The market is still falling and traders are extremely nervous when deciding to shop or build their portfolio. But Cheeky Crypto, a popular Youtube channel in the crypto space, has highlighted the top 5 altcoins to buy this week due to their performance.
Fantom (FTM)
The first altcoin was a fairly popular project, Fantom (FTM). Fantom aims to solve the problems associated with the smart contract platform, specifically transaction speed, which the developers say they have reduced to less than two seconds.
FTM’s price action is down 3.6% and is priced at $2.32 at press time. The overall rating is a great score compared to some of the reviews we’ve reviewed, which is why Fantom is at the top of the list.
Veilcoin (VEIL)
The second altcoin is Veil (VEIL), Veil is a cryptocurrency project that works to facilitate the transition from a physical cash economy to digital, making privacy the choice. the most convenient through both advanced technology and quality user experience.
Widely decentralized and fair distribution is supported through a combined Proof-of-Stake and Evidence-of-Do the job consensus system, which includes support for the RandomX and ProgPoW mining algorithms.
VEIL is trading at $0.012 and up 11.3% at press time. It is massively profitable again because the project is doing very well.
MXC (MXC)
The next altcoin to mention is MXC. MXC is a Utility Token, also commonly known as the Internet of Things (IoT) Token. MXC is building a global data network to allow wireless devices to connect and communicate more efficiently over longer distances than the WiFi and Bluetooth methods being used today.
MXProtocol and Interoperable Para-Chain network is designed to help cities, companies and individuals profit/profit from building LPWAN network and using it for data transmission and management.
MXC is changing hands at $0,055, down 8.37% at press time. We expect this altcoin to bounce back as it is really strong in artificial intelligence.
MXC Chart | Source: Coinmarketcap
Contentos (COS)
The next altcoin is a decentralized global content ecosystem, which is a really cool project called Contentos (COS). Contentos is a blockchain protocol that aims to create the foundation for a decentralized digital content ecosystem that empowers all members, including creators, consumers, and advertisers, to earn fair compensation for their contributions.
COS is trading at a price of $0.02, down 7% from press time. We can expect COS to rise again as it is moving very strongly.
COS Chart | Source: Coinmarketcap
Cardano (ADA)
Cardano (ADA) is the last altcoin mentioned. Cardano is a proof-of-stake blockchain platform that says its goal is to enable “changers, innovators, and visionaries” to bring about positive change globally.
ADA is trading at $1.16 and down about 1%. This is a bargain, it may or may not be due to a bear market. But we can count on the development of ADA in the future.
ADA Chart | Source: Coinmarketcap