The cryptocurrency market is displaying a slight bearish momentum. Yet, three cryptocurrencies are still exploding. This article is all about the top 3 cryptocurrencies that are displaying great performance. Let’s take a look at it in more detail.
Top 3 Cryptocurrencies: Crypto.com (CRO)
Crypto.com, previously identified as Monaco, is a platform that permits the exchange, lending, and payments through cryptocurrencies by its debit card. Crypto.com is one of the leading platforms in the blockchain world. Crypto.com is constantly placing itself as a sponsor of sporting competitions and has lately even secured the naming rights of the famous Staples Center basketball arena.
The Crypto.com Coin is one of the cryptocurrencies that has massively gained price in the past few weeks and has also gained high profits in the last week when most of the coins have dropped. The Crypto.com price increased within the last 7 days. The coin is the native token of the Crypto.com chain and is intended to make payments, trades, and financial services easier for users of the platform.
Top 3 Cryptocurrencies: Avalanche (AVAX)
Avalanche is an extremely exciting project and one of the cryptocurrencies that could play an important role in the long term. The Avalanche Network is one of the many Ethereum rivals who want to fix the vulnerabilities of ETH and want to give users and developers a more technically sophisticated blockchain.
Avalanche relies on more effective transactions and smart contract functions. Avalanche can process up to 4,500 transactions per second and dispenses with the gas fees that are common with Ethereum. The network uses a system of 3 individual blockchains X-Chain, C-Chain, and P-Chain. The separate blockchains even use exclusively different consensus mechanisms depending on the application.
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Top 3 Cryptocurrencies: Elrond (EGLD)
Elrond is another remarkably promising project that could end in an assuring decentralized internet ecosystem. Elrond also aspires to signify an alternative to Ethereum through technical developments. Like Avalanche, Elrond is defined by fast transactions, high scalability, and high security.
The Elrond protocol utilizes what is recognized as a sharding function. This enables several “nodes” to communicate and work together to significantly accelerate the validation process of the transactions.