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To See Cryptocurrency: May 1 Week
To See Cryptocurrency: May 1 Week
3 minute read
Keep an Eye on These Coins
The Cryptocurrency market is stable at its existing levels after experiencing a brief upward shock at the end of last week. The overall sense of crypto market prices is positive, investors are optimistic about the medium -term future. Some tokens, in particular, are better performing from the market.
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This week, we examine the render tokens (RNDR), Casper (CSPR), Injection (INJ), Internet Computer (ICP) and MultirsX (EGLD). In selecting these assets, we have considered many factors, including beneficial technological development, important news events and noticeable changes in value.
Key TakeAways
- The render token (RNDR) was the largest beneficiary of the week with an increase of 35%, possibly due to the implementation of its BME model on Solan blockchain.
- Casper (CSPR) was another major beneficiary, which increased the price of 20% after the start of the wallet and partnered with a cyber security firm Halbourne.
- Injective (Inj) token increased by more than 15%, perhaps because the Crypto Exchange Bennes enabling institutional borrowings for Inj.
- ICP tokens of internet computer increased by 9%, possibly due to a new plan to create an internet computer center in Hong Kong.
- The tokens of the multivarsX (EGLD) increased by 10%, possibly being listed on the Crypto Exchange Opter. {alertSuccess}
Render Token (RNDR)
The Render Token (RNDR) was one of the best exploiters in the Cryptocurrency market in the latest week, with 35% of the token. The growth is likely to be caused by the fact that a new render model called BME is live on Solana blockchain. The implementation was anticipated and changed the architecture of the network.
This expansion of the Solana Network will allow the render project to avail the rapid transaction and low cost of Solana. The render token provides a decentralized GPU rendering system that allows comprehensive access to complex rendering processes. This project is useful in industries such as media, gaming, virtual reality and medicine. The price of RNDR is currently around $ 2.50, which was $ 1.74 a week ago (see chart below).
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Casper (CSPR)
The coin of CSPR increased by about 20% last week, possibly due to the release of a new block chain web wallet called Casper Wallet. Casper team says that the new wallet will provide better user experience, full desktop browser support, original information distribution and better security.
The Casper team also announced a partnership with the Blockchain Cyber Security firm Halbourne Security.
The purpose of cooperation is to make the caper wallet as safe as possible. Kasper is a proof-off-set (POS) blockchain designed for high performance. The CSPR is currently trading at about 6.3 cents, priced at 5 cents last week (see chart below).
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Injection (INJ)
Injective (Inj) increased by more than 15%, most likely because the Crypto Exchange Bennes enabled the institutional lending of the token.
Institutional credit allows financial institutions to lend money to other similar businesses.
The project also announced integration with the multichain smart contract platform Estar Network and Celer Network on Ethereum Blockchain, which may have contributed to the increase in the price of tokens.
The injection is a POS blockchain designed for financial use. Inj is changing the hand at about $ 7.80, which valued a week ago about $ 6.59 (see chart below).
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Internet Computer (ICP)
The price of the token of the Internet Computer (ICP) project increased by 9%, probably because it announced a plan to create an internet computer center in Hong Kong. Along with increasing social media dominance, tokens and projects are also gaining more risk.
The ICP is trading at around $ 5.90, which cost around $ 5.37 last week (see chart below).
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Multivarsex (EGLD)
The E-Gold (EGLD) coin of MultirsX rose 10%, perhaps because the Crypto Exchange Opter listed the coin.
The exchange has about 9 million users, which provide additional risk for EGLD coins. Coins emerged from business against Korean Won and Bitcoin. The price of EGLD is around $ 43.40, priced at $ 38.80 a week ago (see chart below).
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