The last seven days look like a black week for cryptocurrencies! There has been more “bad” news, starting with Elon Musk’s turn on Bitcoin. If Bitcoin was among the first cryptocurrencies to fall, it looks like there was a domino effect that made the big cryptocurrencies fall! Really all of them? No, three cryptos among the world’s top 20 more than opposed. Let’s find out which ones.
The Polygon crypt is the real surprise of the last few days. Not only did it cope with the cryptocurrency, it even exploded. According to data from Coinmarketcap, Polygon (MATIC) has cryptocurrency jumped more than… 74% ! Between May 14 and May 15, 2021, the Polygon price went from $ 1 to $ 1.55, i.e. more than 50% in 24 hours !
Polygon is one second layer solution of Ethereum. Currently, with over $ 5.5 billion, it’s the 6thth use of DeFi. The Polygon Protocol aims to provide a solution to the recurring problems with Ethereum in terms of scalability. With Polygon’s technology, the network can process approximately 65,536 transactions per second! To date, MATIC ranks as 18th position global cryptocurrency.
Cardano (ADA) survives the cryptocurrency crack in the most beautiful way! In the midst of the crypto decline, Cardano has allowed himself the luxury of broke its historical record ! Thus, the price reached € 2.03 on May 16, 2021! Over the last seven days, the price of Cardano increased by more than 12% at the time of writing this article.
As a reminder, the Cardano crypto is often considered as the direct competitor to Ethereum. Cardano founder Charles Hoskinson was also among the developers behind Ethereum. With Proof-of-Stake, Cardano blockchain shows better performance than Ethereums, which is in the process of switching to POS. Currently, the Cardano cryptocurrency is it 4th in the world in capital letters, right in front of Dogecoin (DOGE).
Finally, SOL resisted the fall of the top 20 cryptocurrencies. The Solana crypto has increased by more than 6% over the last seven days. Currently, Solana cryptocurrency is ranked in 16th rank cryptos in the form of capital letters. Like Cardano, SOL reached its ATH in the last few days with a price of € 43.18 on 11 May 2021.
From a technological point of view, Solana differs by combining Proof-of-Stake (POS) and Proof-Of-History (POH). Like Ethereum, Solana makes it possible to evolve applications related to decentralized financing (DeFi). Recently, the Solana blockchain even entered the highly valued digital arts sector by hosting an NFT auction platform.
The decline in cryptocurrencies is evident in recent days. However, the Cardano (ADA), Solana (SOL) and Polygon (MATIC) cryptocurrencies have shown resilience and even exploded!
Incidentally, it is very interesting to note that these three cryptocurrencies 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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