Despite the continued decline in the crypto money market, which cryptocurrencies remained the strongest in this decline?
The increasingly negative news, especially in recent days, has greatly affected the cryptocurrency market. Altcoins suffered the most from the declines. Despite the crypto market falling, which are the strong altcoins that have survived this decline?
1- Maker (MKR)
The decentralized finance protocol Maker is a smart contract platform based on the stability of the DAI token price while remaining stable to the US dollar. It allows users to create and manage DAI currency. Based on the Ethereum blockchain, MKR became the top-selling altcoin of the week.
2- Yearn.finance (YFI)
Yearn.finance (YFII) is a project of the decentralized finance (DeFi) protocol Yearn.finance (YFI). The project, which started its activity in July 2020, aims to optimize revenues for DeFi investors. YFII is the native token of this project. It rose 17 percent, making it the second-highest rising altcoin of the week.
3-Stacks (STX)
STX is the first layer blockchain solution designed to deliver smart contracts and decentralized applications to the BTC network. Smart contracts are transferred to the BTC network with minimal compromise on the features that make them powerful, such as trust and stability. It rose 16 percent, making it the third-highest rising altcoin of the week.
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