5 Blockchain Projects Surpassing Bitcoin’s Recent 30% Growth

The top 5 blockchain projects surpassing bitcoin's recent 30% growth are enlisted here

With Bitcoin's recent 30% growth, the cryptocurrency market has recently experienced tremendous gains in blockchain projects. In the DeFi area and among alt-coins, Conflux ($CFX), Mask Network ($MASK), Stacks ($STX), MAGIC ($MAGIC), and Fantom ($FTM) have seen the biggest growth on the blockchain.

In this article, we'll look at the 5 blockchain projects that have gained massive success with Bitcoin soaring by 30%.

1. Conflux Network

Conflux Network (CFX) increased by 15.6% over the previous 24 hours, 197.94% over the previous week, and 174.88% over the previous month. It has a market value of US$1.1 billion and a US$1.1 billion 24-hour trading volume. The price is currently US$0.42004, 57% below its peak.

Conflux uses a Proof-of-Work consensus method and an Ethereum-like smart-contract language to function as a layer-1, permissionless blockchain. To address enduring issues in the blockchain space, such as scalability, interoperability, decentralization, and security, blockchain researcher Andrew Yao launched Conflux in 2018.

2. Mask Network

Mask Network (MASK) increased by 37.88% during the previous 24 hours, 129% over the previous 7 days, and 58.65% over the previous month. It has a US$487 million market capitalization and a US$483 million 24-hour trading volume. Its price right now is US$6.39442, which is 1% less than its previous peak.

Mask Network is a platform that enables users to exchange encrypted content on numerous social media sites, interact with decentralized apps, and send bitcoin. Using sites like Twitter and the protocol, secure communication is made possible, including the exchange of encrypted messages and bitcoin transactions.

3. Stacks

Stacks (STX) increased by 14.72% during the previous 24 hours, 112.96% over the previous week, and 284.62% over the previous month. It has a market value of US$1.7 billion and a US$589,335,046 24-hour trading volume. Its price right now is US$1.24438, which is 61% less than its previous peak.

A significant update to the Stacks Blockchain 2.0 that was announced on January 14, 2021, called Stacks 2.1 is about to be issued by Stack in the following days. The Bitcoin blockchain is used as the foundation for Stacks, enhancing its capabilities while using its security and sturdiness. Proof of Transfer (PoX), a novel consensus method introduced by Stacks, ties the Stacks blockchain to the Bitcoin network.

By providing greater stacking, integration, and use cases with Bitcoin, the Stacks 2.1 version intends to improve the Stacks ecosystem and make it more appealing to both consumers and developers.

The height of the Bitcoin block at which Stacks 2.1 will be activated is 781,551. As of the time of publication, Bitcoin is on block 781,373.

4. MAGIC

MAGIC (MAGIC) increased by 15.29% during the previous 24 hours, 78.17% over the previous 7 days, and -17.56% over the previous month. It has a US$363,267,826 24-hour trading volume and a market capitalization of US$385,112,321. Its price right now is US$1.81449, which is 21% less than its previous peak.

MAGIC is a member of a unique, developing class of metaverse tokens that are used as money on the decentralized Trove market to purchase and sell NFTs. This token also makes it easier to connect the present and future metaverses. On this platform, several projects are now active, and a few more are in the planning phases. Running projects include, among others, LIFE and Smolverse.

5. Fantom

Fantom (FTM) increased by 12.02% over the previous 24 hours, 63.34% over the previous 7 days, and 81.04% over the previous month. It has a US$3,931,530,732 market capitalization and a US$576,048,956 24-hour trading volume. The current price of US$1.13 is a 44% decrease from its previous peak.

According to the Fantom Foundation, Fantom is a smart-contract platform that offers great speed, scalability, and security. The platform is made up of various distinctive parts. The Fantom Opera blockchain, which acts as the base, comes first. This open-source directed acyclic graph network can execute current smart contracts and generate new ones that communicate with Ethereum contracts since it is compatible with the Ethereum Virtual Machine.