Over the past week, the crypto market has endured the bears' activities. Although most of the top tokens were affected, a number of them are gradually returning to the top. For instance, XRP is up by 5.95% in the last seven days while seeing a decline of 0.71% in the last 24 hours. Below are the top 5 worst performing crypto over the last seven days in the market.

Anchor protocol is a platform that offers traders lending and borrowing services across the crypto market. It allows traders to earn rewards of up to 19% on all stablecoin deposits on the platform. Lenders are the major beneficiaries as they can earn rewards on their stablecoins while eliminating high volatility. Traders can enjoy the benefits of holding LUNA tokens while borrowing them out to earn profits on the protocol. Regarding its performance. The native token of the protocol, ANC, is presently trading at $3.22, with a decline of 28.40% in the last seven days. In the last 24 hours, its trading volume has been around $90,723,992. The token's market cap is $846,378,406, with about 263,056,492 ANC tokens presently in circulation.

Fantom is a platform that allows developers to carry out their activities using its special algorithm. Using the FTM native token eliminates basic issues that plague other platforms in this regard. One of the most significant features is the transaction speed which is the fastest across the sector. It acts as an alter ego for Ethereum, providing the basic activities that the network provides for traders and developers alike. Andre Cronje's exit definitely made an impact on this crypto.

FTM is presently reading around $1.18 in the last 24 hours, posting a price decline of 17.29% in the last seven days. It is a trading volume of 427,046,373 and a market cap of $3,003,035,348 in the last 24 hours. Presently, there are 3,175,000,000 FTM tokens in circulation.

Mina protocol enables users to run dApps efficiently by curtailing the computation needs of the apps. The blockchain is the smallest blockchain in size, despite the growing number of users on the network. Also, it adds a mix of balance when it comes to security and decentralization. Before October 2020, the project was called the Coda protocol. Presently, the native token of the platform, MINA, is trading at $1.68, with a drop of 14.15% over the last seven days. The token boasts a market cap of $697,801,925 with a trading volume of $32,409,305 over the last 24 hours. Presently, there are about 414,440,458 MINA tokens in circulation.

Oasis network is a scalable layer one blockchain that concentrates on high throughput and low transaction fees. Its secure architecture provides a haven for projects in the crypto sector, including NFTs, DeFi, Metaverse, Web3, and others. One of its core responsibilities is to help push Web3 forward through its early stages to full adoption across the sector. The native token of Oasis Network, ROSE, is presently trading around $0.217, seeing a decline of 9.70% in the last seven days. The token's trading volume in the previous 24 hours is around $55,380,185, while its market cap in the same duration is approximately $759,519,126. ROSE presently has about 3,493,014,306 in circulation.

Algorand was designed to be a blockchain that would sustain itself and provide support to the majority of the applications in the decentralized finance sector. The network provides security, sustainability, and efficiency, mirroring the most stable apps outside the crypto sector. The network also supports computation that gives a basis for a new form of trust. Since December 2020, Algorand has handled nothing less than 1 million daily transactions. Presently, ALGO trades at $0.702, seeing a decline of 9.43% in the last seven days. It boasts a market cap of $4,654,253,991 and a trading volume of $70,860,306 over the last 24 hours. It currently has about 6,627,013,432 tokens in circulation.

With the bears roaming across the market in the last few days, it is paramount to note that the entire market is facing a general decline. However, traders can still make most of the bear market by purchasing promising tokens. It is also advisable to ensure that you are tactical with buying the dip during this period. This ensures that you do not continue to lose when the general market starts witnessing a bull run. Besides that, traders should look carefully into the tokens they wish to commit with and diversify their portfolios in case of a prolonged general market drop in price.

The digital asset industry is currently one of the most profitable industries, hosting numerous projects centered around blockchain. Since Bitcoin's sudden success, many people have leveraged crypto technology to create unique ecosystems to benefit the growing industry. These networks come with unique use cases, algorithms, and purposes. Similarly, many of these chains also have a native token, helping them with affairs. In this article, we will be looking into everything concerning Algorand.

Algorand is a relatively new blockchain, hoping to prioritize security, scalability, and decentralization. With the growing interest in the digital assets space, there has been a widespread need for a scalable and fast platform. This, in turn, may enable faster transaction settlement.

Similarly, Algorand seeks to increase cryptocurrency utility by helping users finalize transactions within a short time. In settling transactions, time is vital. Users want a quick implementation of commands, saving time and energy. However, because of the traffic on blockchains, most ecosystems, such as Bitcoin and Ethereum, suffer from slow and high-cost implementation.

Indeed, this platform plans to change the status quo, particularly in the digital asset space. Algorand hopes to bring certain changes to optimize security and speed. One of the ways it plans to achieve this is by distributing its native token to each block for people who own some portion of the token in the wallet.

