Green market: cardano is up 5%, solana 11% and this crypto even more
We already took into account the possibility that it would become volatile again in the crypto market this week. Prices were not expected to move again until after Easter, but they suddenly started to rise sharply yesterday. Still, even more volatility is likely this week. The total market cap is up 4.6% in the past […]
We already took into account the possibility that it would become volatile again in the crypto market this week. Prices were not expected to move again until after Easter, but they suddenly started to rise sharply yesterday. Still, even more volatility is likely this week. The total market cap is up 4.6% in the past 24 hours to $1.29 trillion, the highest since early June 2022.
DAILY CRYPTOMARKET REVIEW$BTC $ETH $RNDR $CFX $INJ $STX $SOL $RIF $MUTE $STPT $FLEX $POKT $CGP $GPT $ARB $TABOO $INJ $AUTO $ZZ $SHIB pic.twitter.com/n5UsH6Tqch
— 🇺🇦 CryptoDiffer – StandWithUkraine 🇺🇦 (@CryptoDiffer) April 11, 2023
Bitcoin tops $30,000
Bitcoin (BTC) takes the lead again, shooting more than 6% above $30,000, also for the first time in 10 months. Bitcoin even tapped $30,400 last night and is currently holding just above $30,000. We may be able to expect another big move tomorrow with the US consumer price index (CPI) and Federal Open Market Committee (FOMC) minutes.
2 things to consider:
1) #Bitcoin faces a massive sell wall at $30k. Will it punch through?
2) Alts don’t pump on #BTC spike, they move when $BTC ranges. pic.twitter.com/PQKyU419Ec— 𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰 (@Negentropic_) April 11, 2023
Ethereum will receive a major update tomorrow
Ethereum (ETH) is back above USD 1,900 and hit USD 1,940 last night. Still, the 3% increase was a bit more cautious than bitcoin’s, and that may have to do with the highly anticipated update scheduled for tomorrow. The Shanghai, or Shappella, update allows for ETH withdrawals and the market is uncertain whether this will lead to major outflows and sales. Not everything can be withdrawn right away, but it could potentially be $100 million in ETH per day.
Withdrawals of staked ETH have to wait to be processed to mitigate an exodus and worse security for Ethereum. Partial withdrawals would take 4-5 days, while it’s projected to take ~100 days for 1/3 of full withdrawals to happen, translating into $80M-$100M of $ETH being… https://t.co/4mV4JDXk3t
— IntoTheBlock (@intotheblock) April 10, 2023
Solana fastest riser among largest cryptocurrencies
The rest of the top 10 largest crypto coins also turn a nice green. Dogecoin (DOGE) lags slightly in comparison, up 2.3% to $0.085. Polygon (MATIC) is up 2.5% and is currently trading around $1.12. Ripple (XRP) is up 2.9% to USD 0.52.
Cardano (ADA), on the other hand, is already up 5.2% today, briefly rising above $0.41, but now falling back slightly. Binance coin (BNB) is currently dropping slightly below $330 but is still up 5.3%. Finally, we have solana (SOL): the SOL price has risen by no less than 11.1% to $22.5 in the past 24 hours.
With the Shanghai upgrade just around the corner, many are wondering if the percentage of $ETH being staked will increase in the mid-long term. Although the network may experience an initial drop due to withdrawals from staking, the changing network dynamics may ultimately… pic.twitter.com/wPFn8mOb6i
— IntoTheBlock (@intotheblock) April 11, 2023
Radix as the only one in the red, still the fastest climber last week
Radix (RDX) is the only stock in the top 100 to turn red today, falling 2% to $0.05. Radix, however, is the fastest riser on the market compared to a week ago and is still up 21%.
🔁 #Radix Recap 🔁
🔵 RDX Works is going to @consensus2023 🧑💻
🔵 @ociswap had a conversation with @Conor_XRD🎙️
🔵 Learn what went LIVE with RCnet 🌐$XRD pic.twitter.com/6c0IZBCHQL
— Radix – Radically Different DeFi (@radixdlt) April 9, 2023
Fantom, stacks, injective, conflux, render fastest climbers crypto top 100
Among the 100 largest crypto coins today we find a large series of hard risers. Near the top we find phantom (FTM) up almost 9%. The FTM price is above $0.49 this morning.
The past 2 weeks at Fantom!
🔹#phantom Ecosystem Vault hits major milestone, now holds 290,000 $FTM
🔹@DedotFi introduces the first Web3 Defense Suite, deploys on Fantom
🔹@CryptoTaxHQ is covered by #FantomEdge on the @VerticalBlocks YT page
& more! 👇https://t.co/5iBGyE3i5a pic.twitter.com/OTQLaaREMT
— Fantom Foundation (@FantomFDN) April 10, 2023
Stacks (STX) is already up more than 10% today, peaking around $0.96 last night, and holding above $0.925 as of this morning.
build, #BitcoinRepeat.
In Q1 2023, Stacks:⭐ Was named #1 project on Bitcoin
⭐ Reached 100,000 block height
⭐ 60,000 total smart contracts
⭐ Activated 2.1All because of the builders community 💜
Read the full quarterly newsletter 👇— stacks.btc (@Stacks) April 10, 2023
Injective (INJ) recently entered the top 100 and is once again up more than 12% today. INJ failed to break through $6.4 this morning and is currently trading around $6.34. The INJ price is more than 100% up compared to a month ago.
1/ A thread on Injective’s recent updates 🧶
💥 Highlighted News
👪 Ecosystem Updates
⛓️Chain Updates
🥷 Community UpdatesCascade release with @eclipse, @astroport_fi mainnet launch on Injective, @PythNetwork integration, and much more!
— Injective 🥷 (@Injective_) April 10, 2023
Conflux (CFX) continues to climb, growing more than 14% in the last 24 hours. CFX peaked around $0.445 last night and is down slightly to $0.425 this morning. CFX is up no less than 190% compared to a month ago.
📣 Big news, Conflux Community! We’re thrilled to share that @binance will support the Conflux Network #CFX mainnet integration 🎉https://t.co/KXltsQYH7J
— Conflux Network Official (@Conflux_Network) April 11, 2023
Finally, we have render (RNDR), today’s fastest riser from the top 100. RNDR peaked around $1.58 last night and is up around $1.53 this morning. This means that the RNDR price is 16.5% up today.
#RNDR has massive supply of high density GPU power to power AI inference – almost every job now uses AI for denoising (via CuDNN for max perf., & Apple Neural engine soon). Also, we *are* exploring LLM functionality as oss options improving at ⚡️speed…https://t.co/qXZwOB5A8L
— Jules Urbach (@JulesUrbach) April 10, 2023
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