Amidst market volatility, Casper Network, the enterprise open network cryptocurrency built for Web3, has seen gains of over 25% over the past week.
(CSPR) is this week’s winning cryptocurrency, with its value up 25,3% since Monday, according to data from cryptocurrency price monitoring platform CoinMarketCap.
The Casper Network price has been seeing significant gains this week as the project’s developers announce new improvements and developments to it.
For example, last Wednesday, Casper Network developers announced the launch of CEP-78, a new enterprise-grade NFT standard designed to grow the non-fungible token ecosystem being built within the Casper Network. As they explained on Twitter, CEP-78 is developed to facilitate seamless connection to existing technology stacks.
Market analysis platform Coin360 also noted that the expansion of the Casper ecosystem and network, through its alliances and partnerships with other industry platforms, such as Hyperledger, Ledger, GitHub and Waterdrip Capital, among others, is also influencing the price increase that its CSPR cryptocurrency has seen in the last 7 days.
Coin360 also highlighted the announcement of Casper 2.0 as a major factor that has positively impacted the price of CSPR, as well as updated statistics on the circulating supply of this cryptocurrency.
CSPR up more than 25% this week
The CSPR cryptocurrency is trading on the market with a value of $ 0,036 dollars per unit, at the time of writing this article. Its price has grown by 25,3% in the last 7 days and by nearly 4% in the last 24 hours.
In addition to this, CSPR’s market cap rose by 3,98% to reach $376,95 million currently.
CSPR trading volume has surpassed $18 million, growing by over 27% on Monday. Over the past week, this metric has increased by over 300%. As of Monday, October 3, CSPR trading volume was less than $4,4 million on a daily basis.
Source: CoinMarketCap
What is Casper Network?
Casper Network is a decentralized blockchain that maintains an enterprise focus. This network was developed to support future applications and accelerate the adoption of blockchain technology in businesses and corporations.
On its website, Casper defines itself as The first open source blockchain built using the Casper CBC frameworkCasper Network uses proof-of-stake consensus, allowing it to be energy efficient and environmentally friendly.
Casper Network developers are currently working on a new version that will optimize the protocol's features, making it faster, more secure, and more efficient. This new version of the blockchain protocol will also bring new accessible and intuitive experiences to the user community.
Casper Network (CSPR) was listed earlier this month on Spanish cryptocurrency platform Bit2Me, joining as one of the 182 crypto assets and tokens the company offers through its digital wallet.
Continue reading: SWEAT, ERG and RVN arrive in Bit2Me Wallet along with a dozen other new cryptocurrencies
Main image by Waterdrip Capital
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