Cryptocurrencies to Keep an Eye on for the Week

• This week’s top cryptocurrencies are SNX,OP,BTC,PAW,SHIB.
• In the last 24 hours, PAW has increased by 42.96%.

Many major coins have seen significant gains so far in 2023, which has been a great start for the cryptocurrency market. However, the crypto market has fallen off as we move into the week of March 6. Here are the cryptocurrencies to watch for this week.

Synthetix (SNX) 

The ongoing network new projects are generating more investor interest in the Synthetix Network (SNX), a decentralized finance (DeFi) protocol. Following security evaluations, Synthetix, which enables the issuance of synthetic assets on the Ethereum (ETH) blockchain, recently launched version 3 (v3) on the Ethereum mainnet. According to CoinMarketCap SNX is trading at $3.19 with a 24-hour trading volume of $140,396,671. SNX has gained by 5.33% during the past 24 hours.

Optimism (OP)

As a layer 2 network, optimism operates over the mainnet of Ethereum (layer 1). Even though transactions take place on Optimism, the related data is uploaded to the mainnet for validation. It is comparable to driving on a less congested side street while experiencing the protection of a highway. The cryptocurrency exchange Coinbase unveiled the launch of its layer-two network for Ethereum using Optimism-based technology, which has led the token to surge. The news has led to Optimism recording gains for the OP token several times. 

The current price of OP is $2.44 with a 24-hour trading volume of $188,367,824. In the past 24 hours, OP has increased by 0.27% as per CoinMarketcap. 

Bitcoin (BTC)

The first cryptocurrency, Bitcoin (BTC), formed in 2009 by an individual using the identity Satoshi Nakamoto. Like most digital currencies, Bitcoin is managed by a blockchain, which is a digital ledger of all transaction activity shares among a lot of machines. According to CMC, Bitcoin (BTC) is trading at $22,382.04 with a 24-hour trading volume of $14,357,370,363 volume. 

Pawswap (PAW)

A multi-chain decentralized exchange centered on Shibarium is called Pawswap (PAW). Initial versions of the PAW coin are ERC-20 tokens. Originally, the PAW token is an ERC-20 token. Due to the rising popularity of the token, PAW’s value has significantly increased. Recently, PAW has encountered several listings on important exchanges. 

The PAW token listed earlier this week on LBank, another top-20 platform. As per CoinMarketCap PAW is trading at the price of $0.00000009135 with a 24-hour trading volume of $13,914,931. In the last 24 hours, PAW has increased by 42.96%

Shiba Inu (SHIB) 

Shiba Inu (SHIB), the second largest memecoin, launched on the Ethereum blockchain and is also obtainable on the Binance Smart Chain (BSC). SHIB is rapidly becoming one of the market’s most regularly discussed cryptocurrencies. Recently, Shiba Inu’s official Twitter account confirmed that it will celebrate the arrival of the metaverse at SXSW.

SHIB currently trades for $0.00001099 with a 24-hour trading volume of $145,664,978. SHIB has decreased by 2.13% during the past 24 hours as per CMC. 

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