Less volatility was experienced in the digital currency ecosystem over the weekend, but the overall outlook remains bearish.

The combined market capitalization of cryptocurrencies was still 1.75% below $917.22 billion at the time of writing, a far cry from the $1 trillion benchmark used to judge the moderate health of the cryptocurrency. ecosystem.

With the general regressive path of major digital assets, here are some of the altcoins to watch this week.

XRP (XRP)

XRP growth is the largest of the top 10 tokens in the past week, rising 32.47% to $0.4975 in the same time frame. The XRP community has always remained optimistic about the potential of its sister company, Ripple Labs Inc, to win the long-running lawsuit with the US Securities and Exchange Commission (SEC).

Negative demand shocks have hit the digital currency significantly, but the prospect of winning the case has kept investors optimistic about likely future price growth. Ripple and the SEC have asked the courts to rule on the case, creating an avenue for investors who are confident the company will win to pocket some of the coins.

This move is somewhat dangerous as things can turn upside down. However, a profit can be huge and today’s buyers choose to focus on this.

Algorand (SOMETHING)

Algorand has been a consistent builder of blockchains in the broader crypto ecosystem, and with the partnership making it to FIFA for the upcoming World Cup, the protocol is set to gain further global recognition. This recognition can boost its adoption across the board and therefore bodes well for the ALGO coin.

The coin is one of the best performers over the past week, up 34.32% to $0.3815, and the short-term price gains are worth watching to learn.

Composite (COMP)

Compound is one of the most dominant decentralized finance (DeFi) protocols that has stood the test of time compared to related protocols. Its legacy, consistency, and innovative growth have made the COMP token more resilient.

COMP is currently changing hands at $61.84, up 25.65% in the last 7 days. With Ethereum transitioning to proof of stake (point of sale) after the merger, DeFi enthusiasts may look to Compound as a legacy platform to meet their lending needs.

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