Skip to content

Top 3 large cap altcoins make huge gains this week

Top 3 large cap altcoins make huge gains this week

Over the past 7 days, while flagship cryptocurrencies have either stagnated or slightly dipped, certain digital assets like Solana (SOL), Avalanche (AVAX), and FTT (FTX) have posted substantial gains.

During this bullish period, these assets—have seen their values surge by at least 40%. This performance data was detailed in a report by Santiment, a blockchain and cryptocurrency behavior analysis platform, on November 15.

Altcoins value gains in previous 7 days.  Source: Santiment
Altcoins value gains in previous 7 days. Source: Santiment

The surge in the prices of these assets can likely be attributed to factors such as interest from institutional investors, a fear of missing out (FOMO), and favorable bullish market conditions.

Solana adds 40% to its value in a week

While currently trading at $60.83, with a positive increase of 15.56% in just 24 hours, SOL has added an impressive 40.79% to its value in the previous 7 days. This change has witnessed an uptick in price from $43 to $60 at the time of press.

Solana 7-day price chart.  Source Finbold
Solana 7-day price chart. Source Finbold

SOL is currently trading above its 200-day moving average and had 19 green days in the previous month. These attributes have led to it outperforming 93% of the top 100 crypto assets in a year.

Avalanche gained 50% in value over 7 days

Currently changing hands at $19.61, AVAX enjoyed an increase of 17.13% over a day period, which has positively topped off gains made over a week that amounted to a remarkable 52.27% of its value, which shifted its price from $12.80 to $19.61.

Avalanche 7-day price chart.  Source: Finbold
Avalanche 7-day price chart. Source: Finbold

This asset has increased its value by 48% in the last year and evidenced 22 green days out of the previous 30. Coupled with the fact that it is currently trading above its 200-day moving average, its excellent performance becomes less of a mystery.

FTX token nearly tripled its value over the past week

Notably, one of the best last week performers is the FTX token, which managed to nearly triple its value by the time of writing, trading at $3.57, which is thanks to 11.90% and 187% gains made over the 24 hours and 7 days periods, respectively.

FTT 7-day price chart.  Source: Finbold
FTT 7-day price chart. Source: Finbold

Notably, after setting off from a value of $1.2, this asset broke the $5 mark on November 10 before sliding back to the current level of $3.57. This digital asset has experienced gains of over 107% in the previous year.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

Read Next:

Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Sign Up

or

By submitting my information, I agree to the Privacy Policy and Terms of Service.

Already have an account? Sign In

Services

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.