Market Analysis Report (30 Sep 2022)

Several tokens are leading the charge in the last 7-day period. Some of these are well-known cryptocurrencies with more liquid trading pairs, so we’ll be focusing on these over low-cap cryptos that may have higher percentage changes.

Compound (COMP) – Compound (COMP) is an ERC-20 asset that empowers community governance of the decentralized money market Compound protocol; COMP token-holders and their delegates debate, propose, and vote on all changes to the protocol.

XRP (XRP) – XRP is the native token of the XRP Ledger and positions itself as a “fast and green” digital asset that was built “to be the most practical cryptocurrency for applications across the financial services space.” It offers fast transaction settlements, can handle thousands of transactions per second, and relies on hundreds of validators on its network.

Quant (QNT) – Quant is a cryptocurrency project that launched in June 2018 that aims to connect blockchains and networks on a global scale without sacrificing efficiency. It aims to allow applications to operate on multiple blockchains through the creation of the first blockchain operating system.