As the market shows some signs of resurgence, this week’s projects are well positioned to benefit from a change in sentiment and increase in trading activity as a number of significant developments should draw attention to each respective project.

1. Bitcoin (BTC)

Bitcoin is regarded as the world’s first decentralized digital currency and was created in 2009 by a mystical figure named Satoshi Nakamoto. Bitcoin is a deflationary currency whose issuance is capped at a total supply of 21 million coins. Bitcoin is the most popular cryptocurrency and is traded on various exchanges and is also used in peer to peer transactions.

Why Bitcoin?

BTC sits in pole position and retains the ability to influence the overall market and despite the SEC calling for further comments regarding the upcoming SEC decision on the CBOE ETF, the decision is still scheduled for September 30. Any major development will have a major influence on the direction Bitcoin and the market takes in the short term, while the last trade of Bitcoin futures contracts on CME for September takes place on the 28th, and trading terminates at 4 PM GMT with settlements conducted on October 3.

2. EOS (EOS)

EOS was developed by Dan Larimer, the man behind BitShares, Steemit, and Graphene technology. EOS is a high throughput consensus blockchain operating system aims to operate as an alternative to the Ethereum network and provide databases, account permissions, smart contracts, and a high tps rate for projects and dApp developers.

Why EOS?

On September 26, the EOSfinex high-performance decentralized exchange will launch its Beta version. The exchange is built on EOS technology, and enables a trustless trading experience, and will facilitate a highly-scalable network of swift, peer-to-peer exchanges. The project follows the Ethfinex exchange and adds to Bitfinex’s range of operations, EOSfinex should also lead to an increase in the utility of the EOS token.

3. Ripple (XRP)

Ripple is a cryptocurrency designed to facilitate real-time global payments, and the Ripple team use a decentralized network designed primarily as an enterprise global transfer system. Several major global banks use the Ripple protocol as a payment network, partially due to the distributed ledger providing added security, and XRP provides liquidity for banks and payment providers seeking to move funds cross-border.

Why XRP?

The currency has already surged by around 110% as speculation concerning the release of the XRapid protocol saw an increase in funds flowing into XRP. As a result, it briefly occupied the number two spot and the speculation may not be over as Ripple's annual SWELL conference will take place in San Francisco on 1 October - 2 October. While this could be a risky entry point for new purchases of XRP, speculative trading will still take place leading up to and during the conference as any significant developments will see a further price surge.

How did the coins perform last week?

HPB grew by around 18.5% over the week and is currently trading at $0.95, while XTZ grew by 8.5% and is currently trading at $1.70.However, ODN fell by close to 40% and is currently trading at $0.04. At the same time, the market climbed significantly in value over the week, and after opening up at a valuation of $208B on Monday, the week ended with the total cap fluctuating at around $230B, up 10.5% for the week.

Last Week's Top 3 Coins | Crypto Recap Of the Week Sep 17 - Sep 23