Last week’s trading was quite interesting for the crypto market which gained $25 billion in that period. The overall market cap is $287 billion. This means it rose by 10% in the last seven days.
Some altcoins did well and gained impressively in the last week. Below are the five most profitable altcoins in the last seven days.
Zcash (ZEC) Price Today – ZEC / USD
Chainlink performed splendidly throughout the week. The coin gained 58.5% and has a market cap of $658 million. In the longer term, LINK may do better because it gained 67.3% in the past 14 days. It also gained 62% in the last 30 days.
Chainlink’s partnership with Google propelled LINK’s price to its current levels. Immediately after the partnership was announced, LINK price skyrocketed.
The GRIN project also saw a serious increase in the last week. The coin is reportedly up by 35% in that period and a whopping 142% up in the last 14 days. The coin is now trading at $5.39. It currently sits on a total market capitalization of $72 million.
According to an article by Cryptopotato, one of the primary reasons for GRIN’s impressive performance could be the report that Binance will be shutting out US traders by September. This could resulted in further demand for the privacy tokens. Grin is a privacy crypto based on the Mimblewimble.
Reddcoin’s performance in the last week is tumultuous. The crypto went through a number of price swings. However, the digital asset managed to net some gains that amount to 37% in the last seven days alone. It is also up by 32% in the last 14 days. The coin is currently trading at $0.00245 having bagged a market capitalization of $71 million.
It is clear that there are no obvious reasons for the current situation. Nothing specific has propelled RDD’s price in the last seven days. The crypto’s price, however, seems to follow a similar pattern of moving upwards and downwards.
KuCoin Shares (KCS)
KCS is reportedly higher by 34.5% in the past seven days. The coin has been increasing steadily in the past month. In the end, it marked a total surge of 65.4% in the past 30 days. The coin is currently trading at $11.71 with a market capitalization of $153 million.
The announcement behind KCS price surge took place just a day ago with Binance Chain and BNB’s listing. This triggered serious interest and even Changpeng Zhao outlined the benefits of the new initiative on KCS.
Zcash is a renowned and established crypto project which, like Grin, places more emphasis on the privacy of users. It’s up to 20% in the weekly charts. The coin is currently trading at $107.58 and has a market capitalization of $731 million. However, ZEC’s monthly chart looks better as the crypto gained 41% in the last 30 days of trading.
Considering the privacy-oriented model of ZEC, it understandable to assume that the decision with Binance has had some impact on it. It is worth noting, that ZEC has performed well throughout the month. Despite being down by 2.8% today. The coin is still up a bit in the past month.