The altcoin market is starting the holidays with slight signs of recovery after the intraday volatility. Bitcoin and Ethereum aside, the following 4 altcoins are leading the green board with new news.
Cronos (CRO) price up 35% on these 3 factors
Cronos (CRO) rose 11.24% to $0.07841 yesterday. Then, it joined the league of high-performing altcoins. CRO’s growth is currently driven by three observable pillars.
The first is the excitement associated with the exchange’s latest partnership with tech giant Samsung Electronics. The partnership has seen the Cronos App designed and optimized for Galaxy Z Fold devices. As mentioned, this app will increase functionality regarding trading and analytics.
Second, Cronos has created a unique gateway for Ethereum users to earn Flash rewards as one of the core supports of the Shapella upgrade. Finally, the listing of highly innovative projects, the newest of which is TomiNet, has repositioned the exchange as a dynamic project that understands key demands from the industry.
This Ethereum-based AI Coin secretly rose 35%
CryptoAI, the new Ethereum-powered AI project, recorded a spike of 35% yesterday. The momentum continues at the same rate today. CryptoAI is currently leveraging two major bullish foundations. This included the hype around artificial intelligence (AI) following the popularity of ChatGPT and Bard, and a renewed interest in Ethereum as highly functional.
While this basic knowledge is a plus for the CryptoAI project, it is developing its own ecosystem as it seems to be the dominant protocol powering all AI-related content production. Describing its achievements since its inception, the protocol stated that it has launched “the first Analyze bot that can scan any smart contract and provide a clear, simple analysis of token distribution among holders.”
2 important developments that drive the altcoin XRP price
XRP expects an impressive end of April and the remainder of Q2. The altcoin has been on the radar of most industry watchers since the beginning of the year. While its growth has been relatively stable, periods of price declines have become largely apparent over the past few weeks. Now, as Q2 gains additional momentum, two of the key on-chain metrics are worth watching.
The first is trading volume. This is very important as it shows the interest of individual investors within the XRP community. The remarkable trading activity of these individual investors has the potential to consolidate XRP’s current bullish price action.
The second important metric to watch out for is whale action on the XRP network. According to the data, there are notable whale transactions on the XRP network that have the potential to significantly influence the XRP price in favor of price growth. Also, the opposite is true.
Altcoin listed on Binance Launchpad records record traffic
Open Campus (EDU), which started pre-sale on Binance Launchpad yesterday, reached the market agenda for a short time. Chinese researcher Wu states that Binance Launchpad experienced “sudden massive traffic” with the interest of those who want to buy EDU.
— Wu Blockchain (@WuBlockchain) April 28, 2023
EDU price is now back to the $1.5 region it reached shortly after it was listed. The price started to decline after peaking at this level. We have included the Open Campus (EDU) and its pre-sale in this article of Kriptokoin.com.
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