3 altcoins of this week

Key points: 

• DOGE's recent rally is likely due to Elon Musk's announcement of Twitter 2.0, as many believe that DOGE will be part of this payment mechanism. There are also rumors that Musk and Ethereum co-founder Vitalik Buterin may be working on further improvements to DOGE.
• CELO’s rally can be attributed to Curve Finance’s deployment of Celo in partnership with StakeDAO and Stake Capital.
• SHIB is poised to debut on the Japanese cryptocurrency exchange BitPoint on November 30.

Crypto markets continue to struggle as we enter the final month of 2022. The global cryptocurrency market capitalization remains below the $900 billion mark, with Bitcoin (BTC) still hovering just above the $16,000 mark. The most likely reason could be an upcoming speech by Federal Reserve Chairman Jerome Powell on the US economic outlook and employment. In addition, the possibility of raising interest rates by 50 basis points in December is more likely. However, the hike was less than it had previously done following the release of lower U.S. CPI data.

Still, some crypto projects may still see some positive moves.

Crypto projects to watch this week

Dogecoin (DOGE): DOGE is the only top 10 green cryptocurrencies. The token is up 23.2% over the past week. DOGE's recent rally is likely due to Elon Musk's announcement of Twitter 2.0. According to the announcement, a new payment feature is being developed, and many believe that DOGE will be part of this payment mechanism.

Additionally, there are rumors that Musk and Ethereum co-founder Vitalik Buterin may be working on further improvements to DOGE.

At press time, DOGE is trading at $0.095739, up 6.7% over the past 24 hours.

Celo (CELO): CELO is currently the best-performing cryptocurrency in the top 100. The project has been up 57.5% in the past 7 days. CELO’s rally can be attributed to Curve Finance’s deployment of Celo in partnership with StakeDAO and Stake Capital.

At press time, CELO is trading at $0.686960, up 24.6% over the past 24 hours.

Shiba Inu (SHIB): SHIB is poised to debut on a Japanese cryptocurrency exchange. The popular dog-themed cryptocurrency will be listed on the BitPoint exchange on November 30. The listing is significant as SHIB has many influences from Japanese culture and this is the first cryptocurrency exchange in Japan to list the token.

At press time, SHIB is trading at $0.00000905, down 1.8% over the past 24 hours.