Market Analysis Report (17 Jun 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.

Monero (XMR) – Monero is a decentralized cryptocurrency that uses ring signatures, ring confidential transactions, and stealth addresses to obfuscate the origins, amounts, and destinations of all transactions. Transactions on the Monero blockchain cannot be linked to a particular user or real-world identity.

Storj (STORJ) – Storj is a decentralized cloud storage platform that allows anyone to rent their idle hard drive space and earn revenue by doing so. End-users can use Storj to store their files at competitive prices and within a p2p network that is secure from severe downtime, censorship, and hacks.

UMA (UMA) – UMA is designed to power the financial innovations made possible by permissionless, public blockchains, like Ethereum. Using concepts borrowed from fiat financial derivatives, UMA defines an open-source protocol that allows any two counterparties to design and create their own financial contracts.