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Cryptocurrencies: 12,866
Markets: 940
Marketcap: $ 2.05 T(0.79%)
24h Vol: $ 87.19 B
BTC Dominance: 48.87%

Three Crypto Tokens With Strong Momentum to Watch in 2022

Several cryptocurrencies have started 2022 on a bullish note, displaying price rallies and healthy trading volumes that suggest further gains this year. Here are three tokens to keep an eye on.

1. Filecoin (FIL)

The decentralized storage network Filecoin (FIL) has seen its Relative Strength Index (RSI) climb towards overbought territory, indicating FIL may be due for a short-term pullback. Still, FIL’s price reached $8 recently – an almost yearly high – with a notable increase in trading volume, demonstrating a 10.1% growth. The rise suggests a robust start for FIL in 2022, as the token tests key resistance levels with technical indicators pointing to continued bullish sentiment.< Twitter url>

2. Bitcoin SV (BSV)

Bitcoin SV surged over 108% in the past week, entering 2022 at about $102. Positive technical indicators like a bullish Moving Average Convergence Divergence (MACD) support BSV’s surge. The token now faces resistance near the $119 mark, though its steep ascent points to momentum that may carry further into the new year.

3. The Sandbox (SAND)

Updates on The Sandbox metaverse platform suggest a potential price increase for its SAND token, with a short-term forecasted rise to around $0.70. SAND recently experienced a near 10% jump in price from $0.54 to around $0.60 following an announcement of an upcoming land sale on the platform. Overall, SAND has begun 2022 on solid footing.

While the crypto market trades sideways, certain tokens like FIL, BSV, and SAND show meaningful momentum fueled by network growth and updates. New projects entering the scene also reflect the evolution of blockchain technology and offer emerging investment opportunities. Yet, crypto remains a high-risk asset class, and investors are reminded to only allocate capital they can afford to lose. Overall, 2022 may reward scrutiny of tokens with the strongest fundamentals and most compelling stories.

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