Last week’s market statistics pointed to a big plunge. The biggest player on the market, BTC went down to a value between $57,000 and $58,000, and rose above $60,000 over the past couple of days. At the same time, Ethereum also suffered losses of 11.01%.
While these fluctuations saw the market suffer as a whole, three coins showed impressive growth. These are – Elrond (EGLD), Avalanche (AVAX), and crypto.com coin (CRO).
Elrond rose up to 46.46% in just the last week. On the note of their launch of Maiar DEX DeFi platform, the company announced a $1.29 bn liquidity incentive program. This is one of the largest DeFi incentive programs ever introduced, and will be a big influence on DeFi adoption.
Avalanche (AVAX) soared to 39% in the same time frame. The technology firm behind this coin is Ava Labe, which also announced a collaboration with biggie Deloitte. Currently, AVAX is on position 10 on the market chart with a capitalization of $29.6 billion, and has even surpassed popular coins like DOGE and SHIB.
Crypto.com coin (CRO) rose to 40.62% in the past week. It currently holds the 13th place with a $18.7 billion market capitalization. The coin gained prominence due to its parent company’s purchase of naming rights for a building complex in LA, California, which comprises of the Staples Centre, home to several prominent sporting teams.
This goes to show how even the newest players in the market are capable of massive growth, which also levels the playing field for aspiring crypto developers.