These 5 cryptocurrencies dominated this week

Although the majority of the cryptocurrency market has been flashing red in the past few days, some cryptocurrencies have managed to fight through the prevailing bearish sentiment and stand out with their remarkable performance during this time frame.

Timeline of Casper, Frax-share, Gmx, Immutable-x, Xinfin

Key Points: South Korean cryptocurrency exchange Upbit has announced its plans to launch IMX, a new digital asset set to support trading pairs on the KRW market and exclusively facilitate Ethereum network top-ups. The eagerly awaited IMX trading is scheduled to commence on July 28, 2023, at 13:00.

Despite the majority of assets in the cryptocurrency market witnessing a slow start to the week, there are some that are demonstrating strength amid bearish sentiment and are currently still available under an affordable price threshold of $0.10 per wholecoin.

As XDC, the digital token for XinFin Network, exhibits a powerful display of bullish momentum, the cryptocurrency market is humming enthusiastically. XDC has increased by an incredible 74% in just one week, impressing traders and investors with its massive rise.

The price of the XDC Network token, XDC, has increased for a total of five consecutive days and is currently trading at its highest level since April 2022. The token climbed more than 40% from its lowest point this month to its highest level.

INX Digital Company, Inc., a US-regulated broker-dealer, ATS, and transfer agent, announced on July 19, 2023, that it will tokenize and list the equity of Casper Labs, a leading enterprise blockchain software provider.

A virtual sports league for daily fantasy and esports announced a partnership Tuesday with Immutable, one of the world's top Web3 gaming platforms. What Happened: SimWin Sports announced a strategic partnership with Immutable Tuesday that will help the company grow in the Web3 gaming space.

Investors are becoming increasingly frantic as they strive to position themselves for the impending bull cycle, recognizing its lucrative opportunities. In the midst of this frenzy, crypto whales have been discreetly accumulating specific cryptocurrencies that show immense growth potential in the next bull run.

In a recent tweet, Dr. Martin Hiesboeck, Head of Research at Uphold, highlighted the remarkable strength displayed by cryptocurrencies such as XRP, XinFin XDC Network (XDC), Koinos (KOIN), Kaspa (KAS), and Bittensor (TAO), despite the ongoing regulatory challenges surrounding the cryptocurrency market.

With the end of the fifth month of 2023 drawing near, the cryptocurrency sector has been struggling to maintain the gains it accrued since the year's turn. However, some cryptocurrencies, which have fallen through the cracks over their low price per wholecoin, are demonstrating strong potential for success in the future.

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