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The crypto market is enthusiastic as bitcoin (BTC) surpasses $30,000 for the first time since June 2022.
In the last 24 hours, several altcoins have experienced impressive price surges, including Conflux (CFX), Render Token (RNDR), and Injective Protocol (INJ), all benefiting from the positive market sentiment.
In the last 24 hours, the CFX token skyrocketed more than 15%, reaching $0.42 as of Apr. 11.
This surge can be attributed to the multiple partnerships with Samurai, a blockchain-enabled gaming developer.
🎉 We’re thrilled to announce the partnership with @Conflux_Network Conflux enables creators, communities, and markets to connect across borders and protocols
— CryptoSamurai (@_SamuraiGame) April 10, 2023
More collaboration and updates will be coming soon, please stay tuned 🥳#CFX #cfxusdt pic.twitter.com/928WoHO5V5
Another driving factor behind Conflux’s price jump is Binance‘s announcement to support the network’s mainnet integration.
📣 Big news, Conflux Community! We're thrilled to share that @binance will support the Conflux Network #CFX mainnet integration 🎉https://t.co/KXltsQYH7J
— Conflux Network Official (@Conflux_Network) April 11, 2023
This development signals increased accessibility for the token, further fueling investor interest.
Render Token leaps on proposed migration to Solana
RNDR has also experienced a significant price increase, jumping nearly 18% to $1.54 within the past day.
The community is currently voting on a proposed migration to the Solana (SOL) network, which is expected to bring numerous benefits, such as improved transaction times, increased flexibility, and reduced transaction costs.
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The migration to Solana would allow Render better to meet the technical demands of its growing network and support the implementation of the burn-and-mint equilibrium (BME) model.
Injective Protocol ascends on hackathon and liquid staking news
INJ has enjoyed a surge of almost 13% in the last 24 hours, reaching $6.38 as of Apr. 11.
The platform, backed by Mark Cuban and built on the Cosmos (ATOM) blockchain, has attracted attention due to its ongoing virtual hackathon, which offers up to $1 million in global prizes and funding opportunities from renowned venture capital firms.
Injective ecosystem is going to grow from big brains soon @Injective_ #Injective $INJ #Hackathon https://t.co/waXW5oF6bT pic.twitter.com/aP76WUvlhH
— Injective Ronin 🥷 (@Inj_Ronin) April 10, 2023
In addition, the platform has recently introduced liquid staking for INJ through a partnership with Stride, further bolstering the token’s appeal.
To celebrate the launch of liquid staking for INJ, @stride_zone is airdropping 100,000 $STRD tokens to @Injective_ stakers!
— Injective 🥷 (@Injective_) April 4, 2023
Be sure to stake your $INJ to qualify for future airdrops and rewards 🪂 pic.twitter.com/HnOEaf4gve
The road ahead
The positive investor sentiment, fueled by bitcoin’s breakthrough, has created a ripe environment for these projects to flourish.
With multiple partnerships, mainnet integrations, and network upgrades, the future looks bright for these altcoins as they continue to ride the wave of enthusiasm in the crypto space.
Read more: Bitcoin breaks $30k barrier: what’s next