While Bitcoin can’t break $ 10,000, some altcoins are facing a big wave of market valuation. Dogecoin (DOGE) has had a 99% rating in the last seven days, according to an analysis published on Facebook.
The “old season” faced by some cryptocurrencies caused an investor to double the amount invested in Cardano (ADA). The user says that in just two months he saw that the capital invested had a rating of more than 100%.
In addition to Dogecoin and Cardano, the list of altcoins that are available on the market is completed with ChainLink (LINK) and 0x (ZRX). These four cryptocurrencies have appreciated more than 29% in the past week, proving that an altcoins rally may have started.
Dogecoin increases by 99%
Some altcoins have been facing a strong market valuation recently. Among them is Dogecoin, which had an increase of 86.5% in price until last Wednesday (8).
In the past seven days, the market value of this cryptocurrency has practically doubled thanks to a wave of appreciation caused by a challenge on the Internet.
Users posted a challenge on TikTok that has increased the use of Altcoin exponentially, which also had a price increase in the last week.
Dogecoin rose 86% by Wednesday (8) (Source: Facebook)
The user’s Facebook message about the four altcoins was published last Wednesday (8). Since then, Dogecoin’s price has continued to rise in the market lately, causing the cryptocurrency to appreciate 99% in the past seven days.
At the time of publication of the analysis on social media, ChainLink saw a price increase of almost 30% over the same period.
Also, The 0x (ZRX) was one of the best on the market with a price increase of 31.86%. Finally, the price of Cardano (ADA) skyrocketed as prices have risen more than 56% recently.
The user doubles their money by investing in Cardano (ADA).
The post on the performance of altcoins in the market asked a question about the price of bitcoin. Without much movement, the user claims that the cryptocurrency is “stopped”.
On the other hand, Altcoin has shown great reviews in the short space of time given the so-called “old season”. A businessman who owns a supermarket said on Facebook that he had doubled the money invested in altcoins in just two months.
According to the comment from the user who accepts Bitcoin as a form of payment in the supermarket, he was instructed to invest in Cardano (ADA) after visiting a trade enthusiast.
“A man went into my shop and saw that ‘I accept Bitcoin’, he thought it was ‘time’ and spoke of ADA (Cardano). He explained to me about smart contracts, he works with them, I trusted them, I bought 4,000 reais in Binance. Two years ago, there are already 8,200 reais, I will continue to contribute to (ADA) “.
With this move, the businessman managed to make a profit of 105% in just two months of investment.