The most recent crypto crash has left many investors in a state of shock. Bitcoin (BTC), the original cryptocurrency, fell to two-year lows. The plummet wiped out the gains that were made in the incredible bull run of 2021. However, the stagnant markets aren’t here to stay forever, and many projects are already showing signs of bottoming.
With that said, let’s take a look at…
Crypto tokens to keep an eye on for the weekend
Cronos (CRO): CRO is the native token of Crypto.com. The exchange faced its fair share of investor uncertainty after it accidentally sent over 300k ETH to Gate.io, another exchange. However, Crypto.com is one of the official sponsors of the FIFA World Cup Qatar 2022, which begins on November 20th and ends on December 18th. The FIFA World Cup is one of the biggest sporting events in the world. The event will be broadcasted to millions of viewers around the globe. Therefore the exchange will have the eyes of the planet upon it, and consequently, its native token, CRO, might see some positive movements.
At press time, CRO was trading at $0.070343, down by 0.4% in the last 24 hours.
Trust Wallet (TWT): After the collapse of FTX, decentralized wallets are seeing renewed interest from users. TWT, the crypto token of Trust Wallet, has seen gains of over 100% in the 30-day charts. As more people become aware of the importance of self-custody and decentralized wallets, the surge might continue.
At press time, TWT was trading at $2.28, up by 4.8% in the last 24 hours.
Ethereum (ETH): The second-largest crypto by market cap reached some commendable milestones in the last couple of days. The number of addresses holding over 100 ETH has reached a 20-month high.
Moreover, we also witnessed the largest 30-day ETH exchange balance decline since September 2020. This could be a sign of a bottom. Additionally, Ethereum’s L2 transactions have surpassed its L1 transactions, showing the growth of builders.
At press time, ETH was trading at $1,218.84, up by 1.4% in the last 24 hours.