Crypto NewsEthereum (ETH)

Ethereum Challenger is up 95% in seven days, surpassing the $ 8,000,000,000 market cap as Layer 1 Altcoins surge

one Ethereum The competitor is up nearly 100% in the last week alone, hitting the $ 8 billion mark Market capitalization breached and threatens to enter the top 20 crypto assets by market capitalization.
Near Protocol (NEAR) is a smart contract-enabled decentralized application platform (DApp) that seeks to compete with Ethereum (ETH) or Polkdadot (DOT).

NEAR, the project’s native token, recently got on board All time high of $ 16.39 after trading at $ 8.40 less than five days ago and posting a 95% gain.

NEAR is used to pay transaction fees and storage. It can also be used by token holders who, as transaction validators, are involved in achieving network consensus.

The Ethereum The Rise of the Challenger joins a wave of emerging Layer 1 altcoins making sizeable gains while ETH maintains a comparatively modest price action.

Solana (SOL), the biggest Ethereum challenger, is up 8.7% in the past seven days and 15% from its 30-day low of $ 151.

Stablecoin-Focused Terra (LUNA) is up a whopping 46% in the last seven days and an incredible 150% in the last 30 days. LUNA is currently the top performing altcoin in the top tenCryptocurrencies according to market capitalization.

The smart contract platform Avalanche (AVAX) is also making waves, up a modest 2% in the past seven days but still up 46% in the past two weeks. In terms of market capitalization, AVAX ranks 11th.

Another Layer 1 altcoin that is making significant moves is the Directed Acyclic Graph (DAG) based smart contract platform Fantom (FTM). FTM is up 46% in the past seven days and is currently trading at $ 2.06. With 2021 almost over, FTM is up over 12,600% this year.
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Source: Crypto News Deutsch

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