Lesser Known Coins Lead the Crypto Market: ALGO and OKB Shine in 2021
• Bitcoin and Ethereum are slow to gain steam, while lesser known digital coins are managing to steal the spotlight.
• Algorand (ALGO) is up by 10.2% over the last seven days, and 6.2% over the last two weeks.
• OKB (OKB) is trading at $26.79 and is sitting on a weekly gain of over 11%.
As the first week of 2023 draws to a close, the crypto market is still adjusting to the new year, with Bitcoin and Ethereum yet to pick up some steam. However, despite their slow start, some lesser known digital coins have managed to make a name for themselves by outperforming the heavyweights.
Algorand (ALGO) is one such coin, which currently has an overall valuation of $1.30 billion. According to tracking from Coingecko, at the time of writing, the coin was changing hands at $0.1829 and is up by 10.2% over the last seven days. Despite being stuck in a bearish momentum recently, ALGO is starting the year strong, as evidenced by its 6.2% increase in value for the previous two weeks. This altcoin is being considered by some analysts as one of the non-EVM chains with tremendous potential.
Another crypto asset that is experiencing an impressive surge in value is OKB (OKB). At press time, the altcoin is trading at $26.79 and is sitting on a weekly gain of over 11%, figures by CoinMarketCap show. On longer time frames, the crypto asset managed to go up by 22.5% during the last 14 days and by 27.1% on its monthly performance. Moreover, OKB tallied a 1% value hike on a year-to-date basis, veering away from the norm of dips and losses.
The crypto market is still very young, but with the current trends, it looks like the new year will be full of interesting developments. While Bitcoin and Ethereum remain the most popular digital assets, it’s worth keeping an eye on some of the lesser known coins that are slowly but surely making their way to the top.