The last seven days are like a dark week for cryptos! Several “bad” news has arrived starting with Elon Musk’s turnaround on Bitcoin. While Bitcoin was among the first cryptos to drop, it seems there was a domino effect that caused major cryptos to fall! Really all? No, three cryptos among the world’s top 20 more than resist. Let’s find out which ones.
Polygon crypto is THE real surprise of the last few days. Not only did it withstand the crypto crash, it even exploded. According to data from Coinmarketcap, the cryptocurrency Polygon (MATIC) has jumped more than … 74% ! Between May 14 and 15, 2021, the price of the Polygon went from $ 1 to $ 1.55, i.e. more than 50% in 24 hours !
Polygon is a Ethereum second layer solution. Currently, at over $ 5.5 billion, it is the 6th DeFi application. The Polygon protocol aims to provide a solution to the recurring problems of Ethereum in terms of scalability. With Polygon’s technology, the network can process approximately 65,536 transactions per second! To date, MATIC ranks in 18th position global cryptos.
The Cardano (ADA) survives the crypto crash in the most beautiful way! Amid the crypto decline, the Cardano has afforded the luxury of beat his historical record ! Thus, its price reached € 2.03 on May 16, 2021! Over the last seven days, the price of Cardano has increased by more than 12% at the time of writing this article.
As a reminder, the Cardano crypto is often considered the direct competitor of Ethereum. Moreover, the founder of Cardano Charles Hoskinson was also one of the developers behind Ethereum. With Proof-of-Stake, the Cardano blockchain performs better than that of Ethereum, which is in the process of transitioning to POS. Currently, the Cardano cryptocurrency is the 4th in the world in terms of capitalization, just ahead of Dogecoin (DOGE).
Finally, the SOL resisted the fall of the top 20 cryptos. The Solana crypto has increased by more than 6% over the last seven days. At present, Solana cryptocurrency is ranked at 16th rank cryptos in terms of capitalization. Like Cardano, SOL hit its ATH over the past few days with a price of € 43.18 on May 11, 2021.
From a technological point of view, the Solana stands out by combining Proof-of-Stake (POS) and Proof-Of-History (POH). Like Ethereum, Solana makes it possible to develop applications related to decentralized finance (DeFi). Recently, the Solana blockchain has even taken to the highly prized digital art sector by hosting an NFT auction platform.
The decline in cryptos is evident in recent days. However, the Cardano (ADA), Solana (SOL) and Polygon (MATIC) cryptos have shown resilience and even have exploded!
By the way, it is very interesting to notice that these three cryptos use the POS protocol, much less energy-consuming than its POW counterpart. In a context where the environmental impact can no longer be ignored, the “greenest” cryptos seem better equipped to impose themselves.
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