Top 5 Cryptocurrencies That Gave Highest Return After Market Recovery - Top 5 projects include Conflux (CFX), Mask Network (MASK), Stacks (STX), MAGIC (MAGIC), and Fantom (FTM).

    The past weekend has seen the recovery of the crypto market. The world’s largest cryptocurrency Bitcoin surpassed $28K late on the evening of March 19 – its highest price since June 2022. Along with the market’s recovery, here are 5 projects with the biggest returns in the past week.

    Conflux (CFX): 197%

    Source: CoinMarketCap

    With a bounce of 197% over the past week and 174.88% over the past month, Conflux (CFX) has become the project with the strongest growth. CFX is now trading at $0.43, up more than 10% over the last 24 hours.

    Conflux is a layer-1 blockchain with EVM compatibility and an ability to process more than 400 transactions per second. Founded in 2018, its mission is to solve age-old challenges including scalability, interoperability, decentralization, and security.

    Mask Network (MASK): 129%

    Source: CoinMarketCap

    Mask Network (MASK) also recorded a strong growth, 1295 over the past week and 58.65% over the past month. Mask Network has a market cap of $487 million and is trading around $5.7.

    Mask Network was developed with the aim of becoming a bridge connecting internet users from Web 2.0 to Web 3.0. The underlying technology of Mask Network is an Ethereum-based peer-to-peer encrypted messaging application for social networks such as Twitter or Facebook.

    Stacks (STX): 112%

    Source: CoinMarketCap

    STX is up 284.62% over the past month and is trading at $1.21. Stacks is a blockchain that brings smart contracts, DeFi, NFTs, and decentralized applications to Bitcoin. The platform is open-source, and utilizes a unique connection to Bitcoin through its consensus mechanism called Proof-of-Transfer. Stacks native token, STX, is used to pay for transactions and other resources on the network.

    MAGIC (MAGIC): 78%

    Source: CoinMarketCap

    Despite an increase of 78.17% in the past week, MAGIC (MAGIC) is still down 17.56% from 1 month ago. MAGIC has a market cap of around $385 million and is trading at $1.8 at the time of writing.

    MAGIC is a cryptocurrency project launched in 2021 and works on Ethereum’s layer-2 Arbitrum. MAGIC is a cross-game currency that connects games, players, metaverses, and communities, all within Web 3.0. The token was launched in September 2021 so its community could buy and sell in-game NFTs on Trove, Treasure’s marketplace. It also acts as a reserve currency for Treasure’s metaverse.

    Fantom (FTM): 63%

    Source: CoinMarketCap

    Fantom (FTM) is up 63.34% in 7 days and 81% in the past 30 days. The market cap of FTM is currently around $3.9 billion and is trading at $0.49. In January 2023, Fantom announced a new product called Ecosystem Vault, a decentralized funding mechanism aimed at financing blockchain projects. The project over the past year has also actively improved its security system through various efforts.

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