Altcoins have made significant growth over the last week. From three-digit percent gain to some serious gains, small and large cap coins have seen it all in the recent phase.
Last week VET, XLM, ADA, ALGO, LINK, BSV, ATOM, XRP, CRO and ETC outplayed the Bitcoin in the crypto market with over one percent of growth.
Bitcoin (BTC) and Ether (ETH) recorded gains of over 150% since March 2019. However, following the Bitcoin halving in May, the momentum for altcoins started to surge.
“Today we’re announcing that we are exploring the addition of a range of new assets. As part of the exploratory process customers may see public-facing APIs and other signs that we are conducting engineering work to potentially support these assets,” Coinbase said in June.
According to a report in Cointelegraph, Stellar and Cardano will have major protocol updates.
Other crypto assets, like Chainlink, for instance, have recently surpassed their record highs after a strong month in June. The interest around LINK increased after it entered a price discovery phase. Price discovery is a technical term for when an asset surpasses its all-time high into uncharted territory.
“Come the end of the Shelley era, we expect Cardano to be 50-100 times more decentralized than other large blockchain networks, with the incentives scheme designed to reach equilibrium around 1,000 stake pools,” Cardano said in a statement.