The top altcoins of the day

Not a day goes by in the crypto market without some of the thousands of cryptocurrencies making big profits for their investors while others crash. In the top 50 of the largest cryptocurrencies, the increases and collapses are less dramatic, but Bitcoin, Ethereum and Co. are also volatile, sometimes falling 5 percent or rising 10 percent. Today, July 5th, the signs are more towards growth. A large part of the most valuable altcoins tend to be up five or more percent, and the key cryptocurrency Bitcoin can also increase by more than 4 percent in a 24-hour comparison. Ethereum, meanwhile, is up over 8.5 percent, BNB a good 6 percent and Solana almost 7.

But some of the largest altcoins are also posting double-digit gains. Among them Polygon, Cosmos and Uniswap.

Polygon (MATIC) Course: Gold Medal for Layer 2 solution

Among the altcoins’ biggest 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 it’s still down over 14.5 percent month-on-month.

Polygon is a Layer 2 solution for Ethereum. The project helps to make applications and dApps on the blockchain faster and cheaper. Ethereum is currently only capable of executing 30 transactions per second, often at high fees. Polygon increases speed to 65,000 transactions per second.

With the upcoming transition from Ethereum to Ethereum 2.0, the second largest cryptocurrency wants to tackle this problem. In the spring, we took a close 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 token ATOM. This is obviously going down well, as the altcoin is up 9.52 percent over the past 24 hours and is currently trading at $8.85.

Cosmos only hit its all-time high in January of this year at $44.45. So there is still (a lot) room for improvement. If you would like to learn more about Cosmos, we have written down everything important about the project in the BTC Academy.

Uniswap (UNI) rate: Bronze for DAO tokens

UNI, the token of the decentralized exchange Uniswap, has secured the bronze medal of the top 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 minus of 1.5 percent.

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