Top Performing Crypto of the Week: FTM, NEAR, SOL

Top Performing Crypto of the Week: FTM, NEAR, SOL
  • Top performing crypto of the week includes FTM, NEAR, SOL.
  • Fantom is described as a directed acyclic graph (DAG) smart contract platform.

Despite the crypto market’s price drop this week. There are few crypto that show bullish performance over the past week. 

1. Fantom (FTM)

Fantom is described as a directed acyclic graph (DAG) smart contract platform that offers decentralized finance (DeFi) service to developers utilizing its own bespoke consensus methodology. 

More so, along with its in-house token FTM, Fantom aims on solving issues associated with smart-contract platforms. In addition, this mainly focuses on transaction speed, which developers explain that they have decreased to under two seconds. 

Notably, the Fantom Foundation that looks at the Fantom product offering is originally developed in 2018, with the development of OPERA, Fantom’s mainnet on Dec 2019. 

As per CoinMarketCap, the FTM price trades at $1.90 with a 24-hour trading volume of $2,182,790,766, at the press time. The price of FTM spikes over 110% in a week. 

2. NEAR Protocol (NEAR)

NEAR Protocol is a decentralized app platform which is developed to create apps which are usable on the web. Moreover, the platform runs on a Proof-of-Stake (PoS) consensus methodology known as Nightshade which focuses on providing scalability and stable fees. 

According to CoinMarketCap, the NEAR price trades at $11.36 with a 24-hour trading volume of $2,191,574,295, at the time of writing. The price of NEAR surged over 100% in the last 7 days. 

3. Solana (SOL)

Solana is a highly working open-source platform that works on blockchain technology’s permissionless nature to offer decentralized finance (DeFi) solutions. Moreover, the idea and initial work on the project starts in 2017, Solana was officially developed in March 2020 by the Solana Foundation with its headquarter in Geneva, Switzerland.

The price of Solana shows a bullish trend in the last few days. More so, the project focuses on improving scalability by introducing a proof-of-history (PoH) consensus together with the underlying proof-of-stake (PoS) blockchain consensus.
As per CoinMarketCap, the SOL price is trading at $210.75, at the press time. The price of Solana rose over 75% in the last 7 days.

Disclaimer: The opinion expressed in this article solely author’s. It is not interpreted as investment advice. The NewsCrypto team encourages all to do their own research before investing.

Cryptocurrency and blockchain tech interest has enticed Carolyna to write for NewsCrypto. She made her personal mission to help non-crypto geeks to understand the technology with ease.