Top Altcoins Post Double Digit Gains as the Crypto Market Recovers

The cryptocurrency market has extended its gains to close out the week, with more than $10 billion in total value added over the last 24 hours.

The AltDex 100 Index (ALT100), a benchmark index for the industry’s leading cryptocurrencies and tokens, is up 6.1% over the last day and currently sits at 81.79. While Bitcoin (BTC) continues to battle with the $6,500-$6,600 range, many altcoins have posted double-digit gains.

Top gainers currently leading the ALT100 include Nebulas (+34.07%), Ontology (+29.74%), Bitcoin Private (+24.55%), and RChain (+20.38%).

Other notable projects have surged on bullish news over the previous few days. Nano (NANO), a trustless, low-latency cryptocurrency that utilizes a block lattice architecture, jumped more than 40% after the project revealed that its latest beta network stress test peaked at 756 transactions per second (TPS).

VeChain (VET), a Singapore-based enterprise blockchain platform for financial services and supply chain management, has helped lead the recovery and is up around 70% since Thursday morning after the project announced that it would boost the VeThor (VTHO) rewards for its economic masternodes, starting on September 1st.

AltDex 100

Other cryptocurrency categories have also surged over the last 24 hours. The AltDex Exchange Token Index (ALTEXC), a benchmark index for the industry’s leading exchange tokens, is up 11.0% while the AltDex Privacy Coin Index (ALTPRV), which tracks tokens focused on privacy or security, is up over 10.8%. The new AltDex Masternode Index (ALTMSN), a benchmark for major masternode cryptocurrencies, has also increased by 7.0%.

Investors should be watching to see how Bitcoin performs at its current level, as multiple rejections of $6,600 could mean further pain ahead.

More: AltDex 100 Index

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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