Volatility has been the main theme of the crypto market this month. Thanks to the collapse of the FTX empire, all hope for November is gone. Many assets, including Bitcoin, suffered a massive drop. However, a few cryptocurrencies managed to rise even during these difficult times. During this week, even the top 10 cryptocurrencies by market cap have barely made gains. As the bearish sentiment initiated by the FTX crisis continues, these 3 altcoins posted double-digit profits this week.
Huobi Token (HT)
After the bankruptcy of the FTX exchange, exchange tokens did not perform very well. But Huobi’s local presence HT changed that. Rumors have surfaced that Huobi will merge with Justin Sun’s Poloniex crypto exchange. Following this, the price of HT has been on the rise. At press time, the asset is trading at $6.60, up 12% daily. In the last seven days, HT has managed to gain 45%. If it continues in its current trend, the asset could soon reach its 30-day high of $9.27.
Curve DAO Token (CRV)
The presence of this crypto on the list was surprising to many. CRV, the native cryptocurrency of the leading decentralized exchange (DEX), has been trending throughout the week. Asset rose 51% on Wednesday. This was mostly due to a short-term congestion in the network. CRV witnessed a significant increase over the week as short sellers were forced to buy the asset. At press time, CRV’s weekly earnings are 25%. However, the altcoin is trading at $0.68, up 0.85% daily. The asset rallied from $0.4764 to $0.7239 earlier this week.
The last altcoin on our list is Litecoin (LTC), which has seen notable gains this week. Popular with whale movements, the altcoin has gained 20% over the past seven days. In the middle of the week, the price of LTC hit 83. This is the asset’s 90-day high. Also to mention, LTC was bullish this week from a low of $59.81. Finally, at the time of writing, Litecoin is trading at $77.