Keep an eye on these coins
It's the last week of the year, and the crypto market is ending 2022 on a slightly weak note, staying true to form. There were brief moments where the asset class went into an uptrend, but as it stands, Bitcoin is holding just above the $16,000 support levels. The market is experiencing a slow recovery, although some tokens are clearly outperforming the general market.
This week we take a look at Helium (HNT), Cronos (CRO), THORChain (RUNE), Ampleforth (AMPL), and iExec RLC (RLC). In selecting these assets, we have considered several factors, including positive technical developments, important news, and notable price changes.
key takeaways
- The market capitalization of the Helium (HNT) coin increased by approximately 12%, likely due to its upcoming move to the Solana blockchain in Q1 2023.
- The Cronos token (CRO) market capitalization increased by more than 5% after a routine announcement of project updates and positive ecosystem forecasts.
- THORChain's (RUNE) market cap saw a 7% rise in price following increased use of its savings vaults.
- The Ampleforth (AMPL) token increased by approximately 21% after a bug bounty program for its SPOT token was introduced to ImmuneFi.
- The value of iExec RLC (RLC) advanced approximately 17% after it dropped the first set of Worker Pass non-fungible tokens (NFTs).
Helium (HNT)
The Helium project and its HNT token was one of the big winners this week. HNT's market capitalization rose more than 11% over the past seven days, thanks to its move to the Solarium the network is close, scheduled for the first quarter of 2023. The jump can help the project to expand its ecosystem.
The move was first announced in September. Helium is a wireless access point project that could take advantage of Solana's mobile phone. The HNT token is now trading at around $1.87 (see chart below).
HNT (commercial view).
HNT (commercial view)
Chronos (CRO)
crypto.com the newly rebranded token Cronos (CRO) also had a positive week. The project's market cap increased by about 7% after his team conducted an ecosystem update session related to BubbleSwap, CroSwap and Transak.
The CRO token started last week at 5.5 cents and is now priced around 5.9 cents (see chart below).
Crypto.com (TradingView).
Crypto.com (TradingView)
THOR Chain (RUNE)
THORChain's RUNE token market cap saw a rise of around 7% after his team noticed that the platform's savings vaults were seeing significantly more usage. The fact that cryptocurrency users are switching to decentralized platforms after the ftx accident probably played a role.
Rune was priced at around $1.29 seven days ago and is now around $1.39 (see chart below).
RUNE (TradingView).
RUNE (TradingView)
Amplitude (AMPL)
stablecoins The Ampleforth project's AMPL token increased by about 21% after its team introduced a bug bounty program in ImmuneFi for its SPOT token. The latter is a new token that โis a perpetual wrapper that abstracts the volatility of AMPL supply from holders,โ according to Ampleforth.
Last week, AMPL was trading at around $1.06 and is now valued at around $1.28 (see chart below).
Broad Forth (TradingView).
Broad Forth (TradingView)
RLC iExec (RLC)
iExec RLC's RLC token increased in value by about 17% after his team dropped the first one NFTs from the Worker Pass series. The new feature allows users to earn RLC tokens by granting them access to a public Workerpool.
The RLC token was $1.13 last week and is now around $1.32 (see chart below).
iEXEC (commercial view).
iEXEC (Business View)
Invest in cryptocurrencies and others initial coin offerings (ICOs) it is highly risky and speculative, and this article is not an Investopedia or writer's recommendation to invest in cryptocurrencies or other ICOs. Because each individual's situation is unique, a qualified professional should always be consulted before making any financial decision. Investopedia makes no representations or warranties as to the accuracy or currency of the information contained in this document. As of the date this article was written, the author does not own the aforementioned cryptocurrencies.
