5 Hot Cryptos You’ve Probably Never Heard Of
Welcome to another week of trading! We didn’t talk about cryptos for a while. The crypto market has gone through a bit of a neutral patch, but let’s see if we can’t reignite your interest with 5 cryptos you may want to keep an eye on. After that, we’ll list the top fundamental events that you can trade this week. Let’s go!
5 new cryptos you need to watch out for
Here are 5 hot cryptos that you may not have heard of. Each of these coins are performing well in 2023, and they have the potential to grow even more in the future.
#1 THORChain (RUNE)
Price 01.01.2023: $1.2748
Price 30.01.2023: $0.9348
YTD % change: -26.67%
THORChain is a decentralised exchange (DEX) that allows users to swap tokens across different blockchains. Such tokens include big boys like Bitcoin, Ethereum, Litecoin, and some smaller ones like Avalanche and Cosmos Hub.
The RUNE token is used to power the THORChain network and the coin increases in value the more assets are deposited into the network. Sounds neat, right?
RUNE has been having a mixed 2023 so far. It’s down 27% from its January price, but that dip reflects the wider market.
It’s on this list because THORchain is a platform designed to help the public access the market, encouraging mass adoption. Having attracted millions of customers over the last few years, THORchain is well placed to take advantage in the coming months.
Source: Coinmarketcap
#2 Fantom (FTM)
Price 01.01.2023: $
Price 30.01.2023: $
YTD % change: +20.58%
Fantom is a high-performance blockchain platform that is designed for DeFi applications. The FTM token is used to pay for fees on the Fantom network.
FTM is performing really well this year, it’s up 21% since 1st January. At one point at the beginning of April, it had risen 220% YTD and there lies the true story of this crypto — volatility.
FTM is renowned for dramatic swings. Between January and May 2021, for instance, the token rallied more than 5,000% (from $0.017 to $0.92) but lost close to 85% of this peak price (dropping to $0.15) by mid-July.
With it’s genuine usecase, FTM has potential. But, if you’re looking at this one, strap yourself in, it’s going to be a bumpy ride.
Source: Coinmarketcap
#3 Cartesi (CTSI)
Price 01.01.2023: $0.1031
Price 30.01.2023: $0.1467
YTD % change: +42.28%
Cartesi might sound like something straight outta Star Wars, but it’s actually a Layer-2 scaling solution for Ethereum that uses the Linux operating system to run dApps. The CTSI token is used to pay for fees on the Cartesi network.
2023 has been a bumper year for CTSI so far, as the token price is up 42% since the start of the year.
Cartesi is said to be the first blockchain-based operating system that integrates Linux and standard programming environments with blockchain technology. It’s this real-world use case that makes it even more appealing to potential investors — which has driven the price up.
Source: Coinmarketcap
#4 The Graph (GRT)
Price 01.01.2023: $0.056
Price 30.01.2023: $0.112
YTD % change: +101.11%
The Graph is a decentralised protocol for indexing and querying data on blockchains, and it’s token, GRT — which is used to pay for queries on the Graph network — is having a wonderful 2023 so far!
The Graph has established itself as the fastest, cheapest, and most reliable way to access data for the crypto space. In an industry that’s crying out for more transparency, that’s a mighty strong position to be in. It’s this notoriety that’s helped to push the price of GRT higher and higher.
The Graph has already been adopted by a number of DeFi projects like UniSwap, Synthetix and Decentraland and the list is growing.
Source: Coinmarketcap
#5 Helium (HNT)
Price 01.01.2023: $1.54
Price 30.01.2023: $1.56
YTD % change: +1.20%
Helium is a decentralised wireless network that uses blockchain technology to connect IoT devices. If you’ve ever heard of IOTA (MIOTA), it’s like that but goes a step further.
The HNT token is basically used to reward miners for providing coverage on the Helium network and it’s had a pretty flat 2023, but that’s a decent result as far as the rest of the market is concerned.
Like the best blockchains and tokens on this list, Helium has genuine real-world value. The Helium Network is attempting to build a global interconnection of peer devices and has, so far, distributed more than 25,000 devices around the globe.
As the network increases and more users flood the platform, HNT token’s price is designed to appreciate. So, pop a bookmark on this one.
Source: Coinmarketcap
What about you?
Are you excited about any of these cryptos? Or have you got your eyes on something else? Tweet us at @_contentworks — we’d love to know!
Top fundamental events week commencing 31.07.23
Here are all of the main events coming up in what looks like a pretty busy week for the markets.
Monday 31
● CNY — NBS Manufacturing PMI (Jul); Non-Manufacturing PMI (Jul)
● EUR — Core Harmonised Index of Consumer Prices (MoM) (Jul) PREL; Core Harmonised Index of Consumer Prices (YoY) (Jul) PREL; Gross Domestic Product s.a. (QoQ) (Q2) PREL; Gross Domestic Product s.a. (YoY) (Q2) PREL
Tuesday 1
● CNY — Caixin Manufacturing PMI (Jul)
● AUD — RBA Interest Rate Decision; RBA Rate Statement
● USD — ISM Manufacturing PMI (Jul)
● NZD — Employment Change (Q2); Unemployment Rate (Q2)
Wednesday 2
● USD — ADP Employment Change (Jul)
Thursday 3
● CNY — Caixin Services PMI (Jul)
● GBP — Bank of England Monetary Policy Report; BoE Interest Rate Decision; BoE MPC Vote Rate Cut; Monetary Policy Summary
● USD — ISM Services PMI (Jul)
Friday 4
● AUD — RBA Monetary Policy Statement
● USD — Average Hourly Earnings (MoM) (Jul); Average Hourly Earnings (YoY) (Jul); Nonfarm Payrolls (Jul)
● CAD — Net Change in Employment (Jul); Unemployment Rate (Jul)
Here at Contentworks we closely follow market movements and prep content that we think your traders would love to read. Let’s get you started right here.
Speak soon!
The Contentworks team
