There was activity in many altcoins in December.
There was activity in many altcoins in December. We left behind a month with ups and downs due to the fluctuations in the market. According to CoinMarketCap data, the top 5 altcoins among 100 crypto assets in terms of market capitalization in December are as follows;
- NEAR Protocol (NEAR)
- Oasis Network (ROSE)
- Terra (LUNA)
- Cosmos (ATOM)
- SushiSwap (SUSHI)
NEAR Protocol (NEAR):NEAR Protocol is a decentralized application platform designed to make applications available on the web. The created network works on a Proof-of-Stake (PoS) consensus mechanism called Nightshade, which aims to provide scalability and fixed fee options. NEAR Protocol is 77% in December. It was the most profitable coin with a rate of 58.
Oasis Network (ROSE):Oasis Network is a decentralized finance (DEFI) system released in 2020, and the system’s cryptocurrency is ROSE. It is a blockchain project that has created a privacy-focused, open-source and scalable data economy. The aim with Oasis Network is to bring together open finance and confidential transaction data in decentralized financial systems. Oasis Network is 47% last December. It was the second highest earning coin with 67 percent.
Terra (LUNA):Terra is a blockchain network built using the Cosmos SDK and specialized in the creation of stablecoins. No fiat money or over-collateralization is used as a reserve. Instead, each Terra stablecoin is convertible to the network’s native token LUNA. Terra, 42% last month. It took the third place in the list of the most earning coins with a rate of 66.
Cosmos (ATOM): Cosmos is known as a decentralized independent parallel blockchain network, each powered by BFT (Byzantine Fault Tolerant) consensus algorithms such as Tendermint consensus. Cosmos is a blockchain ecosystem that can scale and work with each other. Cosmos is 27% in December. It took its place among the top earning coins by 98 percent.
SushiSwap (SUSHI): 23% last month, according to CoinMarketCap data. SushiSwap, which ranks fifth among the most profitable coins with a rate of 26, is a stock market that was formed as a result of forking of Uniswap. The difference from Uniswap is that SUSHI holders have the right to governance and allow them to own a portion of the fees. Simply put, SUSHI holders own the protocol.
You can examine the most profitable altcoins in the past month from the table:
