Cryptocurrencies To Watch: Week of April 10

investopedia.com:

For a few weeks running, the cryptocurrency market has remained in decent shape, as Bitcoin's price has held above the $28,000 mark, and investors seem to show support at current levels. There have been several positive developments for other crypto assets as well, which have lifted the performance of some of these tokens.

This week, we examine Injective (INJ), Curve DAO Token (CRV), THORChain (RUNE), Enjin Coin (ENJ), and Chiliz (CHZ). In selecting these assets, we have considered several factors, including positive technical developments, significant news events, and noticeable changes in price.

The finance-focused project Injective (INJ) stands out as this week's biggest gainer, recording a 14% increase in value.This spike in price could be attributed to Injective's anticipated launch of the first Solana rollup for Cosmos, a Layer-2 solution that boosts throughput speed and reduces fees on blockchain networks.

The project offers a streamlined toolkit to create Web3 applications for finance. Developers who are familiar with Solana tooling and language can now write and deploy their applications to the Cosmos ecosystem through Eclipse without needing to learn new programming languages or tooling. Cosmos is a decentralized network of blockchains that are interoperable. The launch will bring Solana’s development environment to the Cosmos ecosystem.

Injective also launched a $150 million ecosystem fund to accelerate the adoption of interoperable infrastructure for decentralized finance, also known as DeFi.The project has raised investment from multiple notable entities, including billionaire entrepreneur Mark Cuban. INJ is priced at around $5.80, rising from $5.44 a week ago (see chart below).

INJ Price: TradingView

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