Kaspa (KAS), Render (RNDR), Injective (INJ) See Upside Amid Market Crash, What’s Going On?
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.
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.
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 GainsRender (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.
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.
Text source: NewsBTC
