Four Altcoins Soar As Bitcoin, Ethereum, Majority Of Crypto Markets Pull Out

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The price of several crypto assets under the radar is exploding despite a persistent downtrend in the markets.

Patriotic ConstitutionDAO saw its native PEOPLE token jump 61% this week. The project was initially born to finance the purchase of a rare original copy of the Constitution of the United States, but was ultimately unsuccessful at a Sotheby’s auction in November.

The altcoin PEOPLE experienced unexpected strength despite an offer from the project founders to repay the $ 47 million raised, less gasoline costs. At the time of writing, the token is priced at $ 0.13.

The Decentralized Social Network (DESO) is also shining this week, which aims to address the scalability needs of social media platforms. The project has already received funding from billionaire investor and crypto advocate Chamath Palihapitiya’s Social Capital and just this week it was listed on the Coinbase Pro trading platform.

DESO soared, gaining 61% to trade at $ 153.54 as word of Coinbase’s announcement spread.

The Climate Neutral Development Platform Near (NEAR) is up an impressive 30% this week, including a 10% increase today to $ 10.18.

The project website says Near provides scaling solutions to help increase adoption of Web 3.0.

“The designer economy requires a robust infrastructure comprising a set of intuitive development tools and an engaged, decentralized community.”

The latest notable altcoin on the move this week is the FLUX cloud computing project (FLUX), which offers a comprehensive suite of developer-friendly tools for Web 3.0 and decentralized applications (DApps).

The FLUX native token can be used to purchase resources, secure nodes, and fuel network transactions.

FLUX recently received a boost when popular crypto marketplace Binance announced that the token would be available on its trading platform.

Creator of the Zelcore digital wallet and formerly known as Zelcash, FLUX has jumped 37% over the past week to $ 1.78.

Unlike these trending altcoins, the major crypto Bitcoin (BTC) fell 7% over the same period to hit $ 47,311.

Second-ranked Ethereum (ETH) is also down 14% to $ 3,708 at the time of writing.

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