ApeCoin
The ApeCoin token is growing in price amid the hype of the Bored Ape Yacht Club NFT project. At the same time, it does not bring any benefit to the industry, like “meme” cryptocurrencies. Such coins are a priori overbought after any significant growth, especially if it occurred against market dynamics.
Kyber Network
In April, the Kyber Network was actively developing, and the project entered into new partnerships. The cost of the KNC token has been actively growing since the beginning of the year. In January, the altcoin traded at $1.3, now its price is $5.4 — a 315% increase in 4 months.
Kava
Kava is developing systems for the Ethereum and Cosmos blockchains, and the launch of the Co-Chain network is scheduled for May 10th. The project also introduced a $750 million developer incentive program. Since March 14, the price of the altcoin has soared by 67%, to the current levels of about $5.
0x
0x is a useful project for the DeFi industry. However, it has almost doubled since mid-March, to its current level of $0.87. The rise in price is connected, among other things, with the desire of investors to buy promising coins at the bottom. Therefore, in the near future there is a possibility of profit-taking.
Curve
Curve DAO Token ranks only 77th by market capitalization, so it will not be difficult for it to return to market dynamics. It will not be able to move against the downtrend for a long time, which means that in the near future we may see a decrease in altcoin quotes.
The article contains information about the movement of the market, is not investment research, should not be considered as investment advice, Past performance is not a reliable indicator of future price movements.
