This week has been a busy one in the crypto world. BTC has ended the week 3.8% higher than where it started, seeing a spike in price up to around $38,500 on January 29th. Meanwhile, XRP price also ended the week strong at 0.47869, around 78% better off than when the week began. Across the wider market however, the impact of the increased interest from investors due to recent news relating to the stock market, Wallstreetbets and investing as a whole can be seen.
With all that is going on in the crypto market right now, KuCoin Blog will look at three high-growth tokens with great potential you should be keeping tabs on.
Dogecoin is an open source peer-to-peer digital payment system. What sets this internet currency apart from the rest is its vibrant community and use of a Shiba Inu mascot. Dogecoin has sustained itself in online meme culture since its inception, ultimately being dubbed a ‘memecoin’ by many.
However, this week saw both interest and volume skyrocket, helped in part by the larger Wallstreetbets fiasco. Another major factor in its growth came due to the likes of Elon Musk advocating it on his Twitter account. Over the past few days, DOGE has reached an all time high with volumes into the billions per day. DOGE remains in the top 5 for volume, showing sustained interest in the token.
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1INCH is the native token of 1inch exchange, a decentralized exchange aggregator that sources liquidity from various exchanges and is capable of splitting a single trade transaction across multiple DEXs. Smart contract technology empowers this aggregator to enable users to optimize and customize their trades.
Over the past week, both the price and volume of 1INCH has jumped to new highs. This is thanks to a combination of growth in interest toward DEXs and DeFi, a trend which can be seen across the board. This means that 1INCH has solidified its place as a top DEX token, not far behind Uniswap’s UNI and Sushiswap’s SUSHI tokens. 1INCH appears to be following the same path as these two major players thanks to this progression.
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Swissborg is a decentralized wealth management solution. Their flagship product is the Wealth app, which allows users to exchange crypto and make investments using fiat currency. Their aim is to empower everyone to control their own wealth through the use of blockchain and decentralized technology.
Following the release of the CHSB Smart Yield feature on Swissborg, the token has gone from strength to strength. In fact, in the first 24 hours, Swissborg announced that over 100 million CHSB had been staked on their platform. That number grew to over 213 million the next day, accounting for more than 30% of the circulating supply. The CHSB price now remains steady, ranking at a strong 66th place.
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Investing in cryptocurrency is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin is not liable for investment gains or losses.
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