- Volatility returned to the crypto market in the wake of the banking crisis.
- There is increased speculation by crypto investors following the crisis in the banking system.
Volatility returned to the cryptocurrency market in the wake of the banking crisis. Investors are speculating on crypto market prices. They are making projections on how the prices of their favorite cryptocurrencies would develop.
Among the top-performing cryptos in a matter of days are SingularityNET, Stacks, Conflux, ImmutableX, and MINA. These cryptos have led the charge by posting significant gains as the crypto market rediscovers its early 2023 trajectory.
SingularityNET, with the native token AGIX, is an AI-inclined blockchain solution that allows users to create, share, and monetize AI services. AGIX bounced from a local low of $0.2850 rallying to $0.5772, gaining 102.40% in the past five days. A minor pullback sees the 73rd-ranked crypto on CoinMarketCap trading at $0.5380 as of the time of writing.
Read Also : SingularityNET (AGIX) Price Prediction 2023-2030
Stacks‘ native cryptocurrency, STX, ranks 41 on CoinMarketCap. It is a Bitcoin layer for smart contracts that allows smart contracts and decentralized applications to use BTC as a transaction tool on the Bitcoin network. STX picked up from $0.5210, rallying to a new yearly high of $1.0933 in less than five days. This jump reflects a spike of 109.14% in the five-day period. STX price as of the time of writing is $1.0566, with upward momentum still intact.
Read Also : Stacks (STX) Price Prediction 2023-2030
The layer 2 scaling solution for NFTs on Ethereum, ImmutableX is another crypto solution that has returned impressive results under the current market condition. Its native token, IMX recovered from a local low of $0.7653 to climb as high as $1.3025. With this move, IMX gained 71.21% in less than five days. According to CoinMarketCap, IMX claims the 51st position among all cryptocurrencies measured by market capitalization.
Read Also : ImmutableX (IMX) Price Prediction 2023-2030
Also performing well is the high throughput layer 1 consensus blockchain, Conflux. The project’s native crypto, CFX, went close to its yearly high by reaching $0.3675, after bouncing from a local low of $0.1345. It gained 175.13% in the process but has retraced slightly to $0.3336, at the time of writing.
Read Also : Conflux (CFX) Price Prediction 2023-2030
Another top performer is Mina, the blockchain protocol built to curtail computational requirements and enable Dapps to run more efficiently. Its native token, MINA, rose by 53.77%, having recovered from a local low of $0.580 to reach $0.893 before retracing to $0.858, at the time of writing.
Other key performing cryptos based on CoinMarketCap’s data include Chilliz (CHZ), which ranked as the best gainer among the top ten gainers. Trust Wallet token (TWT), Litecoin (LTC), and Kava(KAVA), all of which claimed the first four places, respectively, after CHZ. UNUS SED LEO (LEO), Quant (QNT), Uniswap (UNI), Casper (CSPR), and GMX (GMX), respectively, share the latter half of the top ten.
Read Also : Mina (MINA) Price Prediction 2022-2030