Top 5 Altcoins to Buy This Week, According to Cheek Crypto
The market is still bearish and traders are extremely fearful when deciding to purchase things or build their portfolio. But Cheeky Crypto, a well-known Youtube Channel in the cryptocurrency field, has highlighted the top 5 altcoins to buy this week due to their performances.
The first altcoin is quite a popular project, Fantom (FTM). Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.
The price action of FTM is down 3.6% and costs $2.32 at press time. The overall rating is a fantastic score compared to some of the ones that we’ve been looking at, that’s why Fantom takes first on the list.
FTM Chart | Source: Coinmarketcap
The second altcoin is Veil (VEIL), Veil is a cryptocurrency project working to facilitate the shift from physical to digital cash economies, making privacy the most convenient choice through both cutting-edge technology and a quality user experience.
Fair distribution and broad decentralization are supported through a hybrid Proof-of-Stake and Proof-of-Work consensus system, including support for the RandomX and ProgPoW mining algorithms.
VEIL is trading at $0.012 and up 11.3% at press time. It’s massively profitable again because this project is doing really well.
VEIL Chart | Source: Coinmarketcap
The next altcoin to mention is MXC. MXC is a Utility Token, also commonly referred to as an Internet of Things (IoT) Token. MXC is building a global data network to allow wireless devices to connect and communicate more efficiently and over longer distances than currently used WiFi and Bluetooth methods.
The MXProtocol and the interoperable Para-Chain network are designed to help cities, companies, and individuals profit/benefit from building an LPWAN network and using it to both transmit and manage data.
MXC is changing hand at $0.055, down 8.37% at press time. We expect this altcoin to bounce to the upside because it’s really strong on artificial intelligence.
MXC Chart | Source: Coinmarketcap
The next altcoin is a decentralized global content ecosystem, this is a really interesting project called Contentos (COS). Contentos is a blockchain protocol that aims to form 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 the price of $0.02, down 7% of the time of writing. We can expect COS to bounce to the upside because it is moving very strongly.
COS Chart | Source: Coinmarketcap
Cardano (ADA) is the last altcoin to mention. Cardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators, and visionaries” to bring about positive global change.
ADA is trading at $1.16 and down about 1%. This is a bargain it could go lower or not due to the bear market. But we can believe in the development of ADA in the future.
ADA Chart | Source: Coinmarketcap
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