Four altcoins flying under the radar exploded by more than twice their value in just one week despite the volatile flash crash of leading crypto assets Bitcoin (BTC) and Ethereum (ETH).
One of the hottest altcoins over the last seven days is GXChain (GXC), a permissionless blockchain designed to facilitate data uploading, storage, computation and exchange for enterprises.
GXC erupted from a seven-day low of $0.479 to a high of $1.75, marking an increase of over 265% in just one week. The native asset of the data economy blockchain has retraced since and is trading at $1.21 at time of writing.
Another red-hot altcoin this week is Rich Quack (QUACK), a community-driven project that aims to become a multi-chain launch ecosystem to help incubate next-generation crypto protocols to life.
QUACK rallied over 216% from a weekly low of $0.00000000106 to a high of $0.00000000335. At time of writing, QUACK is valued at $0.00000000261.
Next up is PHA, the native asset of the Phala Network, a project that aims to enable massive cloud processing without sacrificing data confidentiality. PHA erupted from a weekly low of $0.071 to a high of $0.218, representing a rise of over 207%.
PHA has slightly retraced and is changing hands for $0.214 at time of writing.
The last big mover this week is SingularityNET (AGIX), a project that aims to become a blockchain-based marketplace for artificial intelligence services ranging from individual AI algorithms to standalone AI applications. AGIX surged from a seven-day low of $0.042 to a high of $0.121, a more than 188% increase in just one week.
AGIX has dipped since hitting its weekly high and is swapping hands for $0.0714 at time of writing.
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Featured Image: Shutterstock/MIRCO EMMY/Nikelser Kate/karnoff
Source: https://dailyhodl.com/2022/10/16/four-altcoins-erupt-173-or-more-in-just-seven-days-as-bitcoin-and-ethereum-witness-spark-of-volatility/