Cardano, Solana, Binance Coin, Matic & Avalanche – This week’s prime updates on these cryptocurrencies – Analytics Perception

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Cardano, Solana, Binance Coin, Matic & Avalanche – This week’s top updates on these cryptocurrencies

The crypto market ended the week plunging, with most major cryptocurrencies falling. Although things seem to have stabilized by the end of the week, the crypto community believes the marker is rebounding strongly. But cryptocurrencies were not unaffected by the slump either, some remained bullish during this period. Here are the top updates of the week you should know about.

1. Cardano

Cardano is one of the major cryptocurrencies hit by the current slump. The coin has been crashing for seven days. But this isn’t the first time Cardano has been in this situation and recovered. There is so much to come that will make the Cardano bullish once the market stabilizes.

The Hydra upgrade is the next big thing that will drive Cardano prices higher in the future. This is a Layer 2 scalability solution that improves the transaction speed of the Cardano network. The team has also announced that more dApps will go live on the network after the protocol upgrade.

SundaeSwap and MuesliSwap are some of the dApps that have been confirmed to be released soon. Cardano comes back strengthened from the dip.

2. Solana

The last week did not go well for the Solana team either. $ SOL is one of the coins that crashed. But this is one of those cryptocurrencies that doesn’t give up easily. Solana is a super sturdy cryptocurrency and it will definitely come back out of the flask even stronger due to a number of things.

First, the fastest blockchain in the industry means more new users will be joining the Solana. The number of developers is expected to increase, and this will increase Solana prices. In its Roadmap 2022, the Solana team has a strategy to make the mainnet more efficient and to increase its tps rate.

The team is also planning further DeFi, NFT and Web3 projects in the Solana network. All of these are factors that make Solana recovery stronger.

3. Binance coin

Binance Coin didn’t end the week on a high. It is one of the cryptocurrencies that has been hit hard by the current drop in prices. But Binance is not just another cryptocurrency. It is currently one of the most sought-after coins. Therefore, we can assume that it will recover strongly and hit the project price of 2022.

Binance Exchange is currently the largest cryptocurrency exchange in terms of daily tokens traded. The number of bep20 tokens has increased as the number of projects in the Binance Smart Chain has grown rapidly. These factors have not changed and are expected to get even bigger in 2022.

Hence, the Binance coin has everything it needs to recover stronger. Buying Binance Coins now could be the best decision investors can make today.

4. Bit device

Bitgert is one of the coins that has grown exponentially over the past week. When other coins, including the major cryptocurrencies, collapsed, Bitgert was in the moonlight. The coin also grew in value by nearly tripling its market capitalization. This growth is due to several things that happened at Bitgert this week.

First of all, the beta version of the Brise-Börse will be announced at the end of February. Centralized cryptocurrency exchange will be a big deal at launch. The team also posted the images of the breeze exchange. The introduction of the Bitgert zero gas fee exchange has played a major role in this growth.

The Bitgert team’s doxxing also took place this week. These are some of the developments that changed the course of the Bitgert coin this week. Visit the Bitgert website for more.

5. Centcex

Centcex is the only cryptocurrency on the list that has liked all along. It’s still green while all other cryptocurrencies are red at the time of this writing. The Centcex project has attracted many crypto investors, mainly because of the tremendous benefits it promises.

Centcex will develop a huge collection of products that run in its ecosystem. As the team says, the Centcex laboratory will develop an unlimited number of products. The laboratory is funded through a 3% tax on all transactions that take place in the Centcex ecosystem.

With the 100% APY staking reward and the large number of upcoming products, the platform attracts a lot of crypto investors. The Centcex exchange is a product that is in the development phase. Read more about the project on the Centcex website.

6. Matic

Matic, a native polygon blockchain token, is one of the coins that has broken in for most of the week. However, Matic is one of the cryptocurrencies that could celebrate one of the biggest comebacks. This is due to several expected developments.

As one of the smart contracts that improve the scalability of Ethereum, Polygon (MATIC) is still one of the most sought-after platforms by developers on the Ethereum network. Hence, Matic is expected to do well until the Ethereum network can offer a better experience than Polygon.

This week, Matic also got stronger with Polygon’s announcement that it would acquire additional scaling solutions in the past few months. Hermez, Nightfall, Miden, and Zero are some of the new scaling protocols that Matic is expected to grow larger once the slump wears off.

7. Avalanche

Avalanche has also seen prices falling over the past week. The coin has not stabilized yet, but the new week could be better. But Avalanche is not just another coin, it is currently the fastest smart contract. This is measured in the time to finality.

The Avalanche team is working to improve the contract even more efficiently and faster. The team also plans to add more utility to the platform in order to attract users. A look at Avalanche Q1 2022 shows a very robust smart contract.

Therefore, more developers will join the Avalanche Smart Contract. There are also so many projects supported by the Avalanche contract and all of this development will have an indirect impact on AVAX prices. Therefore, the AVAX will come back stronger.

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