This week hasn’t been plain sailing for the cryptocurrency, yet we have witnessed some insane price gains. There are altcoins and tokens that are doing crazy well; it’s hard to ignore them. Here is a brief catch up of the top four crypto assets that have literally been 2 Fast 2 Furious.
The token claimed to be a potential Ethereum killer. Its ranked 5th among all the cryptocurrencies in terms of price gains since it started trading. This puts it on top of the gainer’s list for new coins, with 56% spike in the last 7 days. Over a 30-day period, ZIL has surged by a massive +402% which goes down over 90 days but still huge at +243%. It currently trades at $0.1942 against the USD.
When it hit a market cap of $1.46 billion earlier today, May 10, 2018, Zilliqa cemented its status in an elite group of 28 cryptocurrencies with market caps of a billion and above. Zilliqa (ZIL) had a market cap of $962 million on May 5, 2018. By May 6, 2018, that had jumped to about $1.09 billion, ushering the new crypto into the exclusive club.
That fast rise has seen its value on the market grow to the current $1.42 billion and ranking at 22nd.
Expect to see more price spikes with ZIL tokens now being added to Upbit and Bithumb exchanges, two of the largest exchanges in the crypto-crazy Asian region.
Huobi Token (HT)
Huobi Token is yet another of the top gainers this week. The token is ranked at 105 on the market, but its stellar price gain puts it at 12th on the top gainer’s list. Currently trading at $3.66 against the US dollar, HT has spiked by 14% in the last 24 hours. That surge rises to 37% in the last 7 days and shoots to 115% when you consider the last 30 days. If we consider the last 90 days, Huobi token has spiked by +151%.
The token’s market capitalization has also increased over the same period. Though not in the caliber of Ziliqa above, HT was at $133 million market capitalization on May 6, 2018. That value grew to $139 million on May 9, 2018, and on May 10, 2018, jumped to $182 million.
Huobi didn’t go through an ICO, and its unique structure ensures investors will want to have the tokens at all costs. This means its value will likely keep increasing. Read about this token, as I feel it has more in store in coming months.
Mithril (MITH) also falls among the hottest coins on the market with a stellar performance after only two months trading. The token began trading on 24th March 2018 and was priced at $0.09 against the USD. While it’s currently ranked 61st on CoinMarketCap, its great performance sees it rank 22 among the hottest coins.
MITH is currently trading at $1.22 against the US dollar. The value represents a +10% price jump in the last 24 hours. Although the uncertainty this week pulls its 7-day performance to -2%, the token still is impressive enough over most of its trading period. For instance, the last 30 days have seen the token skyrocket by +652%. To put it into perspective, the top two coins, Bitcoin (BTC) and Ethereum (ETH) have gained +38% and +92% over the last 30 days.
The Mithril token has some very interesting way to ensure it gets users. It utilizes a concept called “social mining”. Here, users are rewarded for according to the popularity of the content they have on the social media platform. it can be via likes, views or time spent watching.
ELF is ranked 58th on coinmarketcap.com. However, the token’s overall performance over the last three months puts it at 28th among the top gainers. ELF tokens have gained by +10% in the last 24 hours to see the project climb both overall and top gainer charts. Like Mithril, Aelf hasn’t had a good few days, dropping by -7% over a 7-day period. However, the token has an impressive +114% rise in price over the last 30 days and if you take 90 days, then that’s +40%, better than Bitcoin over the same period.
The token began trading only last December, valued at $1.10 against USD. It achieved its all-time high in two weeks to trade at $2.77. However, the bearish market that swamped crypto land ravaged it to a low of $0.44 by March 18th. But the token has seen an uptrend that now puts it on course to hit its ATH or even surpass it.
Currently trading at $1.75 against USD and with a market cap of $437 million, ELF could go on to break above its all-time high soon. A great deal of its growth will be pushed by the Innovation Alliance it helped form early this month.
There you have it; four of the big hitters. There could be more coins out there with a clean team and great idea. Find one and find all you can before making any investment decisions