Also, the platform allows everyone to create or build smart contracts. They can also create new assets with this feature. Further, the unique feature attracted numerous investors. In 2018, the project received $62 million from an investment group, enabling it to work on the protocol. With that said, Silvio Micali—a computer scientist and professor, created the unique network in 2019. Micali is an academician, and this could have helped the platform’s development.

Algorand's primary focus is to optimize speed so that users can finalize transactions within seconds. For blockchain technology to compete with mainstream platforms, the former has to find a suitable way to speed up transactions. Indeed, the open-source network prioritizes payments settlement. It aims to make faster settlement accessible for users.

It’s safe to state that this ecosystem leverages a proof-of-stake. Proof-of-stake prioritizes mining based on the number of coins a miner has. So, people with more cryptocurrencies can mine more assets. Following the problems associated with proof-of-work (PoW), this mechanism hopes to resolve scalability issues. Also, PoS consumes lesser power, making it theoretically more affordable and efficient.

In the digital asset industry, miners use lots of power in the mining process. Similarly, for miners to get new cryptocurrencies, they need to solve some mathematical equations—consuming power before giving rewards. This made it necessary to find a better way to mine assets without compromising security, which birthed a proof-of-stake mechanism.

Algorand is a blockchain that allows users to stake assets. Also, it can accommodate a series of decentralized applications while maintaining speed. Decentralized applications are crucial for many blockchains as they assist with a quick settlement. These applications are programs run on blockchains for special additions, such as gaming and finance applications. Depending on the blockchain’s purpose, decentralized applications can have numerous uses. Additionally, dApps are also decentralized, which means the community has control of the application and not a single entity.

Scalability is the ability of a blockchain to handle a larger workload or demand efficiently and readily. Today, many blockchains have scalability problems, which means that they cannot handle or process the influx of new transactions at record time. This led to the creation of new ecosystems that are highly scaled.

Ethereum, for example, suffers from scalability issues. Unfortunately, the growing projects on the blockchain have skyrocketed the gas fee. Also, the network is quite slow, which means that you may have to wait for some minutes to finalize payments.

Programmers and developers may benefit from the network’s Algorand standard asset (ASA). This protocol enables the making of new assets or the transfer of existing ones to the network. Indeed, the blockchain can accommodate others assets through the protocol—making it easier for users to access prompt payments. Because this network prioritizes speed, users may enjoy noticeably faster settlement.

Algorand optimizes operations by leveraging two layers on the network. One of the layers enables asset creation, atomic swap, and decentralized applications. The network wants to strengthen security, and it does this by taking up these features in layer one, which is the network. It's not surprising to find that many chains have valuable and vulnerable processes in layer-1.

Also, the main layer can make Algorand standard assets, and they can be either new or old assets, depending on your choice. It’s safe to state that smart contracts on the platform are also one layer-1, which should strengthen security. Security is vital on many platforms, particularly with blockchain-based assets. Without sufficient security, systems may become compromised, thereby endangering the network.

The layer-2 is for larger and more complicated dApps and smart contracts. The separation prevents applications from slowing the system—making it reasonable to process some of these tools in the second layer. Ideally, simple processes are on layer-1, helping it maximize security while enabling the smooth running of the network.

Algorand's staking is unique when you compare it with other protocols in the industry. For instance, the network leverages a new category of PPoS, which is pure proof-of-stake. This is a slight variant of the usual protocol.

For instance, this consensus allows users to participate in staking with just one ALGO token. However, for popular assets like Ethereum, the requirements are stricter. With this new consensus, the project hopes to achieve inclusivity, protection, and speed. Also, it claimed that the throughput ensures fasts finality.

Ethereum, for instance, requires 32 ether for user participation. Because of Ethereum’s price today, users may find it challenging to take part in affairs. Still, this may also cause a lot of unwanted behavior or actions, especially since the staking requirement is quite low. Indeed, both situations have their merits and demerits. Algorand, on the other hand, may improve inclusivity due to the lower requirements.

Users holding ALGO can propose or vote on proposals. Before the system allows users to make proposals, they need to stake their ALGO, the platform's native currency.

C3 protocol, a project associated with Algorand network, recently raised $3.6 million for a new DeFi project. Rand Labs, which made some Algorand projects, such as My ALGO wallet, also built C3. The project hopes to create a layer with cross-chain functionality. This would permit collateral and margin across multiple chains.

It seems the project focuses on bridging gaps between TradeFi and DeFi. The decentralized finance industry is also one of the biggest communities making waves due to the demand for finance-based products. This makes it necessary to have a platform that can explore different chains.

Algorand is a blockchain, prioritizing speed and security. It’s safe to state that these features are crucial in a public chain to ensure efficiency. Especially with the scalability issues in this growing industry, this network may be an alternative for users who seek a platform with faster transaction implementation.