As Bitcoin's rebound prompts new risk-taking in the crypto market, alternative cryptocurrencies are shining bright with positive news.
According to data source Coingecko, TON, the native cryptocurrency of layer project The Open Network, rose 17.5% in the past 24 hours, while Render Network's RNDR token, a decentralized GPU-based rendering solution, rose 13.2%. Both have been among the best-performing coins over the past 24 hours. Market leader Bitcoin rose 6% to $63,000.
It seems to be driving the rise in TON. report The long-awaited launch of NOT, the native coin of the Telegram-based viral game Notcoin, is scheduled to take place on May 16th. Tokens are minted on an open network.
On Thursday, Binance announced the NOT launch pool, offering 3 billion coins to users who stake BNB or FDUSD stablecoins. OKX has announced a “Jumpstart” campaign that rewards staking TON with rewards instead of tokens. This program will run for three days, starting at 06:00 UTC on May 16th.
Meanwhile, RNDR continued to support the financial results report of Nasdaq-listed tech giant Apple. mention of Octane Tuesday, a 3D design software with rendering capabilities. Since then, the token has gained more than 20%, taking his month-to-date gain to over 56%.
“Professional rendering apps like Octane will absolutely fly,” Tim Millett, Apple's vice president of platform architecture, said in a four-minute keynote Tuesday, referring to the software's performance on the new iPad. .
Bitcoin has broken through the downtrend line in parallel with the stock market, which is aiming for a new all-time high.
The number of new U.S. jobless claims rose last week to the highest level since August, data released Thursday showed, strengthening the case for the Federal Reserve to cut interest rates this year.
According to FxPro senior analyst Alex Kupczykevich, $64,000 is a winnable level for the bulls.
“Bitcoin has made two attempts to break above the $63 million level since the start of the day on Friday, but that doesn’t seem like a meaningful turning point. More interest is on the top at $64,000 and the bottom at $60,000. “The downside is that it is concentrated in the area of
Still, some analysts believe that an oversupply from cryptocurrency exchange Gemini's Earn Program and long-defunct cryptocurrency market Mt. Gox's distribution of coins to creditors could cap Bitcoin's upside in the short term. I am concerned that there is a gender.
