Four mid-cap altcoins have skyrocketed in value over the past week as most of the market endures a correction.
The native asset for the high throughput blockchain project Elrond (EGLD) is trading at $288.91 at time of writing, according to CoinGecko – up a whopping 60% in the past week.
Last week, EGLD became available for purchase in the U.S. via credit card directly from Elrond’s non-custodial digital wallet app Maiar.
Elrond also hit a $5 billion market cap for the first time over the weekend, and EGLD was listed on the global exchange KuCoin on Monday.
$5 Billion market cap • 750k accounts • 8M transactions • 12.06M staked
?? Maiar stake statistics:
? 2 Million $EGLD staked
? 60,000+ people
— Elrond ?? (@ElrondNetwork) September 13, 2021
Next up is the decentralized public network Hedera Hashgraph (HBAR). HBAR is trading at $0.469678 at time of writing and is up more than 50% in the past week.
The Hedera network expanded from 21 to 22 nodes in a mainnet upgrade last week.
In the v0.17.4 @Hedera mainnet upgrade:
• The London School of Economics and Political Science (@LSENews) transitional node was added.
• The @MagazineLuiza (Magalu) node moved to its permanent location in São Paulo, Brazil (first node in South America).https://t.co/T9MjgN7iyi
— Hedera Hashgraph (@hedera) September 7, 2021
Near is an open-source, proof-of-stake public blockchain. Its native asset, NEAR, is trading at $8.84 at time of writing and is up 44.6% in the past seven days.
Near was operating a hackathon until September 12th that brought new developers to the protocol’s community, according to the project’s website.
The Mina Protocol is a lightweight blockchain project. MINA is trading at $5.97 at time of writing and is up 42.8% on the week.
The project announced an integration with Polygon last week.
Mina Protocol is coming to Polygon!@MinaProtocol & #Polygon are working towards building a bridge that will enable #developers building applications on Polygon PoS to leverage privacy and verifiability via Mina's zk-SNARK-based protocol.
— Polygon | $MATIC (@0xPolygon) September 9, 2021
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Liu zishan