In the last 7 days, the price of bitcoin has grown 20% due to the great interest of different investment groups in creating an ETF. As a result, altcoins also tend to increase in price.
In this article, we will tell you which coins grew by at least 40% in the last 7 days.
1) Conflux (CFX)
Conflux is a blockchain platform designed to address the scalability limitations that often plague traditional blockchain networks. This chain employs a novel approach called “Tree-Graph Consensus” that combines the benefits of both Proof-of-Work (PoW) and Proof-of-Stake (PoS) mechanisms. This hybrid consensus algorithm enables Conflux to achieve high transaction throughput without sacrificing decentralization or security.
Source: Twitter
So, Conflux’s scalability and security features make it suitable for various use cases. It can facilitate the development of DApps that require fast and inexpensive transactions, such as decentralized finance (DeFi) platforms, supply chain management systems, and gaming applications.
In recent news, Conflux has made significant strides in expanding its ecosystem. It has partnered with leading blockchain projects and institutions, including the Shanghai Science and Technology Committee and the University of Toronto. Additionally, Conflux has received backing from prominent investors, further solidifying its position as an innovative blockchain platform.
Source: Twitter
According to Coingecko, the price of CFX grew 43.3% in the last 7 days. CFX has a market cap of $527 million and a 24-hour trading volume of $273 million.
2) Kaspa (KSP)
The second coin is Kaspa. It is a novel blockchain platform that aims to address the limitations of scalability and transaction throughput. It employs the GhostDAG (Directed Acyclic Graph) consensus protocol. It enables faster confirmations and supports parallel transaction processing. So, Kaspa focuses on providing a scalable and efficient infrastructure for decentralized applications, smart contracts, and digital asset management.
Source: Twitter
Then, Kaspa has been actively enhancing its ecosystem and forging partnerships to accelerate adoption. Notably, Kaspa has collaborated with Bitcoin.com to integrate Kaspa’s blockchain into Bitcoin.com’s suite of services. This integration will enable users to experience the benefits of Kaspa’s scalable blockchain infrastructure while accessing Bitcoin.com’s extensive offerings.
Source: Twitter
According to Coingecko, the price of KSP is $0.025 and grew 42% in the last week. STX has a market cap of $496 million and a 24-hour trading volume of $12 million.
3) Stacks (STX)
The third of these coins is Stacks. It is previously known as Blockstack, takes a unique approach by building a blockchain ecosystem on top of the Bitcoin network. It introduces a new concept called “Stacking” where STX token holders can lock their tokens to support the consensus and secure the network. In return, they earn Bitcoin as a reward.
Source: Twitter
Also, Stacks aims to enable the development of decentralized applications on the Bitcoin blockchain, enhancing its functionality beyond a store of value. By leveraging the security and stability of the Bitcoin network, Stacks enables developers to build decentralized applications while benefiting from Bitcoin’s robust infrastructure.
Source: Twitter
Finally, The Stacks ecosystem has recently gained significant attention with the launch of Clarity, a smart contract language that enhances transparency and security. Stacks 2.0, the next major upgrade, is also on the horizon, introducing features like Stacks 2.0 Mainnet and Stacks 2.0 Token Transfer. These developments demonstrate Stacks’ commitment to expanding the capabilities of the Bitcoin blockchain.
According to Coingecko, the price of STX is $0.83 and grew 74% with a market cap of $1.1 billion and a 24-hour trading volume of $305 million.
Conclusion
Conflux, Stacks, and Kaspa represent three coins that strive to address different challenges in the blockchain space. Conflux aims to provide high scalability, Stacks leverages the security of Bitcoin, and Kaspa focuses on improving transaction throughput. As these platforms continue to evolve and develop, they offer exciting opportunities for developers, enterprises, and users to explore new horizons in decentralized applications and blockchain technology.
The blockchain industry is still in its early stages, and these projects represent innovative approaches to addressing scalability, security, and usability concerns. As the technology matures and more advancements are made, we can expect further growth and adoption of these coins.
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