ELF gained 210% over the past week to lead the strongest performers among tokens with market capitalizations above $100 million. W rose 104%, followed by BTW at 86% and STRK at 82%.
Why it matters
The breadth of the move points to a strongly risk-on week for large-cap altcoins. BAT gained 55%, while Q and S advanced 51% and 45%, respectively.
Market impact
ELF's gain stood well above the rest of the group, but the wider list shows that momentum was not limited to one token. Traders will be watching whether these outsized weekly moves extend across the altcoin market or narrow back to a smaller set of leaders.
Source: [source](https://webappcsdfedsssd.controller.bot/media/files/8336652911/AgACAgIAAxkBAAJVXWrMuyXibQm39u2VHHCVhuKF0ls7AAIRIWsbxVJpSipZgOT8TrR9AQADAgADeQADPQQ?sig=sryApATYZpWX9g3-XLrVvGqtoiK9Jl6O-v4npBrb6cg)
Frequently asked questions
-
Which token led the large-cap altcoin gains this week?
ELF led the group with a 210% gain over the past week, well ahead of the other listed tokens.
-
What market-cap threshold was used for the ranking?
The ranking covered tokens with market capitalizations above $100 million.
-
Which tokens gained more than 80% during the week?
ELF gained 210%, W rose 104%, BTW advanced 86% and STRK gained 82%.
-
How broad was the weekly altcoin rally?
Seven listed tokens gained at least 45%, including ELF, W, BTW, STRK, BAT, Q and S.
-
What did the weekly performance indicate about market sentiment?
The week was described as strongly risk-on, with several large-cap altcoins posting outsized gains.
CoinDesk
Lookonchain
CryptoSlate
CoinTelegraph
Crypto News