A handful of under-the-radar altcoins are posting massive weekly gains and outperforming the rest of the crypto markets.
One of the top performers in the digital asset space this week is LUNA, the native Terra hard fork asset designed to save the blockchain ecosystem after its original version implosed earlier this year.
LUNA soared from a weekly low of $1.80 to a high of $7.51 for an increase of over 317% in just seven days. LUNA has since retreated and is trading at $5.73 at the time of writing.
The next coin making big rallies this week is LOOMOLD, the staking and utility token of Loom Network, a decentralized application platform based on Ethereum. LOOMOLD moved from a seven-day low of $0.042 to a high of $0.096, marking gains of 128% in just one week.
At the time of writing, LOOMOLD is changing hands for $0.092.
Another hot altcoin of late is VGX, the native token of bankrupt crypto broker Voyager. VGX is up over 112% this week after rising from a low of $0.56 to a high of $1.19. VGX corrected after posting its seven-day high and trading hands for $0.92 at the time of writing.
The latest coin flying high this week is Ravencoin (RVN), a community-driven decentralized blockchain network designed to instantly transfer digital assets from one user to another. RVN has seen a strong rally this week after rising from a seven-day low of $0.34 to a high of $0.62, representing an increase of 82%.
RVN has given up some of its weekly gains and is valued at $0.50 at the time of writing.
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