Analytics

These Four Mid-Cap Altcoins Are Surging Despite the Crypto Market Downturn

Four mid-cap altcoins have skyrocketed in value over the past week as most of the market endures a correction.

The native asset for the high throughput blockchain project Elrond (EGLD) is trading at $288.91 at time of writing, according to CoinGecko – up a whopping 60% in the past week.

 

Last week, EGLD became available for purchase in the U.S. via credit card directly from Elrond’s non-custodial digital wallet app Maiar.

Elrond also hit a $5 billion market cap for the first time over the weekend, and EGLD was listed on the global exchange KuCoin on Monday.

3/
⚙️Milestones achieved:

$5 Billion market cap • 750k accounts • 8M transactions • 12.06M staked

Ⓜ️ Maiar stake statistics:

📥 2 Million $EGLD staked
👥 60,000+ people

— Elrond ⚡️ (@ElrondNetwork) September 13, 2021

Next up is the decentralized public network Hedera Hashgraph (HBAR). HBAR is trading at $0.469678 at time of writing and is up more than 50% in the past week.

The Hedera network expanded from 21 to 22 nodes in a mainnet upgrade last week.

In the v0.17.4 @Hedera mainnet upgrade:
• The London School of Economics and Political Science (@LSENews) transitional node was added.
• The @MagazineLuiza (Magalu) node moved to its permanent location in São Paulo, Brazil (first node in South America).https://t.co/T9MjgN7iyi

— Hedera Hashgraph (@hedera) September 7, 2021

Near is an open-source, proof-of-stake public blockchain. Its native asset, NEAR, is trading at $8.84 at time of writing and is up 44.6% in the past seven days.

Near was operating a hackathon until September 12th that brought new developers to the protocol’s community, according to the project’s website.

The Mina Protocol is a lightweight blockchain project. MINA is trading at $5.97 at time of writing and is up 42.8% on the week.

The project announced an integration with Polygon last week.

Mina Protocol is coming to [email protected] & #Polygon are working towards building a bridge that will enable #developers building applications on Polygon PoS to leverage privacy and verifiability via Mina’s zk-SNARK-based protocol.

Learn More: https://t.co/8jnC1WLPem pic.twitter.com/zNKHsHtLEo

— Polygon | $MATIC (@0xPolygon) September 9, 2021

 

   

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