The cryptocurrencies They close a month with few changes and in the midst of a market that is trying to analyze the consequences of the banking crisis in the US. The price of Bitcoin closed April trading below US$30,000, showing a slight monthly increase of 2.8%. In this way, this period became its fourth consecutive month closing in gains (22.96% in March, 0.03% in February and 39.63% in January).
Thus, The cryptocurrency continues to show a strong upward trend since the beginning of 2023. And, according to some analysts, it could continue to appreciate in the remainder of the year.
The cryptocurrency showed signs of price recovery since the beginning of the year, despite the events that have affected other cryptocurrencies derived from the banking crises that have been developed in the first quarter of this 2023.
Last month bitcoin reached its second month of the year with the highest performance, with 22.96%, with January being the one that has surpassed it so far with a performance close to 40%. Bitcoin thus achieves a 66% increase so far this year while the market showed some resistance to external factors.
Cryptocurrencies: Which Fared Better in April?
1. Binance Coin (BNB): 6.43%
2. Solana (SUN): 5.41%
3. Tron (TRX): 3.51%
4. Dogecoin (DOGE): 3.27%
5. Bitcoin (BTC): 2.8%
6. Ethereum (ETH): 1%
Cryptocurrencies: which ones fared the worst in April?
1.Polygon: -11%
2. Ripple (XRP): -10%
3. Shiba Inu (SHIB): -7.5%
4. Polkadot (DOT): -7.4%
5. Litecoin (LTC): -6.4%
6. Avalanche (AVAX): -3.6%
What were the surprises of the month
The three featured digital currencies of the month were Render Token (RNDR), the cryptocurrency of a decentralized platform built on Ethereum that allows rendering jobs to be done quickly and with low commissions. This led the market rises with an advance of 75% in April.
Render is followed by Injective (INJ) which is also another cryptocurrency associated with technological advancement. In this case, Injective is the first blockchain to offer self-executing smart contracts that power applications. This cryptocurrency shot up 63% in the month.
Lastly, the The third cryptocurrency with the highest increase of up to 50% is Casper, a cryptocurrency associated with an open source blockchain optimized for companies and developers. It is the first proof of stake blockchain, built from the original Casper Correct-by-Construction (CBC) specifications, designed to accelerate the adoption of blockchain technology. Casper’s network makes it possible to create new sustainable markets and unlock value, through the tokenization of almost any asset, without compromising its performance and security.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
