Cryptocurrencies To Watch: Week of April 17

investopedia.com:

Nothing is certain in the cryptocurrency market, but the prices of most major assets have been maintaining their positions above important support levels in recent weeks. Next, traders will watch whether these tokens can break above their resistance levels, which seems possible for some.

This week, we examine WOO Network (WOO), Render Token (RNDR), Arbitrum (ARB), Rocket Pool (RPL), and Solana (SOL). In selecting these assets, we have considered several factors, including positive technical developments, significant news events, and noticeable changes in price.

WOO Network (WOO) was this week’s biggest gainer, rallying by 53%.This was likely due to two major trends: traders generally moving toward DEXs like the one offered by WOO Network following the collapse of FTX, which was a centralized exchange, and an increase in the use of WOO Network's protocol. Its team last week reported a substantial increase in the number of active users.

WOO Network is a crypto trading platform that offers both centralized and decentralized trading options. It also provides deep liquidity and tools and analytics dashboards for traders. WOO is trading at around 31 cents and was priced at about 21 cents last week (see chart below).

WOO Price: TradingView

Render Token (RNDR) was the next biggest gainer for the week, increasing by 47%, most likely because of a migration to the Solana network.Render Token experienced significant developments during 2022, and the Solana migration adds to an ongoing increase at the start of the second quarter of 2023.

Render Token provides a decentralized GPU rendering system that allows broader access to complex rendering processes. The project has utility in such industries as media, gaming, virtual reality, and