The altcoins sector has recently witnessed a remarkable performance over the past week. As per the exclusive market statistics, Ethereum ($ETH), $Dogecoin ($DOGE), XRP ($XRP), and Solana ($SOL) have outcompeted Bitcoin ($BTC) in 7-day gains by a significant margin.  The respective aggressive weekly returns of the prominent altcoins indicate a shifting investor sentiment. In the meantime, the open interest (OI) in Ethereum ($ETH) options has also witnessed considerable upsurge.

Ethereum Dominates Altcoins, Altcoins Dominate Bitcoin

In line with the market data, Ethereum ($ETH) stands atop the crypto assets when it comes to weekly gains. In this respect, the flagship altcoin has jumped by a huge 29.41% over the past seven days. As a result of this, its current price has attained the staggering $4,669. This extent of surge in returns displays a notable margin above Bitcoin’s ($BTC) 4.98% increase in the meantime.

Apart from that, Dogecoin ($DOGE) is another prominent altcoin that is leading the ongoing rally. Particularly, $DOGE’s price has increased by up to 18.35% over the past 7 days. Hence, its current price has attained the $0.2412 mark after this spike. Similarly, Solana ($SOL) also displays noteworthy price gains during the same time. Specifically, the weekly price increase of $SOL accounts for 16.82% over seven days. With this push, it has effectively claimed the $197.45 spot.

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Simultaneously, XRP ($XRP) has also gone through a substantial price growth over week in comparison with Bitcoin ($BTC). Keeping this in view, the 7-day price performance of $XRP presents an 8.2% jump. Following this upswing, $XRP has effectively reached $3.25 when it comes to price.

Flagship Altcoin’s Options Open Interest Claims Yearly Peak Near ATH

In addition to this, Ethereum ($ETH) is experiencing another positive development in the case of open interest (OI) in options. This indicator has reportedly spiked to $13.75B, denoting its peak level during this year while approaching the ATH of $14.6B. This OI elevation signifies that the traders are betting huge on $ETH upside via derivatives to enhance their exposure. Overall,  Ethereum ($ETH) is dominating the list of altcoins that have outperformed Bitcoin ($BTC) in latest weekly gains.