Cryptocurrencies To Watch: Week of November 21

investopedia.com:

Barring a few exceptions, which we detail below, the crypto market continues to drop. Bitcoin briefly fell below the $16,000 mark, leaving investors anxious. The past few days have revealed more of the financial mismanagement at FTX, consequently keeping investors away from centralized exchanges.

This week we examine ApeCoin (APE), Lido DAO (LDO), THORChain (RUNE), Chiliz (CHZ), and Synthetix (SNX). In selecting these assets, we have considered several factors, including, but not limited to, positive technical developments, significant news events, and noticeable changes in price.

ApeCoin (APE) has been one of the biggest gainers in the past seven days, with the APE token increasing by 16% and currently trading at around $2.99.There are no particular developments or the like that have spurred this improvement. The only plausible reason behind the jump in price is the fact that the project announced it did not have any assets on FTX.It revealed that its treasury assets were held in segregated custody accounts via Coinbase Custody.

The Lido DAO (LDO) token experienced a 12% increase in price over the course of the week.The likely reason behind the price bump is the fact that Lido’s staking yield increased by 10% annually.This is an all-time high since Ethereum’s Merge took place.

Lido DAO offers a liquid staking solution for the Ethereum network.Users stake their Ether to secure the network, for which they receive a cut of the transaction fees. The LDO token is a governance token that is also used to reward activities. LDO’s price is hovering at around $1.10.

The market cap of THORChain (RUNE) jumped up by over 10% to around $395.2 million. THORChain is a decentralized liquidity protocol that allows users to exchange