Market Analysis Report (28 Oct 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.

Huobi Token (HT) – The Huobi token allows users to receive a discount for any fees on the Huobi exchange. It’s described as a “blockchain-powered loyalty point system,” and is the only token Huobi officially launched.

Sushi (SUSHI) – SushiSwap (SUSHI) is an automated market maker (AMM). It launched in September 2020 as a fork of Uniswap, and aims to diversify the AMM market while adding additional features not previously present on Uniswap, such as increased rewards for network participants via its in-house token, SUSHI.

Maker (MKR) – Maker DAO is a decentralized autonomous organization on the Ethereum blockchain. The DAO is behind technology for borrowing, savings, and a crypto-collateralized stablecoin called DAI.