Layer-1 Hybrid Blockchain Token Rallies 10% In A Week, Leaving Bitcoin, Ethereum, Dogecoin In The Dust
By Benzinga
XDC Network (CRYPTO: XDC) has rallied over 10% in the past seven days, trading at $0.027, recorded on Monday at 12 a.m. EST.
What Happened: Apex cryptocurrency Bitcoin (CRYPTO: BTC) gained 0.88% over the past seven days, struggling to hold the $17,000-mark, while Ethereum (CRYPTO: ETH) was up over 3.10% and Dogecoin (CRYPTO: DOGE) declined by 2.17% during this period.
| Cryptocurrency | Weekly Performance | Price (Monday, 12.00 am EST) |
|---|---|---|
| XDC Network | +10% | $0.027 |
| Litecoin | +9.64% | $68.95 |
| Helium | +8.48% | $1.90 |
| OKB | +5.96% | $23.04 |
| Cronos | +5.80% | $0.059 |
See More: Best Crypto Day Trading Strategies
XDC Network is consistently outperforming the market in terms of its underlying development activity. According to data from Santiment, a crypto analytical platform, XDC's Development Activity is at one of the highest points of the year, and if the current trend continues, it could potentially reach a new all-time-high before the end of 2022.
The second on the list is Litecoin Network (CRYPTO: LTC), which is up 9.64% in the past seven days. Litecoin is rapidly gaining traction in North America, the EMEA region, Asia-Pacific and Latin America.
Monthly Litecoin payments have increased by an impressive 109% in just one year, ranking second as the leading payment choice worldwide, according to a blog post by BitPay.
The third on the list is Helium (CRYPTO: HNT) which recorded an 8.48% spike. OKB (CRYPTO: OKB) was fourth on the list, gaining 5.96% and Cronos (CRYPTO: CRO) was last, up 5.80%, in the past seven days.
Read Next: Bitcoin, Ethereum Muted, Dogecoin Spikes: No Signs Of 'Santa Claus' Rally As Analyst Says Tech Rout Behind Risk-Off Mood
