Cryptocurrencies To Watch: Week of October 10

investopedia.com:

The last week in the crypto market continued the theme of the past quarter, namely of most assets holding just above their support levels. The asset class is hoping that there will be a reason for it to break out of its slump, and some coins are at least showing positive signs in the near term.

This week, we look at the near-term prospects of Ethereum Name Service (ENS), Casper Network (CSPR), Elrond (EGLD), Polygon (MATIC), and 1inch Network (INCH). 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.

Ethereum Name Service (ENS) has had a strong week as the token jumped by approximately 18% over the course of the last seven days. It’s been one of the biggest weeks for a token that is strongly involved in the rapidly growing Web3 space.

The price jump is likely due to the number of registrations and renewals hitting an all-time high last month. Thirty-nine thousand new users joined in September, with the number of total users crossing 1 million. The ENS token began its week with a price of $14.6 and currently sits at $17.5.

Casper Network (CSPR) was another major gainer this week, with the CSPR coin increasing by roughly 22% in the last seven days.

There are a few possible reasons for this, including the fact that Casper's team has been making appearances at several conferences and expos. Furthermore, the team noted the fact that it introduced an enterprise-grade NFT standard through the release of its CEP-78 protocol. CSPR is currently valued at $0.035, having started the week at $0.028.

Elrond (EGLD) was another one of the major gainers this week, with the EGLD coin spiking by 15% over the