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The crypto market has found a new vigor after Telegram announced its plans to build noncustodial wallets and decentralized exchanges. The project’s goal is to “fix the wrongs caused by excessive centralization, which let down hundreds of thousands of cryptocurrency users,” according to Pavel Durov—the founder and CEO of the messenger.
Which are the other projects that can give a boost to the crypto market? Let’s find out.
1. GMX
GMX has climbed 10.60% in the last 24 hours and 36.3% in the last two weeks, currently ranking #75 on the global charts. The native token of the decentralized perpetual exchange of the same is seemingly recovering the losses over the last few months. To give you more perspective, the token is currently priced at $54.11, which is 75.01% down from its all-time high of $217.32 in Nov 2021.
GMX 1-day price history, 2 Dec 2022, CoinMarketCap
The platform allows the trading of top cryptocurrencies, including BTC, ETH, and AVAX, with up to 50x leverage directly from your wallet. GMX recently announced that Delta Prime DeFi and Avalanche are working to integrate $GLP as collateral in their ecosystem, giving a strong boost to the token. The launch of a series of GMXRUSH Trading Contests on Avalanche has also helped the token gain momentum. It is one of the best long-term tokens to invest in.
Thanks to @DeltaPrimeDefi on @AvalancheAvax for working to integrate $GLP as collateral in their ecosystem! https://t.co/Wr61ckhUW9
— GMX 🫐 (@GMX_IO) November 30, 2022
2. Lucky Block
Another project that has some big news is Lucky Block. The platform recently introduced a gambling and sports betting token with improved features and functionalities. The platform’s new look is fueling demand for the token from the gambling and sports-betting sectors. Especially from football fans who are under the grip of World Cup fever.
It lists the most popular spectator sports for betting, in addition to 15 eSports like League of Legends, Counter-Strike, and Arena of Valor. Real-sports betting, on the other hand, covers soccer, basketball, tennis, ice hockey, volleyball, handball, table tennis, American football, baseball, boxing, Aussie Rules, rugby, Formula 1, and cricket. The token is predicted to climb up 2X-5X in the next few days, as the platform acquires more users. With the FIFA World Cup entering the semi-finals and finals, the bull run will gain momentum.
Lucky Block 7-day price history, 2 Dec 2022, CoinMarketCap
The vibrant Lucky Block ecosystem reveals the huge growth potential of LBLOCK. It is one of the most undervalued tokens of 2023, having been victim to a series of price dumps after the LUNA collapse, FTX fall, and broader market slowdown. If the platform manages to sustain the engagement, it will claim a large share of its lost value by 2023.
3. Dash 2 Trade
Dash 2 Trade is currently hosting a presale of its native token D2T, which has become a rage in the crypto community. The crypto analytics and intelligence platform gives users curated crypto trading signals, predictions, and social analysis for judicious decision-making.
Instead of catering to a narrow user base of experienced traders and professional agencies, Dash 2 Trade opens its services to a broad range of users, from beginner to advanced traders. That highlights the project’s relevance in the crowded crypto market.
Dash 2 Trade dashboard
Dash 2 Trade dashboard assists you in staying on top of the market and fine-tuning your portfolio using an array of data points. To give you an example, the unique social indicators on the dashboard simplify the hunt for coins on the brink of a breakout. Strategy builder and back-tester is another feature that gives Dash 2 Trade a competitive advantage. It mirrors live market conditions and helps you test the profitability of a new strategy.
https://twitter.com/dash2_trade/status/1597879048339951616
Here are more features on the platform:
- Custom-made scoring system for presales and ICOs
- Independent technical indicators
- Auto trading API
- Risk profiler
- Presale listing alerts
- On-chain analytics
- Social trading
The project aims to help users get focused insights into the market, without finding themselves lost in trading jargon.
4. Polygon
Polygon has climbed 7.8% in the last seven days. From the looks of it, the project is aiming higher, with the potential to earn up to 20% on the monthly charts by the end of December. Polygon recently announced its partnership with Flipkart, India’s leading e-commerce giant, to create a Blockchain-eCommerce Centre of Excellence (CoE) that will strengthen Web3 development & metaverse commerce use cases in India.
Polygon 7-day price history, 2 Dec 2022, CoinMarketCap
According to a tweet from the company, “the CoE is expected to redefine the future of commerce, consumption, value creation and help transform the shopping experiences for millions of Indian users.
Welcome back to the Weekly Briefing! 👋🏿💫
Take a look at all the exciting things happening #onPolygon and #Web3. @MagicEden @SettleMintCom@amitchax@artfiglobal pic.twitter.com/zffLQX6lz4
— Polygon | POL (@0xPolygon) December 1, 2022
Image by Victoria Model from Pixabay
