5 Cryptos You Haven’t Heard Of But Should Check Out

Another week of trading is upon us, and today, we’re going to dig into crypto, uncovering some fast-rising stars of the market. We’ll also give you a rundown of the key events that should be inside your trading diary this week. Let’s get to it, shall we?

Crypto is expanding

Crypto has had a sticky time of late. The market does seem to be settling down somewhat — at the time of writing at any rate! It’s a market that never sleeps, while also comprising some of the most volatile financial instruments on the planet, so anything is possible.

#1 Cosmos (ATOM)

Cosmos brands itself as the “Internet of Crypto”. It’s “an ever-expanding ecosystem of interoperable and sovereign blockchain apps and services, built for a decentralised future.” It’s supposed to be a platform on which all crypto blockchains can cross-communicate and share data with each other seamlessly.

#2 NKN

Hands up, who loves a three-letter abbreviation? This one stands for “New Kind of Network”, which is quite sweet when you think about it.

#3 Polygon (MATIC)

Polygon (formerly known as MATIC) is an Indian blockchain scalability platform, often labelled as ‘Ethereum’s Internet of Blockchains’ (sound familiar?). It aims to create a multi-chain ecosystem of Ethereum compatible blockchains. It provides free Ethereum based cryptographic token transfers and payments.

#4 Chainlink (LINK)

We’ve written about this one a few times and it just doesn’t quit — so here we are again.

#5 Celo

Celo is an open-sourced Proof-of-Stake blockchain designed to support stablecoins and tokenised assets with an algorithmic reserve-backed stability mechanism. Which is pretty cool.

What’s On The Trading Agenda This Week?

Crypto aside, here’s everything you need to keep track of this week.

Monday

No major events planned.

Tuesday

● GBP — Employment Change (Mar)

Wednesday

● GBP — Inflation Rate YoY (May)

Thursday

● AUD — Employment Change (May) + Unemployment Rate (May)

Friday

● JPY — Inflation Rate YoY (May)

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