The decline in the share of bitcoin on the crypto market to 43.7%, according to CoinGecko, indicates the so-called altcoin season, when alternative digital coins begin to grow more actively than bitcoin. Over the past week, a number of cryptocurrencies have shown high profitability, and some of them have risen in price several times. Writes about this RBC Crypto.
Dogecoin
The digital coin, which was created in 2013 as a joke, has already reached a capitalization of $ 78.8 billion. Over the past seven days, Dogecoin has grown by 88%, and the growth in a month was 916%. At its peak, the altcoin price reached $ 0.69.
Altcoin entered the active growth phase in early April. Then Tesla CEO Elon Musk spoke about the coin. On April 1, he posted on Twitter a controversial message that his company SpaceX is planning to send Dogecoin to the moon in the literal sense. After this publication, the value of the digital coin increased by 20% in half an hour.
Ethereum Classic
Ethereum Classic is a hard fork of the Ethereum cryptocurrency that emerged in 2016 as a result of a community split. One part of the users believed that the blockchain should develop, and the developers needed to optimize and improve the existing functionality. Others wanted to use the original blockchain.
Over the past seven days, Ethereum Classic has risen in price by 201% and reached $ 105.2, an increase in the month of 558%. The digital coin is growing amid rising prices for Ethereum. The largest altcoin by capitalization on May 5 for the first time in history reached $ 3.5 thousand.
OKB
OKB is a utility token of the OKEx crypto exchange, created on the basis of the Ethereum blockchain. Holders of digital coins get access to special features of the site. The OKB token is used to calculate trading fees, allows you to participate in polls, as well as see verified merchants and become one of them.
Over the past week, the digital coin has risen in price by 110% and costs $ 34.6 at 20:30 Moscow time. The market capitalization of the token reached $ 9.7 billion. On May 3, OKB renewed its all-time high at around $ 44.
Bitcoin Cash
Bitcoin Cash emerged in 2017 as a result of the split of the main Bitcoin network. At the end of April, the growth phase began, thanks to which the altcoin rose to $ 1.45 thousand.
Over the past week, the digital coin has risen in price by 53%, growth over the month was 118%. It is noteworthy that at the beginning of 2021, the cost of Bitcoin Cash was $ 343.
Waves
Waves is a blockchain platform for crypto token issuance and crowdfunding campaigns. The platform allows you to create your own cryptocurrency and conduct an initial token offering (ICO).
Over the week, the cost of Waves increased by 92%, reaching $38. On May 4, the price of the digital coin renewed its maximum at around $ 43. Over the month, the token has risen in price by 185%. The rapid growth of altcoin began in April this year. Prior to that, he traded within $10.
