Four Altcoins on Ethereum Soar 70% or More in Seven Days As Bitcoin Tests $52,000
Four altcoins on top of Ethereum are recording massive gains over the last seven days while Bitcoin attempts to recover its losses.
Currently sitting with a big 85% gain is CRTS, the ERC-20 token that powers the Cratos mobile app, a real-time live vote platform where users can generate vote topics according to their preference, and other users can participate in the vote.
Market participants have responded positively to developments in Cratos over the last week, including CRTS getting listed on crypto exchange MEXC, as well as the launch of a global version of the app which was previously only available in Korea.
Synapse (SYN), another Ethereum-based altcoin is currently up 89% in the last seven days. Synapse is a cross-chain protocol that aims to provide interoperability between various blockchains. It consists of the Synapse Network (SNP), and an automated market maker (AMM) for pricing and asset rebalancing.
Closely followed crypto analyst Smart Contracter recently told his 198,000 followers that SYN looked exceptional in its Wrapped Ethereum pair (SYN/WETH).
“With all the layer ones competing against each other, accumulating something that bridges them all together feels like a picks and shovels play to me.
SYN chart looks amazing against eth here on the weekly and allows you to bridge to almost every single chain from any chain.”
Also showing strength is Velas (VLX), a proof of stake blockchain and ecosystem on which one can build artificial intelligence projects, decentralized applications (dApps), or smart contracts.
VLX is currently trading at $0.37, up 73% over the last seven days, about 33% below its all-time high of $0.55.
Making even bigger waves is Vader Protocol (VADER), a decentralized liquidity protocol that anchors a slip-based fee Automated Market Maker (“AMM”) with its own native stablecoin, USDV.
VADER is currently trading at $0.09, up a massive 150% in the last seven days.
At time of writing, Bitcoin is up 11% in the same time frame, currently trading just below $52,000.
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Author: Daily Hodl Staff
