The global crypto market cap is $ with a 24-hour volume of $. The price of Bitcoin is $27,332.27 and BTC market dominance is %. The price of Ethereum is $1,791.95 and ETH market dominance is %. The best performing cryptoasset sector is Move-to-Earn, which gained 15%.
Earn Interest on Your Crypto. Paid Out Daily!
Conflux (CFX) leads cryptocurrency market growth with 197% rise in the past week.
Cover art/illustration via CryptoSlate
The cryptocurrency market has seen significant gains recently, with Bitcoin rising over 30%. Alt-coins and the DeFi space have also experienced substantial gains, with Conflux ($CFX), Mask Network ($MASK), Stacks ($STX), MAGIC ($MAGIC), and Fantom ($FTM) leading the way.
This week’s top alt-coin gainers are:
Conflux Network (CFX) has gained 15.6% in the past 24 hours, 197.94% in the past week, and 174.88% in the past month. It has a market capitalization of $1.1 billion and a 24-hour trading volume of $1.1 billion. Its current price is $0.42004, down 57% from its all-time high.
Conflux was launched in 2018 by blockchain researcher Andrew Yao with the goal of addressing persistent challenges in the blockchain space, such as scalability, interoperability, decentralization, and security. To achieve this, it operates as a layer-1, permissionless blockchain and utilizes a Proof-of-Work consensus mechanism. Additionally, Conflux employs a smart-contract language similar to Ethereum.
Mask Network (MASK) has gained 37.88% in the past 24 hours, 129% in the past week, and 58.65% in the past month. It has a market capitalization of $487 million and a 24-hour trading volume of $483 million. Its current price is $6.39442, which is down 1% from its all-time high.
Mask Network offers a platform that allows individuals to transmit cryptocurrency, engage with decentralized applications, and share encrypted material on various social media platforms. The protocol allows for secure communication, including sending encrypted messages and cryptocurrency transfers through platforms such as Twitter.
Stacks (STX) has gained 14.72% in the past 24 hours, 112.96% in the past week, and 284.62% in the past month. It has a market capitalization of $1.7 billion and a 24-hour trading volume of $589,335,046. Its current price is $1.24438, which is down 61% from its all-time high.
Stack is preparing to release Stacks 2.1 in the coming days, a major update to the Stacks Blockchain 2.0 released on Jan. 14, 2021. Stacks is built on top of the Bitcoin blockchain, leveraging its security and robustness while extending its functionality. Stacks introduces a unique consensus mechanism called Proof of Transfer (PoX), which connects the Stacks blockchain to Bitcoin.
The Stacks 2.1 upgrade aims to enhance the Stacks ecosystem by offering better stacking, integration, and use cases with Bitcoin, making it more attractive for developers and users alike.
The activation of Stacks 2.1 will happen at Bitcoin block height 781,551. As of press time, Bitcoin is on block 781,373.
MAGIC (MAGIC) has gained 15.29% in the past 24 hours, 78.17% in the past week, and -17.56% in the past month. It has a market capitalization of $385,112,321 and a 24-hour trading volume of $363,267,826. Its current price is $1.81449, which is down 21% from its all-time high.
MAGIC belongs to a distinct, emerging category of metaverse tokens that serve as currency on the decentralized Trove marketplace for buying and selling NFTs. Additionally, this token facilitates the linkage between existing and future metaverses. Currently, various projects are operational on this platform, with a few new ones in the developmental stages. Examples of running projects include LIFE, Smolverse, among others.
Fantom (FTM) has gained 12.02% in the past 24 hours, 63.34% in the past week, and 81.04% in the past month. It has a market capitalization of $3,931,530,732 and a 24-hour trading volume of $576,048,956. Its current price is $1.13, which is down 44% from its all-time high.
Fantom is a smart-contract platform that boasts high performance, scalability, and security, as described by the Fantom Foundation. The platform consists of several unique components. Firstly, there is the Fantom Opera blockchain, which serves as the foundation. This open-source directed acyclic graph network is compatible with the Ethereum Virtual Machine, enabling it to execute existing smart contracts and create new ones that interact with Ethereum contracts.
Read more: Bitcoin surges 10% hitting 9-month high
Dorian Batycka is a journalist interested in art and technology. He has previously contributed to CoinDesk, Decrypt, Artforum, Artnet News, the Art Newspaper, and many others. He can be found on Twitter and Instagram @temp_projects, where he often memes his way through current financial and art news, scandals, and events.
Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
Conflux Network is an open protocol for a new world of DApps, finance, and Web 3.
Mask Network is a decentralized portal that allows users to seamlessly send encrypted messages, use dapps like crypto payment, decentralized finance, decentralized storage, e-commerce (digital goods / NFTs), decentralized organizations (DAO) over the top of existing social networks without migrating, and thereby creates a decentralized Applet (DApplet) ecosystem..
Stacks (formerly Blockstack) connects to Bitcoin, enabling you to build apps, smart contracts, and digital assets that are integrated with Bitcoin’s security, capital, and network.
Imported coin data for: MagicCoin.
Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.
Coinbase is subjected to higher standards of regulatory oversight than many of its rivals who are based offshore.
Finishing off a strong weekly rally, Bitcoin surges over 10% on Mar. 17 as investors narrow in on $28K heading into the weekend.
Several crypto community members pointed out that Bitcoin could help solve the problems highlighted by the Gemini co-founder.
Nic Carter said the U.S. banking crisis took us a step close to CBDC adoption — speculations continue to circulate.
We delve into the stability of USDC and analyze crucial factors and risks associated with it.
Tom Emmer said the Federal Reserve’s instant payments settlement system FedNow suggests that it is competing with private entities.
Nic Carter said the U.S. banking crisis took us a step close to CBDC adoption — speculations continue to circulate.
Sandeep Nailwal’s sees a crypto landscape dominated by Ethereum and layer 2s interacting with the base chain.
We delve into the stability of USDC and analyze crucial factors and risks associated with it.
Disclaimer: By using this website, you agree to our Terms and Conditions and Privacy Policy. CryptoSlate has no affiliation or relationship with any coin, business, project or event unless explicitly stated otherwise. CryptoSlate is only an informational website that provides news about coins, blockchain companies, blockchain products and blockchain events. None of the information you read on CryptoSlate should be taken as investment advice. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own diligence before making any investment decisions. CryptoSlate is not accountable, directly or indirectly, for any damage or loss incurred, alleged or otherwise, in connection to the use or reliance of any content you read on the site.
© 2023 CryptoSlate. All rights reserved. Disclaimers | Terms | Privacy
Please add “[email protected]“ to your email whitelist.
Stay connected via
source
Source: www.cryptoslate.com
