Polkadot, Solana, Cardano – Top Cryptocurrencies Updates This Week

This article features the price update of cryptocurrencies like Polkadot, EGC, Solana, and Cardano this week.

Although the volatility of cryptocurrencies has been since the inception of Blockchain technology, some cryptos do soar high and provide huge profits to their investors. Even the all-time crypto giants, Bitcoin (BTC) and Ethereum (ETH), received a big blow to their prices towards the end of last year, 2021, and since then experienced a downfall till now. 

However, several cryptocurrencies have continued to soar high towards the end of 2021 and have maintained an upward trend. This article features the price update of Polkadot, EGC, Solana, and Cardano this week.

Polkadot (DOT)

Today's live Polkadot price is $24.05 with a 24-hour trading volume of $1,764,443,737. Polkadot has been down 2.84% in the last 24 hours. The current CoinMarketCap ranking is #10, with a live market cap of $23,754,281,469 USD. It has a circulating supply of 987,579,315 DOT coins.

Polkadot is an open-source multichain protocol that connects and secures a network of specialized blockchains. It serves as the network for multiple Blockchains as it facilitates the cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3.

Ever Grow (EGC)

EverGrow(EGC) experienced a 24hours price change of $0.0000006106 which is a 58.82% increase in its price and was sitting at a $550 Million marketcap. It is the newest project on our list that was launched just 3 months ago. EGC token is a deflationary token designed to become more scarce over time. All holders of EGC earn an 8% reward in a stable coin, BUSD, from every Buy/Sell Transaction, while 3% from Every Buy/Sell Transaction is used for buyback and burn. In a very short time, the project has grown to 128,000 holders and distributed over $32,000,000 in rewards to token holders. EGC Ecosystem consists of NFT Lending, NFT Marketplace, Content Subscription Platform known as Crator, Staking pools & Play-to-Earn Game. It's no surprise that many analysts have predicted the project to break out in 2022. 

Solana (SOL)

Solana experienced a 3.63% price change of $4.81 worth. The current price is $131.47 with a 3.94% decrease in 24 hours trading volume to give $1,663,639,840.84. The current CoinMarketCap ranking is #6, with a live market cap of $42,789,754,237 USD. It has a circulating supply of 311,507,449 SOL coins.

Solana is a highly active open source project that banks on blockchain technology's permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation, with headquarters in Geneva, Switzerland.

One of the essential innovations Solana brings to the table is the proof-of-history (PoH) consensus developed by Anatoly Yakovenko. This concept allows for greater scalability of the protocol, which boosts usability.

Solana is known in the cryptocurrency space because of the short processing times the blockchain offers. Solana's hybrid protocol allows significantly decreased validation times for transaction and smart contract execution. With lightning-fast processing times, Solana has attracted a lot of institutional interest.

Cardano (ADA)

Today's live Cardano price is $1.16 with a 24-hour trading volume of $1,225,018,932. Cardano is up 4.59% in the last 24 hours. The current CoinMarketCap ranking is #7, with a live market cap of $38,850,357,261 USD. It has a circulating supply of 33,513,297,532 ADA coins and a max. supply of 45,000,000,000 ADA coins.

Cardano is a proof-of-stake(PoS) blockchain platform that allows "changemakers, innovators, and visionaries" to bring about positive global change.