The small-cap crypto market was incredibly strong this week as various projects of under 100 million recorded incredible growth in market capitalization. According to the latest report of Satoshi Club in its weekly segment, the Rising Stars, there were six tokens that were on top of the growth charts, and the leading ones were Surge, Hippo, and Swarm Network.
These small-cap crypto projects indicated a high investor momentum as undervalued assets are increasingly being focused on in the market cycle. All the best performers together had tens of millions of market cap in the last seven days.
Surge Leads Small-Cap Cryptos with Over 231% Market Cap Growth
First on the list is Surge ($SURGE) that has provided an unbelievable 231.2% return and added 45.4 million to its market capitalization. Surge is currently trading at 0.065 and this has a market cap of 65.1 million, which is a great milestone for the project.
The dramatic expansion has lured traders in search of small-cap gems that have a high upside potential. According to analysts, new partnerships and increased liquidity in the ecosystem of Surge could drive the increase indicating renewed investor confidence.
Hippo Climbs with $49 Million Growth
Slightly behind is Hippo (SUDENG) whose market capitalization increased by 217.1 percent or $49 million. The token is presently listed at $0.007, and its market cap is $71.6 million.
The sharp rise of Hippo is a sign of increasing trust in smaller projects in DeFi and communities. The volume and activity surrounding Hippo indicate that it is gaining a following of early adopters who bet on its long-term success, notwithstanding its low price.
Swarm Network (Truth) Doubles with 108.8% Growth
Swarm Network ($TRUTH) was placed at position three with a stunning 108.8% market cap growth, which was equivalent to adding $34.6 million in value. It is traded at $0.032 and has a market capitalization of $66.4 million.
The emphasis of decentralized data validation and transparency in the project has found a response among the investors interested in utility-based tokens. The increase of this week helps to demonstrate how the market participants are rediscovering mid-tier Web3 infrastructure plays.
World of Dypians, Flux, and THORWallet Round Out the List
The top performers of the week were filled in by the next three small-cap crypto projects: World of Dypians (WOD), Flux (FLUX), and THORWallet (TITN). WOD has increased by 96.9% which has taken its market cap to $60.2 million at a price of $0.072.
Flux increased by 83.6 percent, and currently it is worth $0.179 per token with a market capital of $70.9 million. In the meantime, THORWallet (TITN) recorded a 58.2 percent gain with a market cap addition of $32.1 million to give the company a total valuation of $87.4 million.
Small-Cap Altcoins Show Strength Amid Market Recovery
The best performances of this week underline the fact that smaller-cap crypto tokens are becoming the focus of attention of investors again when the broader market is moving up. While the large-cap is relatively stable, small-cap cryptos under 100M are turning out to be fertile ground in growth.
Small-cap cryptos might become more and more significant and influential drivers of short-term speculation and long-term innovation in the crypto ecosystem as momentum grows.
Credit: Source link