This calendar week the total cryptocurrency market capitalization bounced back to $1.9 trillion, which was a 20% weekly increment and the highest level seen since May twenty.

While the fresh bullish momentum attracted the attention of investors, Bitcoin'south (BTC) move from $33,400 to $45,900 was pretty much in line with the rest of the marketplace.

Total crypto market cap in USD 1000000 (right) and Bitcoin dominance (left). Source: TradingView

Not every altcoin performed similarly, and only fourteen of the summit 100 from CoinMarketCap outperformed Bitcoin by three% or more than.

Top weekly performers among the 100 largest tokens. Source: CoinMarketCap

ICP, RVN, VGX and EGLD followed Bitcoin's 40% rally

Internet Estimator (ICP) appear on July 30 that within ii weeks of its launch, the Fleek application reached 700 website deployments. Fleek allows one to build websites and front-ends for decentralized applications on the Internet Computer blockchain with frictionless hosting.

Co-ordinate to the Dfinity Foundation web log, Fleek created an alternative open-source gateway to the blockchain then Net Computer smart contracts data could be freely accessed using regular browsers.

Ravencoin (RVN) likewise became the well-nigh profitable coin to mine by using graphic cards, co-ordinate to data from WhatToMine, surpassing Ether (ETH).

Voyager's breakout was caught by the VORTECS™ indicator

Voyager Digital, the company behind Voyager Token (VGX), acquired crypto trading and payments startup Coinify for $85 meg. On Aug. 1, Voyager also launched the VGX spider web swap 2.0 and staking portal.

VORTECS™ data from Cointelegraph Markets Pro began to find a bullish outlook for VGX on July 31, earlier the recent toll rise.

The VORTECS™ Score, sectional to Cointelegraph, is an algorithmic comparison of historical and electric current market conditions derived from a combination of information points, including marketplace sentiment, trading volume, recent cost movements and Twitter activity.

VORTECS™ Score (left) vs. VGX price (correct). Source: Cointelegraph Markets Pro

As displayed above, the VORTECS™ Score for VGX climbed to 90 loftier on Aug 3, 30 hours ahead of the 23% toll increase to $3.50.

Lastly, Elrond (EGLD) announced a $20 million funding from Moonlorian Blockchain Business Laboratory. According to Elrond'due south blog, the blockchain business firm is already incubating several projects in domains such as tokenization, nonfungible tokens (NFT), traceability and loyalty platforms.

On the other hand, just six projects presented a negative operation over the last seven days.

Lesser weekly performers amongst the 100 largest. Source: CoinMarketCap

AMP rallied xc% from July 22 to 29 equally Binance.Usa announced the token listing. However, the altcoin apace retraced 26% from the $0.083 top on July 29.

Theta Fuel (TFUEL) faced a similar movement every bit information technology rallied 63% from July xx to 25 during the launch of protocol three.one.0 and reached a $0.368 superlative. The hard fork created a more than efficient cake proposal protocol, optimized the blockchain database and added support for Ethereum RPC API.

Altcoin holders certainly have reasons to celebrate, but investors should exist mindful that an eventual Bitcoin toll correction will likely crusade traders to speedily capture profits from the almost volatile altcoins.

The views and opinions expressed here are solely those of the author and exercise not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.