{"id":23161,"date":"2023-05-03T05:53:30","date_gmt":"2023-05-03T09:53:30","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=23161"},"modified":"2023-05-03T05:53:30","modified_gmt":"2023-05-03T09:53:30","slug":"top-5-cryptos-to-watch-this-week-amid-us-banking-crisis","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/05\/03\/top-5-cryptos-to-watch-this-week-amid-us-banking-crisis\/","title":{"rendered":"Top 5 Cryptos To Watch This Week Amid US Banking Crisis"},"content":{"rendered":"

Concerns about the stability of the global financial system have been rekindled in the wake of the recent failure of the First Republic Bank <\/a>in the United States.<\/p>\n

The market\u2019s 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.<\/p>\n

As a result, investors\u2019 nerves have been on edge, and economic analysts are keeping a careful eye on the situation to determine its potential impact.<\/p>\n

Investors widely expected the Fed to boost interest rates to 5.25% after the collapse<\/a> 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.<\/p>\n

Since yesterday, the cryptocurrency market<\/a> 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.<\/p>\n

Top 5 Cryptos To Watch This Week<\/strong><\/h2>\n

PEPE<\/strong><\/p>\n

Much like DOGE and SHIB, PEPE is based on a meme that first appeared<\/a> in 2005. Despite being the new kid on the block, the token is firmly bullish, with PEPE<\/a> up 24% in the past 24 hours.\u00a0<\/p>\n

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.\u00a0<\/p>\n

RNDR\u00a0<\/strong><\/p>\n

Despite taking a beating in this week\u2019s market environment, RNDR is still a great buy. The latest<\/a> market data shows that the token is up 19% since last week. With recent on-chain developments<\/a> siding with the bulls, the token\u2019s position in investor portfolios is safe.\u00a0<\/p>\n

RNP-003: Resource Acquisition and Allocation for Core Team and Grants received majority \ud835\uddee\ud835\uddfd\ud835\uddfd\ud835\uddff\ud835\uddfc\ud835\ude03\ud835\uddee\ud835\uddf9 for the Foundation \ud835\ude01\ud835\uddfc \ud835\uddee\ud835\uddf0\ud835\uddfe\ud835\ude02\ud835\uddf6\ud835\uddff\ud835\uddf2 \ud835\uddee\ud835\uddfb\ud835\uddf1 \ud835\uddee\ud835\uddf9\ud835\uddf9\ud835\uddfc\ud835\uddf0\ud835\uddee\ud835\ude01\ud835\uddf2 \ud835\uddff\ud835\uddf2\ud835\ude00\ud835\uddfc\ud835\ude02\ud835\uddff\ud835\uddf0\ud835\uddf2\ud835\ude00 \ud835\ude01\ud835\uddfc \ud835\uddef\ud835\uddff\ud835\uddf6\ud835\uddfb\ud835\uddf4 \ud835\uddfd\ud835\uddff\ud835\uddfc\ud835\uddf1\ud835\ude02\ud835\uddf0\ud835\ude01\ud835\ude00 \ud835\uddee\ud835\uddfb\ud835\uddf1 \ud835\uddf4\ud835\uddff\ud835\uddfc\ud835\ude04\ud835\ude01\ud835\uddf5 \ud835\uddf6\ud835\uddfb\ud835\uddf6\ud835\ude01\ud835\uddf6\ud835\uddee\ud835\ude01\ud835\uddf6\ud835\ude03\ud835\uddf2\ud835\ude00 \ud835\ude01\ud835\uddfc \ud835\uddf9\ud835\uddf6\ud835\uddf3\ud835\uddf2.<\/p>\n

\u2014 Render Network | RNDR (@RenderToken) April 26, 2023<\/a><\/p>\n

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.\u00a0<\/p>\n

CSPR<\/strong><\/p>\n

The governance token of the L1 blockchain Casper Network, CSPR experienced a slight dip in price as the market slipped. According to CoinGecko<\/a>, the token is up 19% in the weekly timeframe. With a clear vision<\/a> of what the network should be, CSPR\u2019s future is secured.\u00a0<\/p>\n

The future of blockchain is modular <\/p>\n

Build with us: https:\/\/t.co\/OtgItFPXc5<\/a><\/p>\n

\u2014 Casper (@Casper_Network) April 30, 2023<\/a><\/p>\n

The token\u2019s bulls are trying to stabilize the price above $0.05782. If they are successful, CSPR\u2019s 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.\u00a0<\/p>\n

INJ\u00a0<\/strong><\/p>\n

INJ has been one of the top gainers this week as the market fell slightly. CoinGecko<\/a> 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<\/a> institutional lending for Injective, opening up a new batch of possible investors on the platform.\u00a0<\/p>\n

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\u2019s price movements in the short to medium term.\u00a0<\/p>\n\n

#Radix<\/a> Recap <\/p>\n

The #Consensus2023<\/a> special pic.twitter.com\/H7a6xzmgrp<\/a><\/p>\n

\u2014 Radix \u2013 Radically Different DeFi (@radixdlt) April 30, 2023<\/a><\/p>\n

