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Why these 3 crypto currencies are exploding despite market correction



On the crypto market, established cryptocurrencies have been having a little hard time in the last few days. Bitcoin, Ethereum, Cardano, and Co. are experiencing a course correction and are stuck at a relatively low level. However, there are also coins that have massively increased in value during this time. We introduce 3 candidates.

Crypto.com (CRO)

Crypto.com is a crypto exchange that gained massive popularity in 2021. Above all, extremely sophisticated and sometimes active branding is bringing the name Crypto.com more and more into the masses. Crypto.com is increasingly promoting itself as a sponsor of sporting events and has recently even secured the naming rights of the famous Staples Center basketball arena, home of the Los Angeles Lakers and Clippers.

The Crypto.com coin is one of the cryptocurrencies that has massively gained in value in the last few weeks and has also achieved high profits in the last week when most of the coins have lost. The Crypto.com price doubled within the last 7 days. The coin is the native token of the Crypto.com chain and is intended to make payments, trades, and financial services easier for users of the platform. 

Avalanche (AVAX)

Avalanche is an extremely exciting project and one of the cryptocurrencies that could play an important role in the market in the long term. The Avalanche Network is one of the many Ethereum competitors who want to improve the weaknesses of ETH and want to offer users and developers a more technically mature blockchain. The AVAX token rose 35% in the last 7 days.

Avalanche relies on more efficient transactions and smart contract functions. Avalanche can process up to 4,500 transactions per second and dispenses with the gas fees that are common with Ethereum. The network uses a system of 3 individual blockchains X-Chain, C-Chain, and P-Chain. The different blockchains even use individually different consensus mechanisms depending on the application.

Elrond (EGLD)

Elrond is another extremely promising project that could result in a promising decentralized internet ecosystem. Elrond also wants to represent an alternative to Ethereum through technical improvements. Like Avalanche, Elrond is characterized by fast transactions, high scalability, and high security.

The Elrond protocol uses what is known as a sharding function. This allows several “nodes” to interact and work together to significantly accelerate the validation process of the transactions. The EGLD token reached a new all-time high this morning (October 23, 2021) and has increased in value by more than 60 percent in the last 7 days.

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