5 Altcoins performed brilliantly despite the collapse of Bitcoin (BTC) and Ethereum (ETH). The 5 altcoins on the list have managed to more than double their value in just one week. Here are the 5 altcoins on the analyst’s list
Altcoin at the top of the list: GXChain (GXC)
One of the best performing altcoins in the last seven days has been GXChain (GXC). GXC is a blockchain network designed to facilitate data loading, storage, computation and exchange. The altcoin rallied from a seven-day low of $0.479 to $1.75. Thus, it experienced an increase of over 265 percent in just one week. GXC is currently trading at $1.21.
Rich Quack
One of the top breaking altcoins this week is Rich Quack (QUACK). QUACK was designed to help bring the next generation of crypto protocols to life. Thus, QUACK has become a community-driven project that aims to be a multi-chain launch ecosystem. The altcoin rallied over 216 percent from $0.000000000106 to $0.000000000335. Currently, QUACK is trading at $0.0000000000261.
Third on the list is Phala Network (PHA)
Next up is a project that aims to enable massive cloud computing without compromising data privacy. Phala Network’s native altcoin project PHA. PHA rose from $0.071 to $0.218, representing an increase of over 207 percent. PHA has pulled back a bit and is now trading at $0.214.
SingularityNET (AGIX)
Another altcoin making the list 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 rose from $0.042 to $0.121. Thus, it increased by more than 188 in just one week. AGIX has fallen since hitting its weekly high and is trading at $0.0714.
Altcoin at the bottom of the list: Casper Network (CSPR)
As we have reported as Kriptokoin.com, CSPR is showing impressive results in terms of profitability and market performance. Casper is constantly being developed in line with the evolving needs of its users. Blockchain becomes maximum accessible to developers from all backgrounds. In addition, Casper is optimized to suit enterprise and developer needs. The network is actively developing during the active development of the Web3 industry. According to the developers’ comments, Casper forms the adoption trilogy. Thus, scalability and decentralization are combined in a single blockchain protocol. Casper is performing strongly in the market.
According to technical analysis, Casper has been moving in a sharp uptrend for the past 45 days. However, it will likely face a technical correction due to the imbalance between the bulls and bears. It has been overbought in the past few weeks, according to the Asset Relative Strength Index. So a reversal of momentum would create a logical continuation. Long-term, the CSPR is trading in a downtrend below the 200-day moving average. A short-term reversal could be the basis for a favorable trend reversal if it successfully breaks the local moving average and exceeds $0.042.
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