Cryptocurrencies To Watch: Week of December 5

investopedia.com:

Crypto market performance hasn't been particularly good over the last week, but it hasn't been too bad either. Bitcoin is currently above the $17,000 mark, and perhaps there is potential for it to hit $20,000 by the year's end.

This week we examine GMX (GMX), ImmutableX (IMX), Uniswap (UNI), Aptos (APT), and Fantom (FTM). In selecting these assets, we have considered several factors, including, but not limited to, positive technical developments, significant news events, and noticeable changes in price.

The GMX exchange saw its token GMX jump by over 30% in the past week. The move is likely sparked by a new desire by market participants for decentralized platforms. GMX also beat Uniswap in terms of trading fees for the first time since its inception.

The crypto market has seen a noticeable move towards decentralized platforms following the collapse of FTX. Investors have become wary of centralized entities and their frailties, as displayed by the FTX incident. The GMX token is currently priced at around $54.18.

Web3 platform ImmutableX experienced an 18% increase in its IMX token over the past week as it announced a major development for its ecosystem. Namely, it announced the launch of Layer 2 bids on the network. Layer 2 features offer faster and cheaper transactions.

The feature applies to all marketplaces in its ecosystem. The team stated that it would help support liquidity and volumes and allows anyone to create permissionless, binding bids on IMX assets.At the time of writing, IMX is hovering at around $0.49.

Uniswap is one of the most recognized names in the crypto market, and its UNI token is in the top 20 by market cap. The token experienced an 18% increase in the past week as the decentralized platform