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%
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%
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%
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%
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%
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.