XRD\u00a0<\/strong><\/p>\n

XRD has been following the market closely. Boasting a strong correlation with Bitcoin, the token is currently down<\/a> nearly 3% in the daily timeframe. With Radix making noise with Consensus 2023<\/a>, this would definitely attract more investors to the platform.\u00a0<\/p>\n

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.\u00a0<\/p>\n

-Featured image from Built In<\/em><\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Concerns about the stability of the global financial system have been rekindled in the wake of the recent failure of the First Republic Bank <\/a>in the United States.<\/p>\n

The market\u2019s 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.<\/p>\n

As a result, investors\u2019 nerves have been on edge, and economic analysts are keeping a careful eye on the situation to determine its potential impact.<\/p>\n

Investors widely expected the Fed to boost interest rates to 5.25% after the collapse<\/a> 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.<\/p>\n

Since yesterday, the cryptocurrency market<\/a> 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.<\/p>\n

Top 5 Cryptos To Watch This Week<\/strong><\/h2>\n

PEPE<\/strong><\/p>\n

Much like DOGE and SHIB, PEPE is based on a meme that first appeared<\/a> in 2005. Despite being the new kid on the block, the token is firmly bullish, with PEPE<\/a> up 24% in the past 24 hours.\u00a0<\/p>\n

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.\u00a0<\/p>\n

RNDR\u00a0<\/strong><\/p>\n

Despite taking a beating in this week\u2019s market environment, RNDR is still a great buy. The latest<\/a> market data shows that the token is up 19% since last week. With recent on-chain developments<\/a> siding with the bulls, the token\u2019s position in investor portfolios is safe.\u00a0<\/p>\n

RNP-003: Resource Acquisition and Allocation for Core Team and Grants received majority \ud835\uddee\ud835\uddfd\ud835\uddfd\ud835\uddff\ud835\uddfc\ud835\ude03\ud835\uddee\ud835\uddf9 for the Foundation \ud835\ude01\ud835\uddfc \ud835\uddee\ud835\uddf0\ud835\uddfe\ud835\ude02\ud835\uddf6\ud835\uddff\ud835\uddf2 \ud835\uddee\ud835\uddfb\ud835\uddf1 \ud835\uddee\ud835\uddf9\ud835\uddf9\ud835\uddfc\ud835\uddf0\ud835\uddee\ud835\ude01\ud835\uddf2 \ud835\uddff\ud835\uddf2\ud835\ude00\ud835\uddfc\ud835\ude02\ud835\uddff\ud835\uddf0\ud835\uddf2\ud835\ude00 \ud835\ude01\ud835\uddfc \ud835\uddef\ud835\uddff\ud835\uddf6\ud835\uddfb\ud835\uddf4 \ud835\uddfd\ud835\uddff\ud835\uddfc\ud835\uddf1\ud835\ude02\ud835\uddf0\ud835\ude01\ud835\ude00 \ud835\uddee\ud835\uddfb\ud835\uddf1 \ud835\uddf4\ud835\uddff\ud835\uddfc\ud835\ude04\ud835\ude01\ud835\uddf5 \ud835\uddf6\ud835\uddfb\ud835\uddf6\ud835\ude01\ud835\uddf6\ud835\uddee\ud835\ude01\ud835\uddf6\ud835\ude03\ud835\uddf2\ud835\ude00 \ud835\ude01\ud835\uddfc \ud835\uddf9\ud835\uddf6\ud835\uddf3\ud835\uddf2.<\/p>\n

\u2014 Render Network | RNDR (@RenderToken) April 26, 2023<\/a><\/p>\n

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.\u00a0<\/p>\n

CSPR<\/strong><\/p>\n

The governance token of the L1 blockchain Casper Network, CSPR experienced a slight dip in price as the market slipped. According to CoinGecko<\/a>, the token is up 19% in the weekly timeframe. With a clear vision<\/a> of what the network should be, CSPR\u2019s future is secured.\u00a0<\/p>\n

The future of blockchain is modular <\/p>\n

Build with us: https:\/\/t.co\/OtgItFPXc5<\/a><\/p>\n

\u2014 Casper (@Casper_Network) April 30, 2023<\/a><\/p>\n

The token\u2019s bulls are trying to stabilize the price above $0.05782. If they are successful, CSPR\u2019s 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.\u00a0<\/p>\n

INJ\u00a0<\/strong><\/p>\n

INJ has been one of the top gainers this week as the market fell slightly. CoinGecko<\/a> 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<\/a> institutional lending for Injective, opening up a new batch of possible investors on the platform.\u00a0<\/p>\n

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\u2019s price movements in the short to medium term.\u00a0<\/p>\n

#Radix<\/a> Recap <\/p>\n

The #Consensus2023<\/a> special pic.twitter.com\/H7a6xzmgrp<\/a><\/p>\n

\u2014 Radix \u2013 Radically Different DeFi (@radixdlt) April 30, 2023<\/a><\/p>\n

XRD\u00a0<\/strong><\/p>\n

XRD has been following the market closely. Boasting a strong correlation with Bitcoin, the token is currently down<\/a> nearly 3% in the daily timeframe. With Radix making noise with Consensus 2023<\/a>, this would definitely attract more investors to the platform.\u00a0<\/p>\n

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.\u00a0<\/p>\n

-Featured image from Built In<\/em><\/p>\n

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