Proof of work (POW) cryptocurrencies absolutely dominated gains last week. The SEC’s actions and plunging energy prices might be why. Plus, there’s Litecoin’s halving event happening next month.
But there’s no denying the market’s recent moves. In fact, proof of work’s dominance during the last week in June was so absolute that four out of the five top gainers on the 7-day pane were such assets:
Bitcoin Cash (BCH) 7-day gains: 53%
eCash (XEC) 7-day gains: 44%
Bitcoin Satoshi’s Vision (BSV) 7-day gains: 38%
Litecoin (LTC) 7-day gains: 25%
The only cryptocurrency to rally higher than these the week ending July 2 was Compound (COMP). That all four of these surging rallies were for POW coins is definitely a conspicuous pattern. Two other top gainers for the week are also POW cryptocurrencies.
Ethereum Classic (ETC) soared by 13% over its average trading price on crypto exchanges a week ago. That placed it 13th among the top gainers for the period. Meanwhile, Zcash (ZEC) jumpe
We współpracy z: https://cryptopotato.com/proof-of-work-coins-mark-mad-gains-on-7d-chart-in-hash-cash-frenzy/
