The recent release of several macroeconomic indicators provides some encouragement and improvements that warm the crypto market welcome. This led to major cryptos like Bitcoin and Ethereum bounce back of the slumps that caused the majority of digital currencies – the lesser known ones included – also followed.
Here are five cryptos that have made impressive gains lately and are worth keeping an eye on in the coming days.
CLAY
At Klaytn Ecosystem is a special building block for creating a metaverse. Created by the South Korean company Kakao, the ecosystem is built with one thing in mind; it is decentralized, giving equal opportunities to the participants of the ecosystem. Klaytn is also clear road map for future development.
according to CoinGecko, KLAY Klaytn’s original token has ballooned 63% in weekly time. Investors in the token can profit now as KLAY is trying to overcome the resistance at $0.3182 which, if broken, could pave the way for reaching the highest price in October 2022.
COVER ART/ILLUSTRATION VIA CRYPTOSLATE
CFX
Conflux is one of the most promising cryptos and has been around since 2018, being the only crypto company that has the blessing of Beijing despite the country. prohibited crypto product returns in 2021. Recently, the network moved from using only proof-of-work to a hybrid of both proof-of-work and proof-of-stake, bringing the best of both worlds together.
CFX, the original token of the ecosystem, has exploded in value in the last few weeks with a profit of more than 400% on a monthly time scale. At the time of writing, the token is at $0.1488 with bulls trying to overcome the April 2022 CFX support at $0.1485. Investors and traders watching this token should monitor if CFX is located above its support as a consolidation at this level will reveal higher highs for investors.
Image: Kraken Blog
HFT
HFT is a metaverse-based token designed for use in the Hashflow ecosystem. Hashflow is a uniquely built decentralized exchange that does not use automated market makers that are the industry standard in crypto exchanges. However, Hashflow uses a request-for-quote modelallowing for more efficient pricing that gives investors and traders better value for their coins.
HFT has been rising in price since last month, experiencing positive growth in all time frames. According to CoinGecko, the token is up 188% on a monthly time frame with large gains also being made on a smaller time scale. With HFT bulls targeting November 2022 price levels, investors and traders could lose big gains if the momentum continues.
BLUR
The original token from the Blur NFT market. This token has released earlier this week, which airdropped to merchants, have care packages, and creators. The BLUR environmental hype is justified by recently on-chain developments that continue to support positive sentiment in the market.
Ranked 101 in the list of top cryptos, the token has appreciated 33% today only. But since the release, BLUR is up 400% chart as the bullish momentum continues.
Crypto total market cap at $1 trillion on the daily chart | Chart: TradingView.com
AGIX
Artificial intelligence has grown in use cases since the rise of machine learning. Popular AI apps like ChatGPT are proving the usefulness of AI in the workplace, impacting large tech companies invest billions in AI research and development.
SingularityNET’s AGIX token is riding the bullish sentiment in AI technology, with the token gaining 122% in the past month. With the token settling on support at $0.42899, AGIX is likely to see a bigger upward move in the coming days.
(Disclaimer: It is common knowledge that the cryptos discussed in this piece have a high degree of price swings. Because of this, the possibility of suffering financial loss as a result of investing in coins of this type is extremely significant.)
-Images shown from Guru Watcher