Kaspa (KAS), Render (RNDR), Injective (INJ) See Upside Amid Market Crash, What’s Going On?
April 27 2023 - 9:10AM
NEWSBTC
Kaspa (KAS), Injective (INJ), and Render (RNDR) are bucking against
the general crypto market trend after sustaining gains over the
last day. This follows a bearish movement that occurred after
Bitcoin reclaimed the $29,000 level. A flash crash sent the pioneer
cryptocurrency back to $27,500 and the crypto market tumbled along
with it. However, not all altcoins in the space followed this as
three assets have continued to see gains. Kaspa (KAS) Rises Over
10% In the hours that followed Bitcoin’s decline, Kaspa (KAS) was
one of the cryptocurrencies that were able to shake off the bears
with ease. In the last day, the altcoin is up over 10% and was able
to reclaim the $0.03 level before experiencing some resistance and
correcting back down. Related Reading: Bullish Momentum Expected
For ARB As Arbitrum Completes DAO Airdrop One reason behind the
impressive movement has been the announcement that the
cryptocurrency would be getting listed on its very first exchange
in the United States. The Uphold digital asset trading platform is
listing the altcoin for trading on Thursday, April 27, and the news
of this listing saw the trading volume of the cryptocurrency rise
over 82%, leading to its surge in price. KAS has also seen multiple
exchange listings this month with LBank and Bitget also listing the
digital asset for trading in the last week. KAS rises over 10% in
24 hours | Source: KASUSD on TradingView.com Injective (INJ) Gains
Reach 9% Injective (INJ) protocol has been behind Kaspa (KAS) when
it comes to gains. Over the last 24 hours, the cryptocurrency has
rallied around 9%, making it one of the best performers for this
time period. This gain has brought the digital asset’s price to
about $8.85, clearing the dreaded resistance at $8.8. INJ’s gains
for the last month have also risen to 139% on the 30-day chart. Its
trading volume has seen a 51% increase as well and is now sitting
at $332 million. Render (RNDR) Maintains Considerable Gains Render
(RNDR) has seen the lowest gains of the bunch but that does not
mean that the altcoin has done poorly by any measure. With over 6%
gains in a 24-hour period, RNDR has emerged as one of the only
cryptocurrencies to be seeing green during these uncertain times.
Related Reading: Losses Dominate Crypto Over The Weekend, Has The
Bear Market Returned? Just like the others, the altcoin is also
doing well on the 7-day and 30-day charts. It is up 10.43% in the
last week and 99.99% on the monthly chart. Its trading volume is
also up as well with an 81.34% increase in one day. What’s Driving
These Gains? Besides Kaspa’s listing on the Uphold exchange, there
seems to be no apparent reason why the other coins are pumping. It
mostly comes to some leftover momentum from the initial market pump
on Wednesday that pushed Bitcoin above $29,800. For now, these
altcoins have been able to hold their gains and remain in the
green. If the market were to pick up once again, then there is a
high possibility that these cryptocurrencies will continue to see
upside. Follow Best Owie on Twitter for market insights, updates,
and the occasional funny tweet… Featured image from iStock, chart
from TradingView.com
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