Altcoin News

These Four Mid-Cap Altcoins Are Surging Despite the Crypto Market Downturn

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.

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.

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.



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Featured Image: Shutterstock/Liu zishan

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