Cryptocurrencies To Watch: Week of December 12

investopedia.com:

While the cryptocurrency market has been holding at its current levels, there are some concerns brewing in the market. Most notably, the issue of Digital Currency Group’s (DCG) $2 billion debt acknowledged by its founder in late November and the discounted prices of Grayscale’s Bitcoin Trust (GBTC) have stoked investors’ fears.Still, there remain projects and cryptocurrencies that showcase potential.

This week we examine Axie Infinity (AXS), Stacks (STX), The Graph (GRT), EOS (EOS), and Internet Computer (ICP). In selecting these digital assets, we have considered several factors, including positive technical developments, significant news events, and noticeable changes in price.

The AXS token of the popular crypto game Axie Infinity experienced the biggest increase in price this week, rising by 16%.The reason for the increase is the launch of the Axie Contributor initiative, selecting 700 individuals to participate in a pilot for the program.This is part of Axie's overall decentralization strategy.

The 700 contributors will have specific roles and play a part in fostering a governance community for Axie. Other decentralization initiatives on the table include an urban planning team and the decentralization of the community treasury. The AXS token is currently trading at around $7.69 (see chart below).

Stacks' STX coin experienced a price jump of more than 40% as the crypto community continues to move toward decentralized platforms in the wake of the FTX collapse.The project on Dec. 6 also announced Stacks Accelerator, an accelerator program that will mentor teams.

Stacks is another project that is working on bringing decentralized applications and smart contracts to the Bitcoin network. STX is used to pay for