The native token CSPR is used for payment of network fees, rewards for network validators, and staking. This enables businesses to build blockchain products that adapt to changing consumer needs and market trends. It also offers a unique network feature in the form of upgradeable smart contracts, which means they can be modified after they have been deployed. Casper Network is a business-centered public blockchain that is developer-friendly and enables fast, secure, efficient, and low-cost development of sustainable blockchain-based products. The project, which defines itself as the future-proof blockchain, was created by Medha Parlikar and angel investor Mrinal Manohar. This energy-efficient and flexible consensus protocol enables networks to finalize transactions in a non-binary manner, allowing blocks on the network to be created much faster than other blockchains. Launched in 2021, the Casper network runs on a unique variant of the proof-of-stake (PoS) consensus algorithm known as the Highway Protocol. Recently, the protocol partnered with Terra Virtua to achieve Tamper Proof Authenticity. The decentralized finance (DeFi) project continuously introduces scheduled upgrades to enhance its overall functionalities and drive enterprise adoption across the board. Now, most dApps and users within the Casper Network will have access to a wallet that caters to everyone's needs. The new wallet offers advanced features, including an improved user interface, functional notifications, complete desktop browser support, and enhanced security. The price upsurge could be attributed to this latest development in the Casper ecosystem. The $670.5 million market cap coin is currently managing $20 million in 24-hour trading volume.Īmidst the broader market downturn, the Casper team has remained focused on building and recently released the new Casper wallet. The coin is down 95.4% from its $1.33 ATH but has risen by over 115% YTD. Over the weekend, CSPR gained 18.2% and is now trading at $0.059. Let's now examine the tokens that performed exceptionally well over the weekend.
Other prominent gainers included Render, Krypton DAO, Casper, TomiNet, Blur, Floki, Internet Computer, and Multiverse X. Among the top 200 crypto assets by market cap, Avinoc emerged as the week's biggest gainer, boasting a 183% increase, according to CoinGecko. Consequently, the total crypto market cap swelled to $1.26 trillion before experiencing a downward trend. The cryptocurrency market began on a positive note last week, with Bitcoin reaching the $30k milestone and ETH surging to $1,940.
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