Cryptocurrencies To Watch: Week of December 19

Keep An Eye On These Coins

The last seven days weren’t the best for the crypto market. Most tokens followed bitcoin, which experienced ups and downs as it attempted to break out of its bearish zone. Its value has fallen back under $17,000, and other tokens are in a similar condition. However, a few tokens recorded some strong movements. 

This week we examine Toncoin (TON), OKC (OKT), UNUS SED LEO (LEO), XDC Network (XDC), and DigiByte (DGB). In selecting these digital assets, we have considered several factors, including positive technical developments, significant news events, and noticeable changes in price.

1. Toncoin (TON)

Toncoin is the famous token of The Open Network, a project inherited from Telegram. While it is no longer run by Telegram, the project continues to make progress through community development. 

The Toncoin token posted a massive 40% jump in price over the week after it announced a no-SIM signup feature. Furthermore, the number of wallet holders on the network also increased and the Gate.io exchange introduced TON/USDT pair for futures trading.

Toncoin is now priced at around $2.69 (see chart below).

2. OKC Token (OKT)

The OKC Token of the OKC exchange turned in a 21% price jump after OKCoin Japan confirmed it would list meme coin Shiba Inu. OKCoin Japan is one of the country’s biggest crypto exchanges.

Another reason why the token jumped is tied to the fact that decentralized autonomous organization (DAO) infrastructure company Hedgey launched on the OKC network. Users can use the Hedgey protocol to distribute locked tokens and perform DAO-to-DAO token swaps.

The OKC Token was priced at $20 last week and is now valued at around $23.42 (see chart below).

3. UNUS SED LEO (LEO)

Bitfinex’s UNUS SED LEO (LEO) token experienced a 10% gain in market cap in the week. The jump in value is likely because Bitfinex enabled deposits and withdrawals for Chinese yuan on the TRON network.

The LEO token offers benefits to users in the iFinex ecosystem. These include discounts on trading on Bitfinex such as taker fee reductions. iFinex also has committed to buying back the tokens until none remain in circulation.

UNUS SED LEO is now valued at around $3.89 (see chart below).

4. XDC Network (XDC)

The XDC Network (XDC) token’s market cap rose 20% after a major integration. The team announced that STASIS would integrate its euro-backed stablecoin on the XDC network.

The EURS stablecoin has become the first euro stablecoin on the XDC Network, which is a “hybrid blockchain that functions to improve global trade and finance via enterprise-grade interoperable dApps.”

The XDC Network token is now trading for around 2.4 cents (see chart below).

5. DigiByte (DGB)

The price of the DigiByte token (DGB) increased by 10% over the past seven days after a partnership with the LCX exchange was announced. The partnership will involve LCX making a one-time donation to the DigiByte Foundation, among other actions. Half of trading fees on the new DGB/USDC pair will go to the DigiByte Foundation for a set amount of time.

The DGB/USDC pair has been listed on the exchange. The exchange will also run a full DGB node to support the network.

The Digibyte token was priced at 0.076 cent last week. It is now valued at around 0.082 cent (see chart below).

Investing in cryptocurrencies and other initial coin offerings (ICOs) is highly risky and speculative, and this article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies or other ICOs. Because each individual’s situation is unique, a qualified professional should always be consulted before making any financial decisions. Investopedia makes no representations or warranties as to the accuracy or timeliness of the information contained herein. As of the date when this article was written, the author does not own the cryptocurrencies mentioned above.