Keep an Eye on These Coins
The cryptocurrency market’s recent momentum subsided a bit in the latest week as Bitcoin fell back to about $22,000. While that’s an improvement from where the market was trading a few months ago, there may be a few more resistance points to break through before the market can enter a bull run. Still, there some crypto tokens are outperforming the market.
This week, we examine SingularityNET (AGIX), Render Token (RNDR), MAGIC (MAGIC), Shiba Inu (SHIB), and The Graph (GRT). In selecting these assets, we have considered several factors, including positive technical developments, significant news events, and noticeable changes in price.
- SingularityNET’s AGIX token was one of the biggest gainers this week, jumping 150%, likely related to interest in artificial intelligence (AI) arising from discussion of chatbot ChatGPT.
- Render Token’s RNDR posted a 51% price increase after the launch of a new tokenomics model and the creation of the Render Network Foundation.
- Magic (MAGIC)’s price also increased abut 50%, possibly in…