Bitcoin’s rally above $30,000 makes it one of the top 10 in the last 24 hours. According to CryptoSlate data, only six other coins outperformed BTC’s 6.41% gain, with the industry newcomer leading the way when it comes to performance.
Most of this growth occurred during Asian trading hours and could be a result of increased investor confidence.China’s CPI and PPI Inflation Rates Are Coming in lower than expectedled many BTC investors to expect the People’s Bank of China (PBoC) to launch a new stimulus package.
According to CryptoSlate data, Polygon-based protocol RenderToken (RNDR) is up around 17%, returning to its monthly high of $1.58. This is the culmination of a month-long increase driven by the protocol’s migration to Solana.
Conflux Network, an ambitious scalable network aimed at the Chinese market, ranked a close second with an increase of just under 14%. CFX Token appears to be regaining its ATH from mid-March when news of a $10 million funding round fueled its growth.
Stacks’ native STX token, formerly known as Blockstack, is up 12.14% over the past 24 hours. STX has been one of the best performing tokens this year and the recent announcement of the launch of the Stacks Staking ETP has further accelerated this growth.
Cosmos-based Injective recaptures its January 2022 high with a solid 10.56% gain over the past 24 hours.
Solana posted a 10.26% increase, correcting losses that started in late March. The introduction of low-cost, compressed NFTs last week has propelled SOL above $22.3.
Fantom has seen a tumultuous few months with sharp adjustments and significant upswings. In the last 24 hours, FTM posted a meager 9.25% gain, and in late March the price returned to just under $0.50.
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