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Breaking News: FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets

Kaspa (KAS), Render (RNDR), Injective (INJ) See Upside Amid Market Crash, What’s Going On?

Best Owie
Best Owie
1 year ago
3 mins read
Kaspa (KAS) altcoin

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Kaspa (KAS), Injective (INJ), and Render (RNDR) are bucking against the general crypto market trend after sustaining gains over the last day. This follows a bearish movement that occurred after Bitcoin reclaimed the $29,000 level. A flash crash sent the pioneer cryptocurrency back to $27,500 and the crypto market tumbled along with it. However, not all altcoins in the space followed this as three assets have continued to see gains.

Kaspa (KAS) Rises Over 10%

In the hours that followed Bitcoin’s decline, Kaspa (KAS) was one of the cryptocurrencies that were able to shake off the bears with ease. In the last day, the altcoin is up over 10% and was able to reclaim the $0.03 level before experiencing some resistance and correcting back down.

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One reason behind the impressive movement has been the announcement that the cryptocurrency would be getting listed on its very first exchange in the United States. The Uphold digital asset trading platform is listing the altcoin for trading on Thursday, April 27, and the news of this listing saw the trading volume of the cryptocurrency rise over 82%, leading to its surge in price.

KAS has also seen multiple exchange listings this month with LBank and Bitget also listing the digital asset for trading in the last week.

Kaspa (KAS) price chart from TradingView.com

KAS rises over 10% in 24 hours | Source: KASUSD on TradingView.com

Injective (INJ) Gains Reach 9%

Injective (INJ) protocol has been behind Kaspa (KAS) when it comes to gains. Over the last 24 hours, the cryptocurrency has rallied around 9%, making it one of the best performers for this time period. This gain has brought the digital asset’s price to about $8.85, clearing the dreaded resistance at $8.8.

INJ’s gains for the last month have also risen to 139% on the 30-day chart. Its trading volume has seen a 51% increase as well and is now sitting at $332 million.

Render (RNDR) Maintains Considerable Gains

Render (RNDR) has seen the lowest gains of the bunch but that does not mean that the altcoin has done poorly by any measure. With over 6% gains in a 24-hour period, RNDR has emerged as one of the only cryptocurrencies to be seeing green during these uncertain times.

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Just like the others, the altcoin is also doing well on the 7-day and 30-day charts. It is up 10.43% in the last week and 99.99% on the monthly chart. Its trading volume is also up as well with an 81.34% increase in one day.

What’s Driving These Gains?

Besides Kaspa’s listing on the Uphold exchange, there seems to be no apparent reason why the other coins are pumping. It mostly comes to some leftover momentum from the initial market pump on Wednesday that pushed Bitcoin above $29,800.

For now, these altcoins have been able to hold their gains and remain in the green. If the market were to pick up once again, then there is a high possibility that these cryptocurrencies will continue to see upside.

Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet… Featured image from iStock, chart from TradingView.com
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Best Owie
Best Owie

Best Owie

Best Owie is a seasoned managing editor with a wealth of experience currently serving as the Managing Editor at NewsBTC. Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality.

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Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best’s publications, which are always clear and concise, enabling easy reading and understanding for all.

Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best’s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community.

Best’s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information.

Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity.

When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world’s most quiet and well-behaved Husky. Best’s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well.

As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers.

Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best’s prolific career in the media industry is a testament of how hard work and dedication pays.

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Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
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