These Crypto tokens are killing it 💥
Helping EVERYONE to make better crypto investment decisions.
👇 1) Radix Protocol rallied +64% last 1w as Radix raised $10m in funding ahead of the launch of its Babylon mainnet scheduled for July 31st which will introduce smart contract functionality on the network. Led by DWF Labs, the funding round brings Radix to a valuation of $400m. The blockchain currently has 50 projects building on it in preparation for the upgrade, offering applications for gaming, trading, lending, NFTs, and wallets. Mkt cap $862m;
👇 2) Injective rallied +46% last 1w following the network’s announcement of the release of Cascade, a Solana Sealevel Virtual Machine (SVM) rollup for the inter-Blockchain Communication ecosystem on Cosmos. The SVM integration into the wide Cosmos ecosystem will enable greater interoperability between blockchains and allow developers to deploy Solana smart contracts and Dapps on Injective seamlessly. Furthermore, Injective developers have also recently released an upgrade for the Injective mainnet which will add smart contract functionality to the mainnet and provide users with enhanced experience on the platform. Mkt cap $753m;
👇 3) Baby Dogecoin rallied +41% last 1w as the project announced its listing on a “top 5” centralized exchange this week, although they have yet to specify which one. The memecoin has also been gaining in TVL, surpassing the $75m mark, and is currently ranked 11th in TVL on the BNB Chain. While the current hype around Baby Doge Coin may be temporary, the project differs from other MemeFi projects driven solely by community participation and celebrity support as Baby Doge aims to expand its utility – for example the project launched the Baby Doge Swap DEX on the BNB network that enables users to trade, farm and stake the coin. Mkt cap $515m;
👇 4) Arbitrum rallied +29% last 1w despite the controversy around the AIP-1.05 proposal which was introduced following Arbitrum Foundation’s transfer of funds without community approval. The proposal calling for the Foundation to return 700m ARB to Arbitrum’s DAO treasury was rejected by 118m votes (84% of total votes); the Foundation has already released a new set of improvement proposals following its first failed attempt at governance. On the plus side, Arbitrum’s adoption level has been increasing, with TVL just short of its all-time high of $2.3bn, outpacing its main competitor Optimism trailing at about $950m. Mkt cap $2.1bn;
👇 5) Rocket Pool rallied +24% last 1w as investors position themselves ahead of Rocket Pool’s highly anticipated Atlas upgrade set for April 17. The upgrade will support withdrawals of staked ETH from the Rocket Pool platform, as well as enable validators to create and convert to 8 ETH mini pools. This lowers barrier to entry for validators, encouraging more participation in increasing security and decentralization of the network. Mkt cap $1.1bn;
👇 6) OKB rallied +20% last 1w which can be attributed to OKX’s announcement of support for the SUI token sale. OKX will begin offering the SUI token on its OKX Jumpstart platform in the form of a token allocation lottery on April 23 – there are 225m tokens available at an initial price of $0.1. OKX Wallet’s partnership with the Sui Network gives OKX users seamless access to SUI ecosystem projects and participate in airdrops and initiatives. Mkt cap $3.1bn;
👇 7) Solana rallied +20% last 1w following the highly-anticipated mobile launch event on April 13, where Solana released Saga, an Android smartphone powered by the Solana blockchain. The smartphone allows users to mint NFTs, manage crypto assets, and run applications through the Solana Dapp store. The initial price is expected to be $1,000. Also supporting the rally, Solana’s popular memecoin Bonk Inu just released a native DEX, BonkSwap, which will leverage Solana smart contracts to allow users to swap SOL, BONK and stablecoins; Bonk Inu developers plan to release additional features including a Bonk-based game, trading features such as options and perpetual futures on the exchange in the coming months. Mkt cap $9.9bn;
👇 8) Internet Computer rallied +18% last 1w as AirGap, a security-centric self-custody crypto wallet, announced their integration with Internet Computer. AirGap will support the ICP token by offering the AirGap Vault, and AirGap Wallet, which will help enhance security and enable users to remain in complete control of their funds. Support for ICP staking is also currently under development. Mkt cap $1.8bn;
👇 9) Avalanche rallied +14% last 1w as the network saw a surge in daily active addresses, reaching a 6-month high last week. The rise in activity coincides with Avalanche’s partnerships with TradFi institutions Wisdom Tree, T.Rowe Price and Cumberland to test Avalanche’s ‘Spruce’ subnet which aims to make trade execution and settlements more efficient. The Spruce subnet is among the Evergreen subnets Avalanche launched this month which offers a suite of deployments and tooling for financial institutions. Mkt cap $6.8bn;
👇 10) Near protocol rallied +10% last 1w as the Near Foundation revealed plans to allocate funds from its treasury to internal DAOs including Marketing DAO, Developer Governance DAO, Creatives DAO and the Near Digital Collective, in a shift for more decentralization. The network has also progressed toward greater decentralization as it reached an all-time high of daily active accounts of roughly 64k in Q1 2023. Mkt cap $2bn;