Cryptocurrencies to Watch: Week of September 19 – Investopedia | Jewelry Dukan

Keep an eye on these coins

The crypto market did not have a good week as the whole market suffered from several incidents. One would think that given milestones like the Ethereum merger, the market would have seen some kind of price surge.

However, that is not the case as pessimism grips the market – at least in the short term. One of the developments potentially triggering this price decline is the fact that the US Federal Reserve is expected to hike interest rates.

Here we focus on five coins that we think could be worth watching for the week ahead. These tokens are Chiliz (CHZ), Cosmos (ATOM), Ripple (XRP), Compound (COMP) and Litecoin (LTC). We selected these assets based on several factors including positive technical developments, major news events and price changes.

Important Takwaways

  • Chiliz has seen its price rise 17% over the past week. The project announced CHZ 2.0 and a new fan token.
  • Cosmos saw projects from the fallen Terra network enter his network.
  • The case between Ripple and SEC will soon be closed and some analysts believe that Ripple will win.
  • Compound will launch an institutional lending service.
  • Litecoin has seen an increase in mining difficulty and hashrate as miners migrate from Ethereum to other networks.

Chiliz (CHZ)

Chiliz Token is a digital currency that allows users to trade tokens to show their support for professional sports teams. The price is up 17% over the past week, which is impressive compared to the rest of the market. There are a few reasons for this, including the announcement of CHZ 2.0 and a new fan token. CHZ 2.0 is a native chain and the new fan token MIBR for esports team Made in Brazil.

Chiliz has grown thanks to collaborations with sports clubs such as FC Barcelona, ​​​​Paris-Saint Germain, Manchester City and Atlético de Madrid. This has given the project more notoriety while also increasing its price.

Chillz (CHZ).

Cosmos (ATOM)

The Cosmos network is considered the “Internet of Blockchain” with the aim of building an ecosystem of networks for data exchange. Its native token Cosmos (ATOM) has performed well over the past seven days, with its market cap up 12%.

The Cosmos network has seen a lot of activity, most notably the fact that projects from the Terra ecosystem are jumping to Cosmos. In early May, Terra sank sharply, and since then there hasn’t been much growth. Hence, the projects are now moving to other blockchain networks.

For example, a crypto project called Kujira was part of the Terra ecosystem. Now the project has decided to issue its $USK stablecoin on the Cosmos network. A leading cryptocurrency research firm, Delphi Digital, has also announced that Cosmos will be its primary blockchain.

Cosmos (ATOM).

Ripple (XRP)

Ripple was another cryptocurrency that has performed well over the past few days. XRP price is up 10% historically, jumping from $0.39 to $0.34.

The Ripple and SEC case, which has been going on for years, could be seen as the reason for XRP’s bullish course. Ripple has stood firmly by his side, saying the asset fails the Howey test for securities. The SEC was firm in its position that Ripple and part of its team launched an unregistered securities offering. The case ends and the overall market sentiment is that Ripple will win.


connection (COMP)

Compound is a blockchain network that allows users to lend and borrow cryptocurrency. Its native token is COMP, whose market cap has increased by over 5% in the past seven days. The likely reason for this jump is that Compound will be introducing institutional lending services. Institutions can now borrow from Compound Treasury and use digital assets as collateral. Institutional investors flocking to crypto has always been a bullish trend for the market.

connection (COMP).

Litecoin (LTC)

Litecoin and other mining networks have become beneficiaries of the Ethereum merger as miners have switched to other networks. It is a network that uses a proof-of-work algorithm. Litecoin’s mining difficulty, an indicator of how difficult it is to mine a block on a blockchain, is up over 3% over the past week. The network also saw a more than 7% increase in hashrate.

It is generally considered a good sign when the hash rate increases as it means a more secure network. A more secure network also contributes to a higher price of cryptocurrencies in the long run, making a token worth watching. However, due to a bearish crypto market, Litecoin’s price failed to turn green over the past week.

Litecoin (LTC).

Leave a Comment