Four altcoins flying under the radar are generating big gains as the crypto markets continue to flash signs of strength.
One of the best-performing altcoins this week is CFX, the native asset of multi-chain ecosystem Conflux Network.
CFX rallied from a seven-day low of $0.028 to a high of $0.080, representing gains of over 185% within one week. The 229th-ranked token has retraced since and is changing hands for $0.064 at time of writing.
Another red-hot altcoin this week is Canto (CANTO), a layer-1 blockchain that aims to deliver various decentralized finance (DeFi) services. CANTO rose from a weekly low of $0.172 to a high of $0.4452, a surge of over 158% in a week. The 189th-ranked crypto asset has slightly pulled back and is trading for $0.428 at time of writing.
Next up is Concordium (CCD), a crypto project that bills itself as a “science-backed blockchain” that aims to balance privacy with accountability. CCD printed gains of more than 114% after rallying from a seven-day low of $0.007 to a high of $0.015. At time of writing, the 276th-ranked crypto is still trading around its weekly highs, up over 12% on the day.
The last coin on the list is RNDR, the Ethereum-based altcoin for image-synthesizing ecosystem Render Network. RNDR generated gains of 100% this week after climbing from a low of $0.685 to a high of $1.37. The 115th-ranked crypto by market cap has retraced since and is switching hands for $1.26 at time of writing.
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.
Featured Image: Shutterstock/Dotted Yeti/Sensvector