Three Altcoins To Explore| MojitoSwap, The KCC's No. 1 DEX, Was Listed on KuCoin with an Increase of Over 100%.

2022/02/15 10:26:23

Last week saw the return of price surge in the cryptocurrency market with a majority of the leading names recording appreciable increases in market price. This week, Bitcoin has maintained the price trajectory by swinging between the $42,000 to $45,000 mark. It started the week at just under $42,000 and closed the 7-day period at the same price range. At the time of this report, the price of BTC was at $42,700, while not forgetting that BTC price hit $45,000 for the first time since the price slump this year during the past 7-days.

For Ethereum, the week’s opening price was $3,014 and it closed out the 7-days period at just over $2,900, which was largely a sideways move. On the back of a stronger U.S dollar, it seemed there was little support to push crypto prices higher than the recovery threshold of the previous week. While the expectations for a wholesome market recovery remained high, it appears there must be some patience before the bulls sweep through the market.

Some of the top-performing altcoins for the week were Luna and Ripple with a decent appreciation in price that made investors hopeful about a bullish upsurge around the corner. Yet, the top performers on our list this week were MJT, GARI and GLMR. These cryptocurrencies are examined further below.

Notice: KuCoin does not provide financial advice. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology.

MojitoSwap (MJT)

source: mojitoswap

MJT traded at just about $1.05 on 5th February 2022m and surged to $2.14 by 10th February to reach a new high for the month, with an increase of over 100%. Although MJT lost the price momentum for the rest of the week to close at $1.55, its mid-week price performance was enough to throw in some excitement for holders of the token.

MojitoSwap token is the governance token issued based on the KCC, 20 mechanism and holders of the token can partake in lending, liquidity mining, among other activities. Holders of MJT also have a say in how the MJT DAO will be steered in the years to come. The right to vote, introduce proposals and shape the future of the ecosystem are embedded in token ownership.

The MJT protocol encourages earning with staking, token swaps and farming against the framework of an autonomous market maker that drives the trading activities. KCC offers lower cost and speed that gives the project a platform to optimize and win a sizable market share.

Trade MJT and 600+ other altcoins on KuCoin

Gari Network (GARI)

source: blockchaines.tech

For the week under review, GARI had a high of $0.5696 and a low of $0.4892. While the market price was not performing at its best this week, it largely avoided the low range of the previous week to earn a place among leading tokens by price performance for the 7-days under review.

The Gari Network is a platform for content creators to display their creativity to a larger audience. The platform gives these artists a digital showcase that enables them to earn, gain popularity, and draw attention to their works of art. The leading edge here is that creators have a chance to earn a fair reward for their works.

To complete the spectrum, the audience is not left out, as viewers can also watch-to-earn, engage-to-earn, and play-to-earn mechanisms to their advantage. The patrons here do not just enjoy the fun, they also get to earn while engaging in what they love. Gari Network is enabled for web 3.0 so that data, voice, and video have no inhibition for easy interface.

GARI token holders are able to participate in the activities of the DAO so that voting, introducing proposals and earning rewards are also possible within the ecosystem. Users of the network are able to view their earnings and see content engagement transparently alongside the blockchain features.

Trade GARI and 600+ other altcoins on KuCoin

Glimmer (GLMR)

source: news.coincu

The moonbeam project is governed by the Glimmer token. This token moved away from its low of $4.639 of the previous week to reach a high of $6.360 during the 7-day period under review. This price performance underscores the mention of GLIMR among the top performers of the week.

Glimmer enables developers to create new and optimized permissionless DApps with the utilization of proven Ethereum development utility tools. With the Glimmer ecosystem, developers can explore multi-chains with minimal changes recorded so that the expected outcomes can be safeguarded. Developers do not have to reinvent the wheel as they can use existing tools with the ecosystem and obtain cutting-edge results with new DApps.

The project enables decentralized apps developed on Ethereum blockchain to be integrated with Polkadot parachains and secure the efficiencies of a multichain compatibility.

Trade GLMR and 600+ other altcoins on KuCoin

Conclusion

The price surge seen in the crypto market at the beginning of the previous week has dampened to a large extent. While there are still green shoots in the market, some projects witnessed price losses as the week ended. The possibilities in individual projects are likely to lead to a price leap at some intervals. As the top 1 altcoins exchange, KuCoin keeps finding the next crypto gem for all classes of investors.

If the positive waves for Ripple on the legal front continue, it might continue its price leap for some time. Projects with airdrops in the coming days, sustained relevance, and futureproof potential as seen in new technologies are likely to make investors smile as the weeks roll by. Keep an eye on this space.