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The crypto market is enthusiastic as bitcoin (BTC) surpasses $30,000 for the first time since June 2022.
In the last 24 hours, several altcoins have experienced impressive price surges, including Conflux (CFX), Render Token (RNDR), and Injective Protocol (INJ), all benefiting from the positive market sentiment.
In the last 24 hours, the CFX token skyrocketed more than 15%, reaching $0.42 as of Apr. 11.
This surge can be attributed to the multiple partnerships with Samurai, a blockchain-enabled gaming developer.
Another driving factor behind Conflux’s price jump is Binance‘s announcement to support the network’s mainnet integration.
This development signals increased accessibility for the token, further fueling investor interest.
Render Token leaps on proposed migration to Solana
RNDR has also experienced a significant price increase, jumping nearly 18% to $1.54 within the past day.
The community is currently voting on a proposed migration to the Solana (SOL) network, which is expected to bring numerous benefits, such as improved transaction times, increased flexibility, and reduced transaction costs.
The migration to Solana would allow Render better to meet the technical demands of its growing network and support the implementation of the burn-and-mint equilibrium (BME) model.
Injective Protocol ascends on hackathon and liquid staking news
INJ has enjoyed a surge of almost 13% in the last 24 hours, reaching $6.38 as of Apr. 11.
The platform, backed by Mark Cuban and built on the Cosmos (ATOM) blockchain, has attracted attention due to its ongoing virtual hackathon, which offers up to $1 million in global prizes and funding opportunities from renowned venture capital firms.
In addition, the platform has recently introduced liquid staking for INJ through a partnership with Stride, further bolstering the token’s appeal.
The road ahead
The positive investor sentiment, fueled by bitcoin’s breakthrough, has created a ripe environment for these projects to flourish.
With multiple partnerships, mainnet integrations, and network upgrades, the future looks bright for these altcoins as they continue to ride the wave of enthusiasm in the crypto space.
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