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While we are in the last days of July, Bitcoin and Ethereum , the two biggest digital currencies of the market, have decreased by 1.59% and 0.81% respectively in the last seven days, and they are likely to register their monthly candles in the red. Along with the almost neutral trend of these two currencies, some lesser-known altcoins have grown significantly in the past few days and have attracted everyone's attention.
According to Coin Desk , one of these altcoins is the OGN token of the Origin Protocol . The price of this token has increased by 32% in the last 7 days and has recorded a good performance.
There are several reasons for the dramatic growth of OGN Origin prices. One of these reasons is the widespread acceptance of the DeFi Origin protocol by users, so that the value locked in this protocol has exceeded 85 million dollars. Another reason for the significant growth of the OGN token is the introduction of the "Origin Points" program. This program was launched with the aim of user interaction and rewards them for performing various tasks, including activities on social networks.
The price of KNC tokens of the Kyber Network exchange and ASTR of the Astar smart contract platform have also increased by 23% and 22% respectively this week. One of the reasons for the recent growth of the ASTR token is the introduction of the second version of the vision of this parachain called Astar 2.0 Vision, which focuses on future innovations and greater adoption of the third generation of the web. Based on Vision 2.0, the design of ASTR token has changed and we will see fundamental changes to support Web 3.
Among other altcoins that had a good growth during these seven days, we can mention the ZEN token of the Horizon network (Horizen) with a 15% increase in price. The NMR token of the Numeraire platform has also increased by more than 10% in the same period of time.
Interest rates rose on Wednesday and markets are now gearing up for the release of macroeconomic data in the coming days. The week ahead is focused on jobs-related economic data, including the nonfarm payrolls report for July (released Friday) and job openings and labor market (JOLTS) data (released Tuesday). It is currently forecast to have added 190,000 jobs in July, and job openings have fallen from 9.8 million to 9.5 million.
