Shiba Inu, XRP, Mina Protocol, Toncoin and Cronos

While the cryptocurrency market has had a strong year overall, certain crypto assets such as Shiba Inu (SHIB), XRP, Mina Protocol (MINA), Toncoin (TON), and Cronos (CRO) are among the impressive indicators. It is attracting attention due to its potential. For growth.

Crypto Basic conducted an evaluation of these cryptocurrencies, taking into account this year’s price movements, tokenomics, technology, and social impact. These factors seem to bode well for the crypto asset in question, leading to their inclusion in our list of top 5 altcoins to watch.

Shiba Inu

Shiba Inu It may not be the largest asset in the meme coin category, but it seems to command the largest community. Launched in August 2020 under the pseudonym “Rushi,” the crypto token is gradually transitioning from a meme coin to a decentralized ecosystem.

The ecosystem is led by lead developer Shatoshi Kusama and the rest of the team, and involves multiple projects including Shiba Inu Metaverse, ShibaSwap, and Shibarium. Shibu name service.

The continued development of the Shiba Inu ecosystem is expected to further expand the demand and adoption of the SHIB token. The ecosystem also contributes to token burn. These contributions have sparked renewed interest in the Shiba Inu, making it one of the hot options for the future.

SHIB is currently trading at $0.00001053 and maintains a foothold above $0.00001. SHIB’s technicals are mainly bullish, with strong support located at $0.00001023.

Despite the recent uptrend, SHIB maintains a 14-day RSI of 55.85 with 71% Bullish sentiment. The token may encounter resistance at $0.00001088.

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XRP

Being the native token of the XRP Ledger (XRPL) comes with perks, and XRP continues to welcome these benefits. XRP was originally designed to power XRPL, but it has grown into one of the most attractive investment options for crypto enthusiasts.

Tokens were the subject of long debate lawsuit It was between the US SEC and Ripple from December 2020 until recently. A pivotal ruling determined that this was not a security, as the SEC had claimed.

With this decision, XRP legal clarity It is a unique investment option in the United States. XRP has underperformed since the start of the recent market-wide uptrend, but this pattern was seen before the asset’s significant rally in 2017.

Historical precedent maintains optimism XRP Market participants expect that legal and regulatory clarity. XRP’s Fear and Greed Index is currently at 65, indicating greed, as investors remain confident in the asset’s future trajectory.

XRP boasts 18 green days in the past month. With a change in value at $0.6249, sentiment surrounding this asset is 54% Bullish. XRP is trading slightly above the 50-day EMA ($0.6224) and well above the 200-day EMA ($0.5546).

mina protocol

The mina protocol stands out as a minimalist “blockchain in a nutshell” with a focus on privacy and accessibility. Zero-knowledge proofs allow users to interact with decentralized applications (dApps) without compromising their personal data.

The team behind the project continues to drive further innovation, making MINA an attractive asset for the future as a native token. One of these innovations is Mina Aetherium Bridgeenhance cross-chain communication.

MINA, the native token, plays a key role in securing the network and enabling access to dApps. Its remarkable price performance has been attracting attention, recently hitting a 19-month high of $1.48. Investor confidence is high, and technical analysis shows a bullish outlook.

Currently, MINA is trading at $1.439 with a market capitalization of $1,478,288,672, and MINA has risen 8% in the past 24 hours, making it into the top 60 among the largest crypto assets while remaining at 56th place. The 24-hour trading volume currently stands at $177,451,497.

Toncoin (TON)

ton coinis native to the Open Network (TON) and boasts features such as speed, compatibility, and flexibility. Telegram was initially in charge, but the social media platform abandoned the project following regulatory issues with US authorities.

A group of independent developers took over the open network and continues to drive its development.The project roadmap includes TON Bridge and TON swap. The Toncoin Incentive Program, a collaboration with Blockchain.com, further encourages user engagement.

TON, the token powering the network, has shown impressive price performance and is currently trading at $2.40, up 5.79% in the past 24 hours. The continued development of the network positions TON as a potential contender for the next bull market.

Kronos (CRO)

The Chronos Chain was developed by Crypto.com, differentiated by scalability and speed. Key developments such as the Cronos-Ethereum Bridge and Cronos Rollups represent a commitment to advancing blockchain technology.

As a native token, CRO facilitates network security and access to various applications. The token has shown great price performance in the past, rising to an all-time high of $0.9698 in November 2021.

Kronos was one of the biggest beneficiaries of the 2021 bull market. As a result, some market watchers predict that Crypto.com will do well in the upcoming bull market as it continues to gain more user participation.

The crypto token has been volatile for much of this month, but this price move comes after a massive 94% spike in October. CRO currently has a bullish sentiment with an FGI of 65.