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Not a day goes by in the cryptocurrency market without some of the thousands of cryptocurrencies making huge profits for their investors while others crash. In the top 50 of the largest cryptocurrencies, the rises and falls are less dramatic, but Bitcoin, Ethereum and co. are also volatile, sometimes falling 5 percent or rising 10 percent Today, July 5, the signs are pointing more towards growth. A large part of the most valuable altcoins tend to rise five or more percent, and the key cryptocurrency Bitcoin can also rise more than 4 percent in a 24-hour comparison. Meanwhile, Ethereum is up over 8.5 percent, BNB a good 6 percent, and Solana nearly 7 percent.
But some of the biggest altcoins are also posting double-digit gains. Among them Polygon, Cosmos and Uniswap.
Polygon Course (MATIC): Gold Medal for Layer 2 Solution
Among the biggest altcoin gainers is Polygon (MATIC), which is up 12.6 percent over the 24-hour period to trade at $0.509. MATIC currently has a market cap of $4.085 billion, but is still down 14.5 percent month-over-month.
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Polygon is a layer 2 solution for Ethereum. The project helps make applications and dApps on the blockchain faster and cheaper. Currently, Ethereum is only capable of executing 30 transactions per second, often at high fees. Polygon increases the speed to 65,000 transactions per second.
With the upcoming transition from Ethereum to Ethereum 2.0, the second largest cryptocurrency wants to address this issue. In the spring, we took a closer look at whether this would pose a threat to Polygon:
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Cosmos (ATOM) Course: Silver for Interoperability
The Cosmos network wants to ensure interoperability between blockchains with the platform’s own ATOM token. This is obviously going well, as the altcoin is up 9.52 percent in the last 24 hours and is currently trading at $8.85.
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Cosmos only reached its all-time high in January of this year at $44.45. So there is still (a lot) room for improvement. If you want to learn more about Cosmos, we have written everything important about the project at the BTC Academy.
Uniswap Fee (UNI): Bronze for DAO tokens
UNI, the token of the decentralized exchange Uniswap, has secured the bronze medal of the major altcoins thanks to a surge in the last few hours. For example, UNI is currently trading at $5.26, up 9.5 percent from the same time yesterday. On a weekly basis, however, there was a 1.5 percent decline.
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