Cryptocurrencies To Watch: Week of May 15
The cryptocurrency market has had a middling week in terms of prices, with most tokens' values remaining flat. The market is gearing up for some big regulatory changes, especially in the U.S. A handful of tokens dominated the market in the latest week.
We examine Kava (KAVA), Bitcoin SV (BSV), Lido DAO (LDO), Rocket Pool (RPL), and Litecoin (LTC). In selecting these assets, we have considered several factors, including positive technical developments, significant news events, and noticeable changes in price.
The Kava (KAVA) project's token was one of the week’s biggest gainers, with the 48% increase likely tied to the upcoming Kava 13 mainnet upgrade.The upgrade, postponed to Wednesday, will bring several improvements to the Kava network, including better performance for stakeholders and an improved capacity to send assets between Cosmos and Ethereum networks.
Kava is a decentralized finance, or DeFi, lending platform that describes itself as combining «the speed and interoperability of Cosmos with the developer power of Ethereum.”KAVA is trading at around $1.01, having been priced at 69 cents last week (see chart below).
KAVA Price: TradingView
Bitcoin SV (BSV), a spinoff of Bitcoin, experienced a price increase of more than 17% in the week. There haven't been any specific developments to account for this, but one might be linked to Bitcoin Ordinals.
The Bitcoin network has become congested due to the popularity of Ordinals, a protocol that enables digital assets to be inscribed onto a satoshi. Some users may be switching to the spinoff, Bitcoin SV, as a consequence of this congestion and also because this network offers low transaction fees. BSV is changing hands at about $35.88, having traded at $30.50 last week (see
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