Four Altcoins Rise 76% Or More In Just One Week In Defiance Of Crypto Market Correction

[ad_1]

While most of the crypto market continued to undergo a correction over the past week, a handful of low-cap altcoins have soared.

DESO, Decentralized Social’s native token, has jumped over 90% in the past seven days. The asset ranked 75th by market cap is trading at $ 140.16 at the time of writing, according to CoinGecko.

According to the project’s website, Decentralized Social aims to be a “bespoke blockchain designed from the ground up and scale to a new category of decentralized social applications to one billion users.”

During DESO’s launch last week, entrepreneur and software engineer Nadir Al-Naji revealed that he is also the creator of BitCloud, and previously known only as Diamondhands, reports The Block.

Al-Naji received $ 200 million in private equity for the new venture from several venture capital firms, including Andreessen Horowitz, Sequoia, Social Capital, TQ Ventures, Coinbase Ventures, Winklevoss Capital, Polychain Capital, Pantera Capital and Arrington Capital.

The native token of the financial technology (fintech) payment solutions platform COTI (COTI) has climbed 86.6% in the past week. The asset ranked 140th by market cap is trading at $ 0.586221 at the time of writing. Coinbase added support for COTI on all of its platforms last month.

DYDX, the native token of the decentralized margin trading platform dYdX, has also jumped 86.6% in the past seven days. The asset ranked 91st by market cap is trading at $ 21.98 at the time of writing, according to CoinGecko.

Activity on DeFi trading platforms has exploded following China’s latest cryptocurrency ban, reports CoinDesk.

CELR, the native token of the Layer 2 scaling platform Celer Network, has soared 76.9% over the past week. The 104th largest asset by market cap is trading at $ 0.156322 at the time of writing.

Celer Network’s multi-channel cBridge network doubled its transaction volume over the past week, according to the project.

Today, Celer’s cBridge surpassed $ 200 million in total transaction volume per week after hitting $ 100 million. No sweating. Just a start. Our community can expect more from us.

cBridge supports the most channels with the lowest fees in fully non-custodial mode. https://t.co/35fICZsz3A pic.twitter.com/n0JI06TFva

– CelerNetwork (@CelerNetwork) September 25, 2021

Don’t Miss a Beat Subscribe to receive crypto email alerts straight to your inbox Follow us on Twitter, Facebook and Telegram Surf The Daily Hodl Mix Check the latest headline news Disclaimer: the opinions expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making high risk investments in Bitcoin, cryptocurrency, or digital assets. Please note that your transfers and transactions are at your own risk and that any loss you may suffer is your responsibility. The Daily Hodl does not recommend buying or selling 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 / studiostoks

[ad_2]