The cryptocurrency market enthusiastically welcomed the recent release of a number of macroeconomic indicators, which provided some encouragement and enhancements. The majority of digital currencies, including the less well-known ones, followed in the wake of major cryptocurrencies like Bitcoin and Ethereum’s recovery from their slumps.
Five cryptocurrencies are worth keeping an eye on in the coming days because of their recent impressive gains.
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KLAY
A dedicated blockchain for the metaverse’s creation is the Klaytn ecosystem. The ecosystem, which is made by Kakao, a South Korean company, was designed with one goal in mind: to be decentralized, providing all ecosystem participants with equal opportunities. Klaytn also has a precise plan for what will happen in the future.
Klaytn’s native token, KLAY, has increased by 63% in the past week, as reported by CoinGecko. As KLAY attempts to overcome resistance at $0.3182, which, if broken, could pave the way for regaining October 2022 highs, investors in the token can take advantage of gains right now.
CFX
Conflux is one of the most promising cryptocurrencies and has been around since 2018. It is the only cryptocurrency that has Beijing’s blessing, even though the country banned cryptocurrencies in 2021. The network recently switched from using only proof-of-work to using a combination of proof-of-work and proof-of-stake, combining the best of both worlds.
The ecosystem’s native token, CFX, has seen gains of over 400% over the course of a month in recent weeks. The token is currently trading at $0.1488, with bulls attempting to rise above CFX’s April 2022 support level of $0.1485. If the CFX settles above the aforementioned support, investors and traders who are keeping an eye on this token should keep an eye on it because a consolidation at this level will open up higher highs for investors.
HFT
The Hashflow ecosystem can make use of the HFT token, which is based in the metaverse. Hashflow is a one-of-a-kind, decentralized exchange that does not employ the automated market-makers that have become the industry norm for cryptocurrency exchanges. Hashflow, on the other hand, makes use of a request-for-quote model, which enables more effective pricing and results in better prices for investors’ and traders’ coins.
Since last month, the price of HFT has increased in all time frames, with positive growth. The token has increased by 188% over the past month, according to CoinGecko, with significant gains also occurring over shorter time frames. If the momentum continues, investors and traders could miss out on significant gains because the HFT bulls are targeting price levels in November 2022.
BLUR
the Blur NFT marketplace’s primary token. This token was distributed via airdrop to traders, care package holders, and creators earlier this week. Recent on-chain developments that consistently bolster market sentiment support the hype surrounding BLUR.
The token, which is ranked 101 on the list of the best cryptos, has increased by 33% just today. However, the bullish momentum has continued since BLUR’s release, with a 400% increase in the charts.
AGIX
Since the spread of machine learning, the use cases for artificial intelligence have grown. Popular AI applications like ChatGPT demonstrated the workplace utility of AI, which prompted large tech companies to invest billions of dollars in AI research and development.
The AGIX token issued by SingularityNET has experienced a 122% increase in value over the course of the past month thanks to investor optimism regarding AI technology. AGIX may experience a greater upward movement in the coming days if the token reaches its support level of $0.42899.
