By Hassan Mehmood (Saudi Arabia)
Since March, most of the altcoins have witnessed a record growth, even left behind Bitcoin in performance. However, not all altcoins are showing bullish sentiments as they are following the leading digital asset.
Cryptocurrencies, having a small market cap, performed outstandingly in the past few weeks. Similarly, top altcoins have also booked heavy gains since mid-March, even outshine Bitcoin.
Top Ten Performing Cryptocurrencies
Based on the performance of the past week, there are some cryptocurrencies that have shown a high potential gain. These coins include ADA, LINK, VET, ATOM, XLM, ALGO, XRP, ETC, CRO, and BSV.
The top two digital assets, Bitcoin and Ethereum, of the crypto markets, have been increased by 150% thanks to retail as well as institutional demand. As both digital assets have a great impact over other assets, some altcoins have shown a significant increase in the past week.
Ranked at 19 on CoinMarketCap, VET is the third best-performing cryptocurrency of the previous week. Its upward price movement may be due to Coinbase’s review about adding VET to its list. Coinbase reported on June 11:
“Today we’re announcing that we are exploring the addition of a range of new assets. As part of the exploratory process customers may see public-facing APIs and other signs that we are conducting engineering work to potentially support these assets.”
At press time, VeChain has been surged by 13.58% in the past 24-hours.
Also read:Cardano (ADA) has also built high bullish momentum in the last seven days. The hype created upon its coming update, Shelley, has helped out cryptocurrency in securing bullish gain. According to the CEO, Shelley will be launch at the end of July.
According to Cardano Organization:
“Come the end of the Shelley era, we expect Cardano to be 50-100 times more decentralized than other large blockchain networks, with the incentives scheme designed to reach equilibrium around 1,000 stake pools.”
Chainlink (LINK) recently touched an all-time high. Currently, the LINK is in the price discovery mode and is expected to shows some moves.
The crypto community is wondered to see DOGE’s marvelous performance. The uptrend is seen due to TikTok’s video, related to DOGE, which enforce individuals to buy cryptocurrency.
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