Cryptocurrencies To Watch: Week of January 2

investopedia.com:

The new year has arrived, but it doesn’t yet look as if the cryptocurrency market has the energy to lift itself out of its doldrums. However, the crypto market comes with quick shifts of fortune, so investors may find themselves in a better position sooner than they expect in 2023.

This week we examine BitDAO (BIT), OKB (OKB), Litecoin (LTC), Lido DAO (LDO), and Algorand (ALGO). In selecting these assets, we have considered several factors, including positive technical developments, significant news events, and noticeable changes in price.

One of the biggest gainers this week was Web3-focused platform BitDAO. The project’s BIT token recorded a large jump of about 30% after the project announced a $100 million buyback of its BIT token following successful voting in a proposal.

BitDAO also revealed a Layer 2 scaling solution called Mantle, which will be released later in January. It will offer quick and cheap transactions on the Ethereum network. BitDAO started last week at approximately 28 cents and is valued at about 37 cents in recent trading (see chart below).

The OKB token was another big gainer this week, going up about 30% after announcing a partnership with NEST Protocol. The partnership will allow OKX wallet users to use NEST Protocol’s Futures, Options, Swap, and non-fungible token (NFT) functions directly.

OKB has had a comparatively good few weeks, which bodes well for the exchange. The token continues to increase in price at the start of the first month of 2023. OKB is currently trading at around $30 (see chart below).

Litecoin (LTC) was a surprising gainer this week, going up by nearly 7% to be priced around $75 by Jan. 2 (see chart below).Whales, or big crypto market players, seem to be flocking to the coin,