The cryptocurrency market has had a tumultuous few days; Bitcoin and other digital assets took a tumble before recovering late in the week to recoup some of their losses.
Three U.S. bank shutdowns in recent days, SVB Financial Group’s Silicon Valley Bank (SVB), Silvergate Capital Corp., and Signature Bank, have triggered more stress that's also affected the crypto arena, specifically stablecoins.Despite this uncertain period, some crypto assets have managed to beat the average performance trend.
This week, we examine Kava (KAVA), UNUS SED LEO (LEO), Aptos (APT), BNB (BNB), and Pax Gold (PAXG). In selecting these assets, we have considered several factors, including positive technical developments, significant news events, and noticeable changes in price.
The price of KAVA, the token of Kava, a Web3-focused crypto project, surged about 30%, likely because of newly launched validator incentives.This program gives incentives for becoming a validator—an entity responsible for verifying transactions on a blockchain—on the Akash Network.
The price rise followed news that the creators of Akash pledged 2.5 million AKT, that project's native token, to Kava’s Strategic Vault.KAVA started last week at about 78 cents and is now priced at around $1 (see chart below).
KAVA price: TradingView
Bitfinex’s UNUS SED LEO token experienced an increase of about 15% amid news that multiple new tokens have been listed on Bitfinex.Last week, LEO was valued at $3.35 and is now hovering at around $3.45 (see chart below).
LEO price: TradingView
The Aptos (APT) project's token price advanced by more than 10% after the launch of an NFT bridge on decentralized, universal blockchain message protocol Wormhole that allows users to transfer NFTs between
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