During the cryptocurrency market recovery, there are altcoin projects that often move “under the radar”. The returns on these projects are attracting more attention from investors, as they top the list of the most profitable assets on the market. In the last 48 hours, when BTC and many other cryptocurrencies have been on the rise, many cryptocurrencies have experienced such a jump. In this article, we will talk about two altcoins that have attracted attention with their rise over the past day.
Mina Protocol rises by attracting developers to the network
According to the latest posts on social media, Mina provides generous grants to support the ecosystem. Thus, it actively attracts new developers to the network. According to the Mina Foundation’s latest tweet, more than 75,000 MINA tokens have been awarded to 57 grantees. In addition, the 30,000 USDC award was announced. After the bull run ended, the popularity of ZK Blockchain plummeted. However, the increase in network load for certain cryptocurrencies poses serious problems. Therefore, the development of scaling solutions still remains a relevant topic.
Mina is #PoweredbyParticipants thanks to active contributors from around the world who build tools, tech, our community, and more!
We are pleased to award over 75K MINA tokens and $30K USDC to 57 grantees for advancing and supporting the ecosystem in Q2.https://t.co/f8X0QdT63m pic.twitter.com/L5JWdZ2xSM
— Mina Foundation 🪶 (@MinaFoundation) October 26, 2022
cryptocoin.com As we reported, Mina Protocol positions itself as a network built to reduce computational requirements to run decentralized applications more efficiently. Compared to other Blockchains, Mina remains one of the lightest networks. At the time of writing, MINA is changing hands at $0.61, up 7.6 percent. The coin has risen close to 20 percent in the last 48 hours.
Popular altcoin Klaytn beats DOGE for profit
On the other hand, Klaytn (KLAY) surpassed DOGE in terms of profit for the last 24 hours. Probably the most popular crypto of recent years, Dogecoin has had a double-digit rally in recent days. However, despite this, DOGE failed to be the most profitable cryptocurrency in the top 100 by CoinMarketCap. The coin, which surpassed the ancestor of all meme coins, was Klaytn (KLAY), which has risen 26 percent in the last 24 hours.
DOGE is still competitive in terms of profitability. However, over the past seven days, KLAY has also done well on a weekly basis, given that it has risen 83 percent. The rise in the price of KLAY, triggered by the proposal to reduce mining rewards on the South Korean Blockchain, continued after a positive decision two days ago. Confirmed decrease in block reward from 9.6 KLAY to 6.4 KLAY. This shift is expected to occur by mid-November, which means there may be continued strong volatility in the price of the cryptocurrency. At the time of writing, KLAY is changing hands at $0.25, up 25.1 percent. The coin went from $0.19 to $0.257 in the last 24 hours.
