Despite a prolonged downtrend across the market, some radar crypto assets are exploding in price.
The Patriotic Constitution DAO has seen a 61% leap in native token PEOPLE this week. The project initially came about to crowdfund the purchase of a rare original copy of the US Constitution, but eventually failed at the Sotheby’s auction in November.
Despite offering to refund the $ 47 million raised by the project’s founder minus gas charges, PEOPLE Altcoin is showing unexpected strength. The price of the token at the time of writing is $ 0.13.
Also shining this week is Decentralized Social (DESO), which aims to solve the scalability needs of social media platforms. The project was previously funded by the social capital of billionaire investor and crypto advocate Chamat Palihapitiya and was listed on the Coinbase Pro trading platform this week.
As the news of Coinbase’s announcement spread, DESO rose further, rising 61% to trading at $ 153.54.
Climate-neutral developer platform Near (NEAR) has risen 10% this week to $ 10.18 today.
According to the project’s website, Near offers scaling solutions that can help increase Web 3.0 adoption.
“The creator economy requires a robust infrastructure with a set of intuitive developer tools and a dedicated decentralized community.”
The last notable altcoin on the move this week is the cloud computing project FLUX (FLUX). It provides a comprehensive suite of developer tools for Web 3.0 and decentralized applications (DApps).
The native token FLUX can be used to purchase resources, secure nodes, and facilitate network transactions.
FL UX was recently boosted when the popular crypto market Binance announced that tokens would be available on its trading platform.
FLUX, the creator of the Zelcore digital wallet and formerly known as Zelcash, has risen 37% to $ 1.78 over the past week.
In contrast to these trends in altcoin, the major cryptocurrency Bitcoin (BTC) increased 7% over the same time frame to $ 47,311.
Second place Ethereum (ETH) also fell 14% at the time of writing to $ 3,708.
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Featured images: Shutterstock / Larich / Chuenmanuse / pikepicture / Sensvector
