The recent release of several macroeconomic indicators has provided some momentum and improvements that the cryptocurrency market has been warmly seeing welcomed. This led to major cryptocurrencies such as Bitcoin and Ethereum recovery One of the recessions that the majority of cryptocurrencies – the less well-known ones – have followed.
Here are five cryptocurrencies that have been making impressive gains recently and are worth keeping an eye on in the coming days.
Clay
the The Klaytn ecosystem It is a blockchain dedicated to creating the metaverse. Manufactured by the South Korean company Kakao, the ecosystem is built with one thing in mind; To be decentralized, giving equal opportunity to the participants in the ecosystem. Klaytn also has a clear road map for future developments.
according to Queen GekkoKlaytn’s native token, KLAY, swelled by 63% on the weekly timeframe. Token investors can enjoy the gains for now as KLAY tries to conquer the resistance at $0.3182, which if broken, could open the way to reclaim the October 2022 highs.
COVER ART/ILLUSTRATION VIA CRYPTOSLATE
CFX
Conflux is among the most promising cryptocurrencies and has been around since 2018, being the only cryptocurrency company to have Beijing’s blessing even as the country banned Crypto products again in 2021. Recently, the network has moved from using only Proof of Work to a combination of Proof of Work and Proof of Stake, bringing the best of both worlds together.
The value of CFX, the ecosystem’s native token, has exploded in the past few weeks with gains of more than 400% in the monthly schedule. As of this writing, the coin is at $0.1488 as the bulls attempt to settle above the April 2022 CFX support at $0.1485. Investors and traders watching this symbol should watch if CFX settles above the mentioned support level as consolidation at this level will open higher highs for investors.
Image: Kraken Blog
HFT
HFT is a metaverse based token designed to be used in the Hashflow ecosystem. Hashflow is a uniquely built decentralized exchange that does not use automated market makers which is an industry standard in cryptocurrency exchanges. Instead, Hashflow uses a Quote request formwhich allows for more efficient pricing giving investors and traders better prices for their currencies.
HFT price has been rising since last month, seeing positive growth on all timeframes. According to CoinGecko, the token is up 188% on the monthly time frame with significant gains also on smaller time scales. With HFT bulls targeting November 2022 price levels, investors and traders could miss out on huge gains if the momentum continues.
blur
The original token of the Blur NFT Market. This was the token released Earlier this week, it was airdropped from traders, sponsorship package holders and creators. The hype surrounding BLUR is justified Recently On-chain developments that consistently support the positive sentiment in the market.
Ranked 101 on the list of top cryptocurrencies, the token is up 33% in value today alone. But since its launch, BLUR has gone up by 400% in the past Graphs With the bullish momentum continuing.
Crypto total market cap at $1 trillion on the daily chart | Chart: TradingView.com
AGIX
Artificial intelligence has been growing in use cases since the proliferation of machine learning. Popular AI applications such as ChatGPT have proven the usefulness of AI in the workplace, driving big tech companies to it Investing billions in research and development of artificial intelligence.
Riding the AI tech bullish trend, SingularityNET’s AGIX token has gained 122% in the past month. With the token settling at support at $0.42899, AGIX is likely to see a larger upward movement in the coming days.
(Disclaimer: The cryptocurrencies discussed in this piece are known to have a high degree of price swing. Because of this, the potential for financial loss as a result of investing in currencies of this type is significant.)
Featured image from Watcher Guru
