Four altcoins flying under the radar are generating big gains as the crypto markets continue to flash signs of strength.
One of the best-performing altcoins this week is CFX, the native asset of multi-chain ecosystem Conflux Network.
CFX rallied from a seven-day low of $0.028 to a high of $0.080, representing gains of over 185% within one week. The 229th-ranked token has retraced since and is changing hands for $0.064 at time of writing.
Another red-hot altcoin this week is Canto (CANTO), a layer-1 blockchain that aims to deliver various decentralized finance (DeFi) services. CANTO rose from a weekly low of $0.172 to a high of $0.4452, a surge of over 158% in a week. The 189th-ranked crypto asset has slightly pulled back and is trading for $0.428 at time of writing.
Next up is Concordium (CCD), a crypto project that bills itself as a “science-backed blockchain” that aims to balance privacy with accountability. CCD printed gains of more than 114% after rallying from a seven-day low of $0.007 to a high of $0.015. At time of writing, the 276th-ranked crypto is still trading around its weekly highs, up over 12% on the day.
The last coin on the list is RNDR, the Ethereum-based altcoin for image-synthesizing ecosystem Render Network. RNDR generated gains of 100% this week after climbing from a low of $0.685 to a high of $1.37. The 115th-ranked crypto by market cap has retraced since and is switching hands for $1.26 at time of writing.
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