours at time of writing.
Meanwhile, Bitcoin (BTC) and Ethereum (ETH) are flashing signs of bullishness.
BTC is currently trading at $47,032, up nearly 5% in the last 24 hours, while ETH is exchanging hands for $3,323, up more than 5% over the same timeframe.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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