The recent release of several macroeconomic indicators has provided some momentum and improvements that the altcoin market has warmly welcomed. In this article, let’s list the altcoin projects that are giving rally signals from a technical and fundamental point of view.
5 little-known altcoin projects could be headlines in the coming days
Klayn (KLAY)
Klaytn ecosystem is a private Blockchain for metaverse creation. The ecosystem, made by the South Korean company Kakao, focuses on decentralization, giving equal chances to the participants of the ecosystem. Klaytn also has a clear roadmap for future developments.
According to CMC data, KLAY gained more than 60% on the weekly timeframe. The price is currently testing $0.3182, which could pave the way to regain October 2022 highs if crossed. Klaytn has developments that can reach the headlines, both technically and fundamentally.
Hashflow (HFT)
HFT is a metaverse-based token designed for use in Hashflow’s ecosystem. Hashflow is a uniquely built decentralized exchange that does not use the industry standard automated market makers on crypto exchanges. Instead, Hashflow uses a quote model that allows for more efficient pricing giving investors better prices for their cryptocurrencies.
The price of HFT has been increasing since last month and is experiencing positive growth in all time frames. According to CoinGecko, the token is up 188% on the monthly timeframe, with big gains being made on smaller timescales as well. With HFT bulls aiming for November 2022 price levels, traders and investors could be missing out on big gains if the momentum continues.
Blur
One of the NFT tokens of the list, BLUR is the native cryptocurrency of the Blur NFT platform. This token was launched earlier in the week and airdropped to investors, maintenance pack owners, and creators. The hype surrounding BLUR is justified by recent on-chain developments that have consistently supported the positive mood in the market.
The token, which is ranked 101st in the list of the best cryptos, has gained 33% today. However, BLUR has increased by 400% on the charts as the upward momentum has continued since its debut.
Conflux (CFX)
Conflux is among the most promising cryptos and has been on the market since 2018 and is the only crypto company to have Beijing’s blessing even though the country banned crypto products in 2021. We have included their recent partnerships in this article.
The CFX token has exploded in value over the past few weeks, gaining over 400% on a monthly timescale. As of writing, the coin is trading above $0.1450 as the bulls attempt to settle above $0.1485, the April 2022 support of CFX. Traders watching CFX should watch if the CFX rises above the stated support as a consolidation at this level will open higher highs for traders.
SingularityNET (AGIX)
Artificial intelligence has been growing in use cases since machine learning became mainstream. Popular AI applications like ChatGPT have proven the usefulness of AI in the workplace, prompting big tech companies to invest billions in AI research and development.
AGIX, one of the AI coins leading this trend, continues its bullish sentiment in AI technology with an increase of 122% last month. As the token settles to the $0.42899 support, it could experience a larger upward move in the coming days.
cryptocoin.com According to a new Wall Street Journal article we quoted as the world’s leading technology hub, Silicon Valley startups are shifting from Web3 to the artificial intelligence (AI) sector. AI-based crypto and projects have been trending since January, and the momentum has continued unabated in recent weeks.
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