
These are some interesting coins that you should keep an eye on.
The cryptocurrency market is still holding steady at its current levels after experiencing a brief upward blip late last week. The crypto market's price outlook is positive, with investors optimistic for the medium-term future. Some tokens, in particular, are outperforming the market.
We examine Render Token, Casper, Injective, Internet Computer and MultiversX this week. We considered various factors, such as beneficial technical developments, significant news events, and significant changes in price, among other factors, in selecting these assets.
Render Token, one of the best performers in the cryptocurrency market, rose its price to 35% during the week. The increase is probably due to the launch of a new Render model, called BME, on the Solana blockchain. The network's architecture was anticipated and changed.
The expansion of Solana's network will enable the Render project to take advantage of Solana's faster transaction times and lower expenses. Render Token is a centralized GPU rendering system that allows for broader access to intricate rendering processes. The project has potential in fields such as media, gaming, virtual reality, and medicine. The RNDR is currently priced at around $2.50, having been $1.74 a week ago.
The Casper coin gained about 20 percent last week, likely because of the release of a new block chain web wallet called Casper Wallet. Casper said the new wallet will provide a better user experience, full desktop browser support, native notification delivery, and better security.
The Casper team also announced a relationship with Halborn Security, a blockchain cybersecurity firm. The collaboration aims to make Casper Wallet as secure as possible. Casper is a blockchain with a high performance standard for proof-of-stake. CSPR is currently trading at around 6.3 cents, having been priced at 5 cents last week.
Injective rose by more than 15%, most probably because Binance allowed institutional lending of the token. Financial institutions can lend money to other similar businesses through institutional lending.
The project also announced an integration with a multichain smart contract platform Astar Network and Celer Network on the Ethereum blockchain, which may have contributed to the token's price increase. Injective is a POS blockchain designed for financial purposes. INJ is changing hands at around $7.80, having been valued at least $6.59 a week ago.
The Internet Computer project's token rose 9% in price, possibly because it announced plans to create an Internet Computer Center in Hong Kong. The token and the project are also getting more attention, with the growing social media dominance.
ICP is trading at about $5.90, having been priced at about $5.37 last week.
The e-gold currency of MultiversX rose 10%, possibly because of the cryptocurrency exchange Upbit listed. The exchange has about 9 million users, which provides added exposure for the EGLD coin.
The EGLD is priced at about $43.40, having been valued at $38.80 a week ago.