Cryptocurrencies To Watch: Week of May 1

investopedia.com:

The cryptocurrency market is holding steady at its current levels after experiencing a brief upward blip late last week. Overall sentiment about the crypto market’s prices is positive, with investors optimistic about the medium-term future.Some tokens, in particular, are outperforming the market.

This week, we examine Render Token (RNDR), Casper (CSPR), Injective (INJ), Internet Computer (ICP), and MultiversX (EGLD). In selecting these assets, we have considered several factors, including beneficial technical developments, significant news events, and noticeable changes in price.

Render Token (RNDR) was one of the cryptocurrency market’s best performers in the latest week, with the token's price up 35%.The increase is likely due to the fact that a new Render model, called BME, has gone live on the Solana blockchain.The implementation was anticipated and changed the architecture of the network.

This expansion to the Solana network will allow the Render project to take advantage of Solana’s faster transaction times and lower costs. 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 medicine. RNDR is currently priced at around $2.50, having been $1.74 a week ago (see chart below).

RNDR: TradingView

The Casper (CSPR) coin gained by about 20% last week, likely because of the release of a new block chain web wallet called Casper Wallet.The Casper team says the new wallet will provide better user experience, full desktop browser support, native notification delivery, and better security.

The Casper team also announced a partnership with Halborn Security, a blockchain cybersecurity