Radix (XRD) Down By 11% In A Single Day, As Altcoin Market Slows Down

With decentralized finance (DeFi) gaining more traction, Radix (XRD) is touted to be one of the pioneers of this technological shift. It is a blockchain platform that enables the development of innovative DeFi applications. XRD, Radix’s native token, is one of the worst performers in the market today, recording an 11% loss in the past [...]

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Institutional Interest Fuels Crypto Rally as Market Adds $110 Billion in 7 Days

During the past week, crypto assets increased in value by 9.62%, rising from $1.10 trillion to the current $1.21 trillion. Apart from the listed stablecoins, the top 20 crypto assets by market capitalization all experienced gains this week, as $110 billion was injected into the crypto economy. Crypto Market Surges, Rally Led by Pepe, Stacks, [...]

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Radix launches its Alphanet testnet as top exchanges list XRD

Radix, the DeFi-focused smart contract platform with a rapidly growing developer community, has announced that its testnet named Babylon Alphanet is now live.

Radix’s native token XRD has also been listed on multiple major crypto exchanges, the platform revealed on Thursday via a press release shared with Invezz.

Babylon Alphanet is Radix’s latest release following Alexandria, which launched in 2021 and introduced the asset-oriented programming language Scrypto.

As a full-stack solution for the decentralised finance ecosystem, Radix has designed Babylon Alphanet to test a new asset-oriented transaction model, introduce changes to how wallets interact and largely help bootstrap the Radix DeFi ecosystem for when the mainnet launches.

Alphanet will therefore allow the Radix’s 3000+ developer community to test new DeFi technologies and refine their dApps before an eventual rollout on the Babylon mainnent that’s expected to go live later this year.

Radix wants to bring the next phase of DeFi to the users, with new capabilities that improve on the current ecosystem’s that Piers Ridyard, CEO of RDX Works calls “demo DeFi.” He said of Radix’s Alphanet testnet:

“With the launch of Alphanet, developers and the rest of the world can see that there’s a path to 100x DeFi coming. Even through a bear market, our momentum is growing.”

Radix plans to launch Babylon Betanet in Q4, offering stable APIs, Scrypto dApps and third-party integrations. The rollout will then be followed by the Radix Public Network mainnet expected in the first half of 2023.

In addition to the testnet launch, Radix also announced that its native token XRD has now been listed on several major crypto exchanges, including Bitmart, WhiteBIT, and LBank. 

KuCoin and HitBTC are also set to list the token, according to details the Radix team provided on Thursday.

The milestone, which follows the DeFi network’s 7x growth in transaction volume in 2022, signals the growing demand for XRD across the ecosystem, Andy Jarrett, CEO of Radix Tokens Jersey, Limited said in a statement.

“We spent the last 8 years building and refining a complete DeFi stack to support a $400 trillion economy, so it’s rewarding to see so many in the crypto community experience the Radix Revelation and join the movement.”

Listing on major exchanges opens up the XRD token to a larger trading market, with access to token pairs such as XRD/BTC and XRD/USDT now available.

The post Radix launches its Alphanet testnet as top exchanges list XRD appeared first on Invezz.

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Radix (XRD) Soars 18% On Heels Of Milestone RCnet Success

Radix has kicked off 2023 with an impressive performance, as evidenced by XRD’s recent surge that conspicuously stood out atop the cryptocurrency charts. This surge can be attributed to the rollout of Babylon RCnet, which is Radix’s latest milestone release, incorporating novel features and capabilities for both developers and users.  Specifically geared towards developers and [...]

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Top 5 Cryptos To Watch This Week Amid US Banking Crisis

Concerns about the stability of the global financial system have been rekindled in the wake of the recent failure of the First Republic Bank in the United States. The market’s confidence has taken a major hit as a result of this major development, especially over the possibility of a dovish attitude by the US Federal Reserve to cut interest rates. As a result, investors’ nerves have been on edge, and economic analysts are keeping a careful eye on the situation to determine its potential impact. Related Reading: AVAX Smart Contracts Hit 6-Month High – What This Means For Its Price Investors widely expected the Fed to boost interest rates to 5.25% after the collapse of Silicon Valley Bank, Signature Bank, and First Republic Bank. Investors and traders alike reacted to this news by taking a more cautious stance in the market. Since yesterday, the cryptocurrency market has been down 1%, as reported by CoinGecko. Although Bitcoin and Ethereum both fell in value by a small amount, the impact on the altcoin market was much greater. Even if this is only a short setback, these top 5 cryptos are still highly recommended for investor portfolios. Top 5 Cryptos To Watch This Week PEPE Much like DOGE and SHIB, PEPE is based on a meme that first appeared in 2005. Despite being the new kid on the block, the token is firmly bullish, with PEPE up 24% in the past 24 hours.  The token is still experiencing a strong surge in investor interest which will be beneficial in the short to medium term. With its low price of $0.00000134, investors and traders can cash in some gains before the price stabilizes.  RNDR  Despite taking a beating in this week’s market environment, RNDR is still a great buy. The latest market data shows that the token is up 19% since last week. With recent on-chain developments siding with the bulls, the token’s position in investor portfolios is safe.  RNP-003: Resource Acquisition and Allocation for Core Team and Grants received majority ???????????????? for the Foundation ???? ?????????????? ?????? ???????????????? ?????????????????? ???? ?????????? ???????????????? ?????? ???????????? ?????????????????????? ???? ????????. — Render Network | RNDR (@RenderToken) April 26, 2023 The bears are currently trying to break through $2.1. Investors and traders should then defend this support level as a bearish break on this price point could drag RNDR to $1.574 in the long term.  CSPR The governance token of the L1 blockchain Casper Network, CSPR experienced a slight dip in price as the market slipped. According to CoinGecko, the token is up 19% in the weekly timeframe. With a clear vision of what the network should be, CSPR’s future is secured.  The future of blockchain is modular ?? Build with us: https://t.co/OtgItFPXc5 — Casper (@Casper_Network) April 30, 2023 The token’s bulls are trying to stabilize the price above $0.05782. If they are successful, CSPR’s path to $0.06371 is open for the taking. However, a bearish breakthrough on this level might bring the token back toward $0.04355 in the medium to long term.  INJ  INJ has been one of the top gainers this week as the market fell slightly. CoinGecko data reveals that the token is up 10% since last week, ranking top four in the top gainers list. This bullishness was caused by Binance enabling institutional lending for Injective, opening up a new batch of possible investors on the platform.  The token might drop toward $6.904 in the medium to long term before stabilizing at this price point. If this is the case, investors should monitor INJ’s price movements in the short to medium term.  Crypto total market cap nearly flat at $1.14 trillion on the daily chart at TradingView.com Related Reading: LUNC Proposal 11487 Gets Over 49% Of Voter Nod – What’s The Impact On Price? ?? #Radix Recap ?? The #Consensus2023 special ???? pic.twitter.com/H7a6xzmgrp — Radix – Radically Different DeFi (@radixdlt) April 30, 2023 XRD  XRD has been following the market closely. Boasting a strong correlation with Bitcoin, the token is currently down nearly 3% in the daily timeframe. With Radix making noise with Consensus 2023, this would definitely attract more investors to the platform.  XRD is on its way down toward $0.0942 which presents a strong support level for the bulls to bounce off of. If a bearish breakthrough is stopped on this level, the path to $0.131 is clear for the taking.  -Featured image from Built In

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