Cryptocurrencies To Watch: Week of December 19
The last seven days weren’t the best for the crypto market. Most tokens followed bitcoin, which experienced ups and downs as it attempted to break out of its bearish zone. Its value has fallen back under $17,000, and other tokens are in a similar condition.However, a few tokens recorded some strong movements.
This week we examine Toncoin (TON), OKC (OKT), UNUS SED LEO (LEO), XDC Network (XDC), and DigiByte (DGB). In selecting these digital assets, we have considered several factors, including positive technical developments, significant news events, and noticeable changes in price.
Toncoin is the famous token of The Open Network, a project inherited from Telegram. While it is no longer run by Telegram, the project continues to make progress through community development.
The Toncoin token posted a massive 40% jump in price over the week after it announced a no-SIM signup feature.Furthermore, the number of wallet holders on the network also increased and the Gate.io exchange introduced TON/USDT pair for futures trading.
Toncoin is now priced at around $2.69 (see chart below).
The OKC Token of the OKC exchange turned in a 21% price jump after OKCoin Japan confirmed it would list meme coin Shiba Inu.OKCoin Japan is one of the country’s biggest crypto exchanges.
Another reason why the token jumped is tied to the fact that decentralized autonomous organization (DAO) infrastructure company Hedgey launched on the OKC network.Users can use the Hedgey protocol to distribute locked tokens and perform DAO-to-DAO token swaps.
The OKC Token was priced at $20 last week and is now valued at around $23.42 (see chart below).
Bitfinex’s UNUS SED LEO (LEO) token experienced a 10% gain in market cap in the week. The jump in value is
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