The crypto markets made a slight recovery on Thursday with the total market cap up nearly 1% on the previous 24hrs.

Bitcoin had a sharp selloff late on Wednesday, dropping as low as $18,300 before a small recovery into Thursday, with the top coin currently trading at over $19k.

Top altcoin Ethereum has been struggling again – dipping as low as $1,230 – and despite some upwards trajectory is still trading at less than $1,300 at the time of writing. ETH is now down nearly 20% in the last seven days.

On the other hand, a number of coins have enjoyed great price action and are up 25-30% over the past week.

Algorand (ALGO)

Algorand is Thursday’s top mover according to CoinMarketCap, up more than 18% in 24hrs and nearly 30% in the last week after its new protocol upgrade went live without a hitch.

Algorand was already one of the fastest layer 1 blockchains around, but the upgrade has made it 5x quicker – from 1,200 transactions per second to 6,000. In comparison, Ethereum can currently process 15 tps, Cardano 250, Visa 1,500-2,000 and Solana 3,000tps.

algorand chart

The upgrade also introduced State Proofs, an interoperability standard that communicates blockchains with the outside world, while

CEO Paul Riegle said: “From State Proofs, which are a game-changing blockchain interoperability security feature, to increased TPS, we are unlocking the tools required for Web3 applications to fulfill their vast potential.”

Analysts are forecasting Algorand, which is also a carbon negative company and has a partnership with Fifa, could reach $0.45 to $0.50 in the short term as more investors rush to buy ALGO.

Chiliz (CHZ)

Chiliz has enjoyed a strong eight weeks since the return of major European football and with other sports leagues such as the NBA set to return soon – as well as the World Cup on the horizon – many are predicting strong volume and price action until the end of the year.

Chiliz, in partnership with Socios, provides fan tokens for a number of high-profile sports clubs and leagues, including FC Barcelona, Real Madrid, Arsenal, Manchester City, the NBA and the UFC.

From July lows of $0.095, CHZ has surged by more than 150% to currently trade at just shy of $0.25, with a volume of $750 million in 24hrs.

Chiliz will roll out their ‘I am More than a Fan’ debit card in November, while the pending Fifa World Cup appears to be the dominant narrative for CHZ’s continued push up.

Twitter analyst Andrew Kang saying there is a “vacuum for narrative and attention” after the Ethereum Merge and one that CHZ could fill.

Kang claims that the World Cup can fill that gap in the coming weeks and months and Chiliz are perfectly poised – and have proven to be talented marketers in the past – to take advantage.

Tamadoge (TAMA)

Tamadoge is a new project that just enjoyed a hugely successful presale – raising $19 million in less than eight weeks ahead of listing on major exchanges in the coming days.

The developers are set to reveal listings on a number of exchanges with a major announcement set for Friday, September 23 at 11am UTC.

The project combines the potential for returns like other meme coins while offering long-term utility and value through play-to-earn gaming, NFT ownership and much stricter tokenomics.

tamadoge chart

Holders of the TAMA token will be able to mint NFT pets at the end of the year, which will form the center of the Tamaverse. Holders of pets can buy them virtual treats, food and toys from the pet store, feeding and caring for their pets and watching them grow.

The pets can then do battle against other players for the chance to move up a global leaderboard and win prizes and tokens.

Later in the roadmap, other P2E arcade games will be released, while an augmented reality app is also in development to allow holders to take their pets outside into the real world to explore.

The TAMA token also employs strict tokenomics that should see it rise in value. There is a max supply of just 2 billion, with 50% of those sold at presale, 20% set to be used for liquidity on exchanges and the final 30% to be released over 10 years to fund ongoing developement.

There is also a deflationary mechanism with 5% of tokens used in every pet store transaction permanently banned.

tamadoge ecosystem

Dogecoin, on the other hand, currently has 130 billion in circulation and an infinitely increasing supply, while Shiba Inu has a 550 trillion-coin supply – 275,000 times bigger than TAMA.

With a doxxed and KYC verified team, audited contract and growing social media following, Tamadoge is expected to surge once it hits exchanges in the coming weeks.

Keep up to date with the latest developments on the Tamadoge Telegram group or Twitter.

Ripple (XRP)

There finally appears to be light at the end of Ripple’s long fight with the US Securities and Exchanges Commission.

As we outlined earlier this week, Ripple’s two-year legal case against is close to being settled, with Ripple’s laywer taking to social media this week to state that the SEC have been “unable to identify any contract for investment (that’s what the statute requires); and cannot satisfy a single prong of the Supreme Court’s Howey test.”

CEO Brad Garlinghouse also hit out at the organization and said that there should be a summary judgement in front of a judge by mid-November – although it is unclear how long a judge will take to make a ruling on a case as complex as this.

Like with Andrew Kang’s claims on a perfect narrative for CHZ (above), the Ripple narrative is another to keep a close eye on in the coming weeks and months.

xrp chart

Ripple – which is up 8% in 24hrs and 30% in seven days to $0.4365 – has remained in the crypto top 10 by market cap throughout the two-year case and is considered as a sleeping giant by many in the space.

Should the judgement be positive then the price could explode.

Your capital is at risk. Crypto asset investments are highly volatile and speculative. 

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