Although the current market crash has had its triggers, such as the removal of US Terra’s UST stablecoin and inflation in the face of rising inflation, Bitcoin (BTC), Ethereum (ETH) and most altcoins have been hit hard. to answer. While BTC fell 5.91% to $ 21,238 last week, ETH fell 4.95% to $ 1,160.
Although the losses are likely global, there are altcoins that have maintained relative growth over the past week as the recession intensified. This article discusses these tokens, which include STEPN (GMT), Synthetic (SNX), Solana (SOL), Chainlink (LINK), and Choise.com (CHO).
Each of these tokens is selected on the basis of performance, and they represent various aspects of the blockchain economy, including fixed tokens (NFT), Oracle, decentralized finance (DeFI), and centrally decentralized finance (CeDeFi).
This analysis highlights the trends presented over the last week, along with the main growth factors of each of these coins / tokens.
Basics of these tokens
Choise.com MetaFi Token (CHO)
At the time of writing, the MetaFi CHO token from Choise.com has grown 148% in the last 24 hours and more than 180% in the last 7 days. Choise.com is a MetaFi platform that combines CeFi and DeFi services.
The Choise.com protocol promises to make DeFi offers simpler and more accessible to retail and institutional investors. CHO is showing enough potential to make it a valuable asset, and continued implementation could lead it to take another step above $ 1.24 ATH.
Web3 STEPN Lifestyle application (GMT)
STEPN is a self-proclaimed “Web3 lifestyle app” with GameFi elements on the Solana blockchain. As a fitness platform, he works on the principle of “Move-to-Earn”, which combines elements of Play-2-Earn, because he claims to play a healthy lifestyle.
It is currently moving from hand to hand at a price of 0.7426 US dollars and increased by 29.43% last week (here and below, prices on June 21). Due to its observed stability, GMT will certainly be able to take advantage of its growing popularity to chart more ambitious growth in the near future.
DeFi Synthetix Protocol (SNX)
Synthetix is a decentralized financial protocol that provides access to a wide range of crypto and non-crypto assets on the network. The protocol allows users to access a wide range of assets without holding them directly.
SNX has risen 8.02% in the last 24 hours at the time of writing and is trading at $ 3.36. It was one of the highest growth rates last week, rising 69.82% to close the gap to its 90-day high of $ 8.11. If Synthetix continues this bullish momentum, its price could reach $ 6 over the next few weeks.
Solana Level 1 Protocol (SOL)
Solana contains many DeFi, NFT and Metaverse protocols, as it is considered to be one of the operating blockchain networks that seeks to displace Ethereum.
With its growing ecosystem, the demand for SOL tokens continued to grow, which helped the protocol maintain its position against forces seeking to destroy it. Last week, Solana grew by 27.35%.
Oracle Chainlink Protocol (LINK)
Chainlink is the first oracle protocol in the digital currency ecosystem that connects blockchain protocols to each other to search for data that may be needed for DApp development and functionality.
LINK at $ 6.68 is far from its ATH at $ 52.88, but it is one of the best figures of the week, rising 18.67% at the time of writing. The price of the token by the end of the third quarter is $ 12.
Key points to keep in mind
Although CoinMarketCap lists over 15,000 coins and tokens, there are a few coins worth keeping during this crypto-winter. Investors looking for coins can start researching these profiled coins, taking into account their resistance during downtime.