The previous week in the crypto market has not been eventful as the one, at least in terms of prices. The news of interest rate hikes and generally portentous economic outlooks have led to markets all over the world slowing down. The ever-looming threat of a recession has also shaken up many investors.
Although market prices may not be as great as investors would like, some crypto assets still seem worth tracking. This week, Algorand (ALGO), Stellar (XLM), Ripple (XRP), Cronos (CRO), and Dogecoin (DOGE) are on the move.
Algorand (ALGO) has been one of the top gainers among the major coins this past week. ALGO has increased by 25%, and it is currently trading for $0.36.
There are obvious reasons why this might have happened. The project partnered with FIFA for FIFA + Collect, a digital collectible series. This allows fans to collect special moments from the sport.
The second possible reason is the fact that Algorand appointed former Visa and Fidelity executive, Michele Quintaglie, as its new Chief Marketing Officer. With the experience of leading teams for several Fortune 100 companies, she brings expertise in corporate communications, brand development, and marketing.The total value locked of Algorand also reached an all-time high of $263 million on September 24.
Stellar is a platform that facilitates the cross-border transfer of money through its decentralized blockchain solutions. Stellar (XLM) saw its price increase by nearly 10% over the past week, and currently, it is trading at $0.11. Its market cap saw an increase of over 10% and that figure now stands at about $2.9 billion. One contributing factor could be the fact that Tildamail, a decentralized email and storage platform, announced the integration of over 7
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