The past few weeks and months have demanded a lot from crypto investors. Last but not least, the Russian war of aggression in Ukraine posed major problems for the already ailing market, the consequences of which were felt in mass layoffs, bankrupt crypto companies and massive price slumps for almost all crypto currencies. Since last weekend, however, the red charts have turned green. The total market capitalization has regained the trillion US dollar mark, Bitcoin is currently trading at a weekly gain of almost 9 percent, Ethereum is even up 38 percent.
On a day-to-day basis, however, it is other altcoins that are taking the crown. Below is an overview of the biggest winners.
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Near Protocol (NEAR): Crypto stage victory for scaling project
The NEAR Protocol has set itself the goal of counteracting the high transaction costs and the limited scalability of the Ethereum Blockchain. The project’s token tops the list of winners within the top 50 altcoins and writes two-digit green numbers. With a price increase of 13.81 percent on a daily basis, 36.73 percent on a weekly basis and 42.55 percent on a monthly basis, NEAR gives investors hope for an early rally towards an all-time high.
That put the NEAR Protocol at $20.44 as recently as January of this year. NEAR is currently trading well below that at $4.41. So it might be worth getting started. NEAR is traded on binance, eToro, octopuses and all other common crypto exchanges.
Ethereum Classic (ETC): ETH hard fork follows Ethereum
The Ethereum hard fork is currently reporting a price growth of 11.30 percent, increasing its market capitalization to $3.439 billion. ETC is currently trading at $24.30. This means that the altcoin is still a long way from the all-time high that Ethereum Classic set more than a year ago, on May 6, 2021, at $167.09.
Ethereum Classic is a hard fork of Ethereum originally developed in response to a hack that stole $50 million in ether from The DAO received, an autonomous organization that operates a crowdfunding to build decentralized open source business models based on Ethereum. You can read everything else about ETC here.
The Sandbox (SAND): Blockchain Game Secures Bronze
Blockchain game The Sandbox token is holding its own against Flow at the time of writing, up 8.93 percent (vs. 8.52 percent). SAND is currently trading at a price of 1.37 US dollars. For the month, The Sandbox, which recently announced a partnership with Playboy magazine and wants to bring Bunnies to the Metaverse, is back at 24.63 percent. On a monthly basis, it is even 70.80 percent.
The altcoin hit its all-time high on November 25 last year at $8.40. Until then, there is still a lot of room for improvement. SAND can on binance, octopuses, eToro and all other common crypto exchanges.
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