The cryptocurrency market fell again last week to stay in the red. Investors may be unhappy that the market is still unable to break the resistance levels, but at least some tokens like HBAR are performing unusually well. Analysts examine 7 altcoins, taking into account various factors such as positive technical developments, important news and noticeable changes in price.
Altcoins traders bet on: ROSE, MINA, HBAR and 5 altcoins
Oasis Network (ROSE)
One of the top earners of the week, Oasis Network’s ROSE token has likely benefited from many developments in its ecosystem and network. The primary reason for the nearly 35% price increase may be that the team released the 2023 roadmap on February 2, announcing the launches and improvements. Shorts also increased sharply, reaching nearly $30 million at Oasis. Oasis Network is a scalability and privacy-focused network built using the Cosmos software development kit (SDK), a set of software tools and programs used by developers to build applications. The ROSE token, which started at 0.055 cents last week, is now priced around 0.072 cents.
Mina Protocol (MINA)
MINA was the next big winner this week, with the token up nearly 32% to trade around 93 cents. The price may have increased with the late January release of a Proof-of-Concept (PoC) that would allow anyone to run a web node in a browser. A PoC is an exercise in which the study focuses on determining whether an idea can be turned into reality. This effort could eventually allow anyone to run a lightweight node to help run Blockchain applications on Web3 and mobile devices. It’s also part of Mina’s overall ethos of improving accessibility and being the ‘world’s lightest Blockchain’. The network uses new zk-proof technology to power its smart contracts.
Hedera (HBAR)
The altcoin price rose roughly 21% after Dell Technologies (DELL) announced that it would join the Hedera Governing Council. Dell will run its own node, build its own application, and help automate distributed ledger technology. Hedera’s ecosystem has seen growth in recent weeks, including the launch of a Non-Fungible Token (NFT) series called Ashfall NFT. It also announced the arrival of a $1 million metaverse fund focused on Africa’s creative industry. Priced at 0.069 cents last week, HBAR is now worth around 0.081 cents.
Lido DAO (LDO)
The altcoin price has increased by around 16% as users flock to non-custodial methods to stake ETH. A liquid staking platform for Lido, Ethereum and similar assets. cryptocoin.comAs you follow, Coinbase CEO Brian Armstrong recently tweeted that the US Securities and Exchange Commission may consider banning staking for individual investors. In response to this, crypto users flocked to self-protecting ETH staking services. LDO is currently around $2.27. It was priced at about $2.04 last week.
Rocket Pool (RPL)
RPL has increased in price by about 15% as Ethereum’s Shanghai upgrade in March approaches. The Shanghai upgrade for the Ethereum network is a hard fork that will allow holders of Ethereum’s native token, ETH, to repurchase assets for the first time, giving them greater access to their assets. This week, the RPL token is worth around $41.06. The Shanghai upgrade will mark a major milestone for the Rocket Pool network, a staking service for ETH, with a recently locked total value of over $1 billion. Crypto users have increasingly locked their funds in Ethereum and are dying to get some of these assets back.
Baby Doge Coin (BABYDOGE)
Launched in 2021, The Baby Doge Coin is making headlines with its newly improved transaction speeds and cuteness. Just like any other cryptocurrency, it was created as a joke with the mission to help spread awareness about animal adoption. The token started 2023 with a bang, currently hovering around $0.000000004082 and 24-hour trading volume is up 165.86% to $75,997,740. BABYDOGE has recorded an increase of approximately 270.35% in the last thirty days.
BinaryX
BinaryX started as a decentralized derivatives trading system and now offers services like infrastructure support, a DAO governance system, and more. Its price at the time of writing is $168.04. 24-hour trading volume increased 68.63% to $82,300,094. At the same time, the circulating supply is about 21,000,000 BNX.
Floki Inu (FLOKI)
Floki is the utility token of the Floki ecosystem put forward by fans and members of the Shiba Inu (SHIB) community. Overall, the token has witnessed tremendous growth since its inception. Currently, Floki is trading around $0.000021 and its 24-hour trading volume is up 58.13%. Volume now stands at $23,504,980. In the last four weeks, FLOKI has seen an increase of approximately 112.89%.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.