Cryptocurrencies To Watch: Week of October 3
Last week, the crypto market had a fairly uneventful time. Prices have largely stayed within the same window that they have been for a few weeks, and Bitcoin (BTC) stays under the $20,000 mark. Investors are worried about the near-term future of the market, as fears of a recession and a poor 2023 are high on the minds of many.
Prices of most assets are not at encouraging levels, but investors continue to stick around, keeping an especially watchful eye on some assets. This week, we analyze Reserve Rights (RSR), Quant (QNT), Helium (HNT), XDC Network (XDC), and Maker (MKR).
The Reserve Rights project has been experiencing a comparatively strong week, with its RSR token going up in price by over 30% in the last seven days. There’s one clear reason for this bump in price, which is the fact that its mainnet is scheduled to launch very soon.
Reserve Rights said that it has nearly seen five audits completed and that the full deployment of the protocol will take place in October. This marks the next phase of the project, and investors are optimistic. The token is currently trading for $0.009.
Quant has also seen its token go up significantly in the last week, with the QNT token increasing in price by 16%, and it is currently trading for $136.31. There may be a few reasons why this price bump is taking place.
Several markers of activity on the network have increased, including volume, daily active addresses, and whale accumulation. Addresses with over $100,000 have accumulated 15.4% more QNT to their holdings in the past five months.
While not noticeable as RSR and QNT, the Helium (HNT) coin has also experienced a noticeable 10% increase in price in the last seven days. There are a few likely reasons for this development, most
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