The past weeks and months have demanded a lot from crypto investors. Last but not least, the Russian war of aggression against Ukraine has presented the already troubled market with major problems, the consequences of which were felt, among other things, in mass layoffs, bankrupt crypto companies and massive price slumps of almost all cryptocurrencies. However, since last weekend, the red charts have turned green. The total market capitalization has regained the trillion US dollar mark, Bitcoin is currently trading with a weekly increase of almost 9 percent, Ethereum is even up 38 percent.
On a daily basis, however, it is other altcoins that are taking the crown. The following is an overview of the biggest winners.
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Near Protocol (NEAR): Crypto Stage Victory for Scaling Project
NEAR Protocol (NEAR) course in a 24-hour comparison. Source: Coinmarketcap
The NEAR Protocol has set itself the goal of countering the high transaction costs and the limited scalability of the Ethereum blockchain. The token of the project leads the list of winners within the largest 50 altcoins, writing double-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.
The NEAR Protocol only set this up in January of this year at $ 20.44. At the current $4.41, NEAR is trading well below that. So it might be worth getting started. It is traded NEAR Binance, eToro, Kraken and all other popular crypto exchanges.
Ethereum Classic (ETC): ETH-Hardfork follows Ethereum
Ethereum Classic (ETC) price in a 24-hour comparison. Source: Coinmarketcap
The Ethereum Hard Fork is currently reporting a price growth of 11.30 percent, which can increase its market capitalization to 3.439 billion US dollars. ETC is currently trading at a price of 24.30 US dollars. Of course, this means that the altcoin is still very far from the all-time high that Ethereum Classic set up more than a year ago, on May 6, 2021, at 167.09 US dollars.
Ethereum Classic is a hard fork of Ethereum that was originally developed in response to a hack that received $50 million in Ether from The DAO, an autonomous organization that is 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
The Sandbox (SAND) course in a 24-hour comparison. Source: Coinmarketcap
The token of the blockchain game The Sandbox can hold its own against Flow at the time of writing and has a price jump of 8.93 percent (vs. 8.52 percent). SAND is currently trading at a price of 1.37 US dollars. On a monthly basis, The Sandbox, which recently announced a partnership with Playboy magazine and wants to bring bunnies to the metaverse, looks back on 24.63 percent. On a monthly basis, it is even 70.80 percent.
The altcoin set 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 be traded on Binance, Kraken, eToro and all other popular crypto exchanges.