A handful of altcoins have outperformed the broader crypto markets by printing gains of over 100% or more in the past seven days.
One the best performing altcoins this week is the BTC Standard Hashrate Token (BTCST), an altcoin designed to allow holders to stake their tokens on-chain and earn Bitcoin (BTC) mining rewards.
Over the past week, BTCST exploded from a weekly low of $7.19 to a high of $42.69 to record staggering gains of over 493% in just seven days. BTCST has retraced since and is currently changing hands for $31.06.
Another red-hot token this week is Optimism (OP), a layer-2 scaling solution for leading smart contract platform Ethereum (ETH). OP erupted from a seven-day low of $0.74 to a high of $1.96, marking gains of more than 164% in just one week.
OP has also pulled back from its weekly high and is trading at $1.70 at time of writing.
Next is automated yield-farming protocol yearn.finance (YFI). The decentralized finance protocol rallied from a weekly low of $6,249 to a high of $14,239 for an increase of over 127.86% in seven days.
YFI has retraced from its seven-day high and is swapping hands for $11,863 at time of writing.
The last altcoin on the list is Oasis Network (ROSE), a smart contract platform designed to prioritize privacy for open finance. ROSE surged from a seven-day low of $0.045 to its high of $0.095, representing gains of over 111%.
ROSE has slightly corrected from its high and is changing hands for $0.086 at time of writing.
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Featured Image: Shutterstock/Natalia Siiatovskaia/Mia Stendal