{"id":12589,"date":"2022-04-02T20:03:12","date_gmt":"2022-04-02T20:03:12","guid":{"rendered":"https:\/\/egrowonline.com\/?p=12589"},"modified":"2022-04-02T20:03:12","modified_gmt":"2022-04-02T20:03:12","slug":"5-major-altcoins-that-outperformed-bitcoin-this-week","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=12589","title":{"rendered":"5 Major Altcoins That Outperformed Bitcoin This Week"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>Bitcoin <span class=\"ticker\" data-ticker=\"BTC\/USD\">BTC\/USD<\/span> has staged a nice recovery in recent sessions, as risk appetite returned to the market. The recovery has been in fits-and-starts, and the apex currency has not built up enough momentum to stage a sustained recovery.<\/p>\n<p><strong>How Bitcoin Fared In The Past Week: <\/strong> Bitcoin had a mini run-up this week before pulling back. After ending last Saturday at $44,500.83, the apex crypto quickly moved up to its year-to-date peak of $48,086.84 on Monday. Subsequently, the crypto went about a consolidation move in the range of $44,403.14-$48,022.29.<\/p>\n<p>Bitcoin is currently trading at $46,361.85, a gain of 4.2% for the week.<\/p>\n<p>Some of the major altcoins, meanwhile, fared relatively better. Here are a few top cryptos\u00a0that outperformed Bitcoin in the recent week:<\/p>\n<p><strong>Ether\u00a0<\/strong><span class=\"ticker\" data-ticker=\"ETH\/USD\">ETH\/USD<\/span>, the token of the <a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/money\/why-is-ethereum-valuable\/\" rel=\"noopener\"> Ethereum blockchain <\/a>and the second most valued crypto, added 11% for the week. The strong upside was due to investors building positions ahead of the imminent Ethereum merge, which refers to the merging of Ethereum&#8217;s Mainnet and the beacon chain proof-of-stake system. This will mark a shift from proof-of-work to a proof-of-stake\u00a0mechanism.<\/p>\n<p><strong>Solana\u00a0<\/strong><span class=\"ticker\" data-ticker=\"SOL\/USD\">SOL\/USD<\/span> has soared 35.6% for the week. Earlier on Saturday, the crypto crossed the $140 threshold for the first time since late January. SOL is the native token of the Solana blockchain platform, supporting builders creating crypto apps. Non-fungible marketplace OpenSea suggested in a short teaser video this week that it <a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/22\/03\/26362631\/opensea-announces-solana-nfts-coming-soon-here-are-the-details-and-timeline\" rel=\"noopener\"> could begin including Solana NFTs.<\/a><\/p>\n<p><em>Related Link: <a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/22\/03\/26355003\/infinitys-ronin-network-says-about-620m-stolen-in-major-security-breach\" rel=\"noopener\"> Infinity&#8217;s Ronin Network Says About $620M Stolen In Major Security Breach <\/a><\/em><\/p>\n<p><strong>Luna<\/strong>\u00a0<span class=\"ticker\" data-ticker=\"LUNA\/USD\">LUNA\/USD<\/span>, deployed by Terra, a public blockchain protocol, has gained close to 25% for the week. On Wednesday, the crypto rallied to an all-time high of $111.01. The rally was attributed to the Luna Foundation Guard&#8217;s decision to rev up its Bitcoin reserves to mitigate the negativity engendered by geopolitical and macroeconomic risks.<\/p>\n<p><strong>Avalanche\u00a0<\/strong><span class=\"ticker\" data-ticker=\"AVAX\/USD\">AVAX\/USD<\/span> has gained about 16% for the past week. AVAX is the native token\u00a0of Avalanche, a decentralized, open-source proof-of-stake blockchain with smart contract functionality. The recent buoyancy can be traced back to the Avalanche Foundation&#8217;s incentive program announced in early March to accelerate adoption of subnets, according to Cointelegraph. The foundation plans to allocated four million AVAX, valued at about $340 million, to fund decentralized applications focused on gaming, NFTs and financial applications.<\/p>\n<p><strong>Near Protocol: <\/strong>Near Protocol <span class=\"ticker\" data-ticker=\"NEAR\/USD\">NEAR\/USD<\/span> has gained about 20% in the past week. It is the native coin of Near Protocol, a scalable blockchain designed to provide the performance and user experience necessary to bridge the gap to mainstream adoption of decentralized applications.<\/p>\n<p><em>Related Link:<a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/money\/best-cryptocurrencies-2022\/\" rel=\"noopener\"> Best Cryptocurrencies <\/a><\/em><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/22\/04\/26437355\/5-major-altcoins-that-outperformed-bitcoin-this-week\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin BTC\/USD has staged a nice recovery in recent sessions, as risk appetite returned to the market. The recovery has been in fits-and-starts, and the apex currency has not built up enough momentum to stage a sustained recovery. How Bitcoin Fared In The Past Week: Bitcoin had a mini run-up this week before pulling back. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12590,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[37],"tags":[200,50,650,6879,339],"class_list":["post-12589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-altcoins","tag-bitcoin","tag-major","tag-outperformed","tag-week"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/04\/crypto_3.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/12589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12589"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/12589\/revisions"}],"predecessor-version":[{"id":12591,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/12589\/revisions\/12591"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/12590"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12589"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}