Polkadot, Solana, Cardano- Top Cryptocurrencies Updates This Week

by Analytics Insight
January 12 2022

This article presents the update of the prices of cryptocurrencies such as Polkadot, EGC, Solana and Cardano this week.

Although the volatility of cryptocurrencies has been since the beginning of Blockchain technology, some cryptocurrencies are skyrocketing and providing huge profits to their investors. Even the crypto giants of all time, Bitcoin (BTC) and Ethereum (ETH), took a huge hit to their prices at the end of last year, 2021, and have since suffered a crash so far.

However, many cryptocurrencies continued to rise until the end of 2021 and maintained an upward trend. This article presents this week’s Polkadot, EGC, Solana and Cardano price update.

Polkadot (DOT)

Polkadot live price today is $24.05 with a 24-hour trading volume of $1,764,443,737. Polkadot is down 2.84% in the past 24 hours. CoinMarketCap’s current rating is No. 10, with a direct market capitalization of $23,754,281,469. It has a circulating supply of 987,579,315 DOT coins.

dotted It is an open source multi-threading protocol that connects and secures a network of specialized blockchains. It acts as a network for many blockchains because it facilitates the transmission across the chain of any data or asset types, not just tokens, allowing them to be interoperable with each other. Polkadot is designed to provide the basis for a decentralized Internet of blockchains, also known as Web3.

Ever Grow (EGC)

evergrow(EGC) experienced a 24-hour price change of $0.0000006106 which is a 58.82% increase in its price and was $550 million in the market. It’s the newest project on our list that was launched just 3 months ago. The EGC token is a deflationary code that is designed to become rarer over time. all carriers EGC Earn a bonus of 8% in a constant currency, BUSD, from each buy/sell transaction, while 3% of each buy/sell transaction is used for buyback and burn. In a very short time, the project grew to 128,000 holders and distributed over $32,000,000 in rewards to token holders. The EGC ecosystem consists of NFT lending, the NFT marketplace, a content subscription platform known as Crator, staking pools, and a Play-to-Earn game. Not surprisingly, many analysts expected the project to launch in 2022.

Solana (SOL)

Solana saw a 3.63% price change at $4.81. The current price is $131.47 with a decrease of 3.94% in 24-hour trading volume to yield $1,663,639,840.84. CoinMarketCap has a current rating of 6, with a direct market capitalization of $42,789,754,237. It has a circulating supply of 311,507,449 SOL coins.

Solana It is a very active open source project that builds on the unlicensed nature of blockchain technology to deliver Decentralized Finance (DeFi) solutions. While the idea and initial work on the project started in 2017, Solana was officially launched in March 2020 by the Solana Foundation, based in Geneva, Switzerland.

One of the key innovations Solana brings to the table is the Proof of History (PoH) consensus developed by Anatoly Yakovenko. This concept allows for greater scalability of the protocol, which enhances usability.

Solana is well known in the cryptocurrency space because of the short processing times that blockchain provides. Solana’s hybrid protocol allows significantly reducing transaction validation and smart contract execution times. With its fast processing times, Solana has attracted a lot of institutional interest.

Cardano (ADA)

live today Cardano The price is $1.16 with a 24-hour trading volume of $1,225,018,932. Cardano’s growth rate is 4.59% in the last 24 hours. CoinMarketCap has a current rating of 7, with a direct market capitalization of $38,850,357,261. It has a circulating supply of 33,513,297,532 ADA coins and a max. Supply of 45,000,000 ADA coins.

Cardano is a Proof of Stake (PoS) blockchain platform that enables “change makers, innovators, and visionaries” to create positive global change.

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Insight Analytics

Analytics Insight is an influencer platform dedicated to insights, trends, and insights from the world of data-driven technologies. It monitors the developments, recognition, and achievements of AI companies, big data, and analytics around the world.

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