After a disastrous week, the digital currency market , including the top 5 cryptos, is ready for a recovery. According to CoinGecko, the crypto market’s total market cap increased by nearly 2% in the past 24 hours.
Although the broader financial market is still closely monitoring the US debt ceiling crisis, Bitcoin and Ethereum’s recent localized rallies, along with the strong performances of the top 5 cryptos, pulled the market upward.
Top 5 Cryptos Expected To Pad Investors’ Portfolio With GainsKAVA
Although last week was painful for investors, KAVA saw gains in both TVL and price. According to DefiLlama, the Kava ecosystem’s TVL grew by over 3% in the past 24 hours with steady gains since last week. KAVA itself is experiencing bullish pressure, with the token up more than 43% in the past seven days.
The token’s current momentum seemed to be slowing down, showing signs that KAVA may face losses in the short term. However, a rebound from $0.782 will open the path to $1.46 as investors gain confidence along with the general market rebound.
LDO
After implementing Lido V2 in February, Lido has exempted itself from the general market downturn in the past few weeks. According to CoinGecko, the price of LDO rose by nearly 23% since last week. This shows investors’ strength along with a strong strategic partnership to ensure Lido’s dominance in the DeFi industry.
Calling all #Ethereum frens
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Tue, 18 Apr 2023