- While bitcoin and ether dominate the headlines, there are more than 14,000 other crypto coins.
- With less liquidity and more volatility, these alternative cryptocurrencies can deliver investors massive losses or gains in a short period of time.
- These are the five best performing cryptocurrencies over the past week, according to data from CoinMarketCap.
With 14,522 cryptocurrencies in existence and counting, there are more than triple the number of crypto coins than there are US exchange-listed stocks.
The surge in new crypto coins has come amid a massive bull market for the space, with a recent rally in bitcoin helping catapult the sector to a near-$3 trillion market valuation. But the rise is also being driven by smaller coins that have seen extraordinary surges this year, including solana, cardano, and shiba inu.
With less liquidity and more volatility, these alternative cryptocurrencies can deliver investors massive losses or gains in a short period of time. Shiba inu is down about 40% from its recent high, despite being up millions of percentage points year-to-date. Meanwhile, squid game token fell 99% in a single day after delivering swift