Four Altcoins to Watch Out For: CFX, MASK, STX, and IMX

Four Altcoins to Watch Out For: CFX, MASK, STX, and IMX

The world of cryptocurrency is always buzzing with excitement and activity, and this week is no different. Four altcoins have been performing exceptionally well in the market, and we're here to tell you everything you need to know about them. These altcoins are CFX, MASK, STX, and IMX, and they have been outperforming other crypto assets by a significant margin.

CFX

CFX is the first altcoin on our list, and it has been on a massive rally over the past week. CFX is a cryptocurrency that powers the Conflux network, a public blockchain protocol that aims to deliver high scalability, security, and decentralization. The altcoin rallied from a seven-day low of $0.14 to a high of $0.42, marking an astonishing 200% increase.

The rally is still ongoing, as CFX continues to trade near its highs, and it is worth $0.41 at the time of writing. Conflux's unique selling proposition is its "Tree-Graph" consensus algorithm, which combines the security of PoW (proof of work) and the scalability of PoS (proof of stake). With its innovative technology and impressive performance, CFX is an altcoin to keep an eye on in the coming weeks.

MASK

MASK is the second altcoin on our list, and it is the governance token of the Mask Network. The Mask Network is a decentralized portal that enables users to access blockchain features on top of existing social networks. MASK is an Ethereum-based token that has been on a surge over the past week, rising from a low of $2.70 on March 13th to a weekly high of $6.66, representing a 146% increase.

Just like CFX, MASK is trading near its seven-day high, with the altcoin worth $6.51 at the time of writing. The Mask Network is a project that aims to bring decentralized finance (DeFi) to social media platforms, and with its unique value proposition and solid technology, MASK is one altcoin that is worth keeping an eye on in the coming weeks.

STX

STX is the third altcoin on our list, and it is a layer-1 protocol that aims to enable smart contracts and boost the utility of Bitcoin. STX is built on top of the Bitcoin network, and it allows developers to build decentralized applications on top of the world's largest cryptocurrency. The altcoin surged from a low of $0.57 on March 12th to a weekly high of $1.30, representing a surge of more than 128%.

STX has retraced since then and is trading at $1.19 at the time of writing. With its unique value proposition and solid technology, STX has been gaining traction in the market, and it is an altcoin that is worth watching in the coming weeks.

IMX

The last altcoin on our list is IMX, a protocol designed to enable developers to build fast, scalable, and secure applications for blockchain-based games and non-fungible tokens (NFTs). IMX is ranked 45th in the market, and it climbed from a seven-day low of $0.78 to a high of $1.59, marking a rally of over 103%.

IMX is also trading near its weekly high, with the token worth $1.53 at the time of writing. With the NFT market exploding and the demand for blockchain-based games on the rise, IMX's value proposition is becoming more and more relevant. As such, IMX is an altcoin that is worth keeping an eye on in the coming weeks.

In conclusion, altcoins are becoming increasingly popular among crypto traders and investors as they offer a potential for high returns. The four altcoins mentioned in this article, CFX, MASK, STX, and IMX, have shown significant growth over the past week and are outperforming many other cryptocurrencies. While the crypto market is highly volatile, the performance of these altcoins is a testament to the potential for significant gains for investors who are willing to take on higher risks. As always, it is important to conduct thorough research and due diligence before investing in any cryptocurrency, including altcoins. Nonetheless, the recent performance of these four altcoins is worth keeping an eye on as the crypto market continues to evolve and mature.

https://dailyhodl.com/2023/03/19/four-altcoins-erupt-103-or-more-in-seven-days-as-crypto-markets-awaken/

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