These 5 little-known cryptos could make headlines in the coming days
The recent release of several macroeconomic indicators gave some impetus and improvements to the crypto market welcome. This led to major cryptos such as Bitcoin and Ethereum rebound from their decline which led to the majority of digital currencies – including the lesser known ones – following them as well.
Here are five cryptos that have made impressive gains recently and are worth keeping an eye on in the coming days.
CLAY
The Klaytn ecosystem is a dedicated blockchain for the creation of the metaverse. Created by the South Korean company Kakao, the ecosystem is built with one thing in mind; to be decentralized, and give an equal chance to the participants in the ecosystem. Klaytn also has one ready road map for future development.
In accordance CoinGecko, Klaytn’s original token KLAY has increased by 63% in the weekly time frame. Investors in the token can enjoy gains right now as KLAY tries to overcome resistance at $0.3182, which, if breached, could open the way to regain October 2022 highs.
COVER ART/ILLUSTRATION VIA CRYPTOSLATE
CFX
Among the most promising cryptos, Conflux has been around since 2018 and is the only crypto company to have Beijing’s blessing even as the country shut out crypto products back in 2021. Recently, the network has 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 ecosystem’s native token, has exploded in value in recent weeks with gains of over 400% in the monthly time scale. At the time of writing, the token is at $0.1488 with the bulls trying to settle above CFX’s April 2022 support at $0.1485. Investors and traders looking at this token should monitor if CFX breaks above the aforementioned support as a consolidation at this level will open up higher highs for investors.
Image: Kraken Blog
HFT
HFT is a metaverse-based token designed to be used in Hashflow’s ecosystem. Hashflow is a uniquely built decentralized exchange that does not use automatic market makers that are industry standard in crypto exchanges. Instead, Hashflow uses one model for request for quotationwhich allows for more efficient pricing that gives investors and traders better prices for their coin.
HFT has risen in price since last month, and experienced positive growth in all time frames. According to CoinGecko, the token is up 188% in the monthly time frame, with big gains in the smaller time scales as well. With the HFT bulls targeting November 2022 price levels, investors and traders could miss out on big gains if the momentum continues.
UNCLEARNESS
The original token of the Blur NFT marketplace. This token has been released earlier this week, was airdropped to traders, care pack holders and creators. The hype around BLUR is justified by recently development in the chain that continuously supports positive sentiment in the market.
Ranked 101 on the top crypto list, the token has appreciated by 33% just today. But since its release, BLUR has increased by 400% diagrams 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 proliferation of machine learning. Popular AI applications like ChatGPT proved the usefulness of AI in the workplace, prompting major tech companies to invest billions in research and development of AI.
SingularityNET’s AGIX token is riding the bullish sentiment on AI technology, with the token gaining 122% in the past month. With the token settling into support at $0.42899, AGIX could see a bigger move upwards in the coming days.
(Disclaimer: It is common knowledge that the cryptos discussed in this piece have a high degree of price volatility. Because of this, the possibility of suffering a financial loss as a result of investing in coins of this type is extremely significant.)
– Featured image from Watcher Guru
