Cryptocurrencies To Watch: Week of January 9

investopedia.com:

Is the crypto market on the verge of breaking out of the doldrums? That’s not certain, but the asset class looks healthier than last week. Most cryptocurrencies are above where they were last week, with green across the board. However, there’s no guarantee that the tokens will continue upward. What is notable is that a handful of assets clearly outperformed the market last week.

This week we examine Solana (SOL), Ethereum Classic (ETC), The Graph (GRT), Optimism (OP), Decentraland (MANA), and Ethereum (ETH). 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.

Solana (SOL) was one of the biggest gainers in the past seven days, with the coin increasing by about 45%.This was partly due to the fact that the Solana-based meme coin, BONK, took the crypto community storm, with its own valuation increasing by 1000% in the last week.Solana’s active user base also increased significantly over the week.The number of daily active wallets increased by 3x from pre-FTX levels.

The Solona blockchain network made news last week due to its efforts to rebuild itself afterthe collapse of FTX. The Solana Foundation, which holds approximately 3.24 million shares of FTX Trading LTD common stock, along with about 3.43 million FTT tokens and 134.54 million SRM tokens from the decentralized exchange (DEX), Project Serum, is now trying to move forward without Sam Bankman-Fried's help.

Solana is currently priced at around $16.55 after having started last week at $11.30.

Ethereum Classic (ETC) saw its price increase by 30% after a critical change in the hash rate of the network.In simple terms, the hash rate refers to