"Can investors take a look at this crypto first."
The cryptocurrency market facing a fall due to liquidity concerns at Silvergate bank has made it difficult for investors to decide which digital asset to focus on.
As such, Finbold which covers news on stocks, crypto, banking and more has listed some digital assets to watch out for this week. Among them are:
Synthetix (SNX)
SNX, a decentralized financial protocol (DeFi) that carries out continuous network development activities has become the reason why most investors are increasingly interested in the digital asset. Currently, SNX price is trading at $3.15 with a daily gain of around 6%.
SNX which allows synthetic assets on the Ethereum (ETH) blockchain has deployed version 3 (V3) on the Ethereum (ETH) mainnet after a security audit, where V3 features a more efficient architecture to enable faster DeFi applications.
Optimism (OP)
OP saw an increase after crypto exchange company Coinbase announced the launch of a layer-2 network for ETH using the digital asset-based technology.
Following the uncertainty of the crypto market, investors looking to generate profits should monitor the performance of OP regularly, where the digital asset is currently recording a daily gain of over 1% at $2.46.
GateToken (GT)
GT founded by the crypto exchange company Gate.io saw a surge in prices possibly due to the development of its execution platform, where they obtained a Hong Kong Trust or Company Service Provider (TCSP) license.
Maker (MKR)
MKR, Maker Foundation's governance token can be linked to Maker DAO's use of lower loan fees. MKR's trading volume jumped by 200% following the development.
