Top 3 Crypto Projects to Watch this Week

Paigambar Mohan Raj
Source: Reddit

The crypto markets continue to struggle as we enter the last month of 2022. The global cryptocurrency market cap is still below the $900 billion mark, and Bitcoin (BTC) continues to hover just above the $16k level. The most likely reason could be the impending speech by FED chair Jerome Powell on the US economic outlook and the job market. Moreover, there is a high probability of a 50 basis point interest rate hike in December. However, the interest rate hike is lower than the previous ones after the US reported lower CPI numbers.

Nonetheless, some crypto projects could still see some positive movements.

Crypto projects to watch this week

Dogecoin (DOGE): DOGE is the only top-10 crypto in the greens. The token has rallied by up to 23.2% over the last week. DOGE’s recent rally is likely due to Elon Musk announcing Twitter 2.0. As per the announcement, there is a new payment feature in the works, and many anticipate DOGE to be a part of that payment mechanism.

Moreover, there are rumors that Musk and Ethereum co-founder Vitalik Buterin might be working on improving DOGE even further.

At press time, DOGE was trading at $0.095739, up by 6.7% in the last 24 hours.

Celo (CELO): CELO is currently the best-performing crypto in the top 100. The project has rallied by up to 57.5% in the last seven days. CELO’s rally could be attributed to Curve Finance being deployed on Celo in partnership with StakeDAO and Stake Capital.

At press time, CELO was trading at $0.686960, up by 24.6% in the last 24 hours.

Shiba Inu (SHIB): SHIB is all set to make its debut in a Japanese crypto exchange. The popular Canine-themed crypto will be listed on the BitPoint exchange on November 30th. The listing is significant as SHIB has a lot of influences from Japanese culture, and this is the first Japanese crypto exchange to list the token.

At press time, SHIB was trading at $0.00000905, down by 1.8% in the last 24 hours.