Crypto Markets Analysis: Origin Protocol and Kyber Network lead the way among CoinDesk Market Indices’ performance this week. $OGN $KNC $ASTR GWilliamsJr_CMT reports
With each of these tokens boasting market caps below $300 million, they are apt to fall underneath the radar. Still their sector alignment can provide insight into whether their performance was in line with similar assets.
OGN’s gain this week stands in contrast to the Culture and Entertainment Index , which was lower by 3.1%. KNC’s advance came alongside a 2.8% decline for the DeFi Index , and ASTR’s rise outperformed the 1.2% fall for the Smart Contract Platform Index .On the heels of this week’s Federal Reserve interest rate increase and inflation data, next week’s macroeconomic focus will center on jobs, in particular Friday’s Nonfarm Payrolls report for July.
Current expectations are for 190,000 jobs to have been added in July and for job openings to have dipped to 9.5 million from 9.8 million.
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