During April, when Bitcoin gathered strength for $30,000, a number of altcoin projects gained momentum with new upgrades and partnership moves. In this article, we have included fundamental analysis of 5 altcoins that are moving in an uptrend from the list of analyst Rahul.
5 altcoins that started the week of April 10 with a strong news feed
Injective (INJ)
Finance-focused altcoin project Injective (INJ) stands out as this week’s top earner, posting 14% gains. This increase in price may be linked to the launch of Injective’s first Solana rollup for Cosmos, a Layer-2 solution that increases transaction speed and reduces fees on Blockchain networks.
Injective offers a streamlined toolset for building Web3 applications for finance. Developers familiar with the Solana tools and language can now write and deploy their apps to the Cosmos ecosystem via Eclipse without needing to learn new programming languages or tools.
INJ price is trading in the $6.72 region, where it has gained more than 5% in the last 24 hours at the time of writing. The current price action represented one of the altcoin market’s highest gains.
Curve DAO Token (CRV)
Automated market maker Curve Finance’s Curve DAO token (CRV) is up around 10%, possibly due to its strong performance in the first quarter of 2023. According to crypto research firm Blockworks Research, the platform handled $32.9 billion in swap volumes in the quarter in Ethereum, a volume that eclipsed Curve Finance’s competitors.
In the first quarter, the CRV price rose 78%, indicating that the uptrend has been occurring for some time. At the time of writing, it is trading in the $1.03 region, where it has moved sideways from the last 24 hours.
THORChain (RUNE)
Settlement tier THORChain (RUNE) also had a strong first quarter. Its price has appreciated 12% throughout the process. According to the data, its network registered $1.22 billion in total volume with 30% growth in liquidity. It also collected $1.92 million in liquidity fees.
THORchain may also be on the rise due to the overall progress the Cosmos ecosystem has made. Its price is currently trading slightly lower at $1.62.
Enjin Coin (ENJ)
Enjin Coin (ENJ) gained 11% after announcing its new platform. The new platform of the game and NFT focused project will make it easier for game developers to create collections and tokens.
Enjin is also ending public access to NFT.io, a marketplace powered by the Enjin ecosystem. At the time of writing, its price is trading at $0.4244, down 1.5% from the last 24 hours.
Chiliz (CHZ)
At Chiliz, it was up nearly 10% as anticipation of Chiliz 2.0’s public release increased. Version 2.0 is an evolution of the original Chiliz Blockchain and brings the interaction of brands and sports franchises with fans to the Web3.
In terms of price, CHZ is down 3% over the last 24 hours. It is trading in the $0.1283 region and it is moving towards a critical support area at $1.2.
cryptocoin.com We have included the leading investment news of the day in this article. April 12 was a busy date when the expected March US inflation data were released and Ethereum’s Shanghai upgrade would take place.
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