25 April 2022
With April coming to a close and the market continuing to trend sideways, don’t miss this opportunity to spend time educating yourself on token information before the market starts heating up again. A key factor affecting the market includes the anticipated +0.5% interest rate hike, with US Federal Reserve officials signaling at an IMF panel discussion that a half-point rate rise will likely occur at the upcoming FOMC meeting in May. With that in mind, let’s take a look at the Top 5 performing tokens on the Bitazza platform coming into this week.
APE is number one this week, thanks to its +40.6% performance following speculation that ApeCoin will be the medium of exchange/means of payment to buy Metaverse land in Otherside, Yuga Lab’s highly anticipated NFT-centric MMORPG. Curve DAO takes second place coming into this week, with CRV up by +23.2%. LUNA rounds out the top 3, with Terra’s native token rallying by +13.8% following last week’s news that TerraUSD (UST) has become the third-largest stablecoin in terms of circulation. Synthetix’s SNX takes fourth place coming into this week, with the derivatives liquidity protocol up by +11%, thanks to the rumors of an SNX airdrop from Optimism, the Ethereum layer-2 scaling solution. Finally, PancakeSwap’s CAKE token comes in at number five, with the DEX token up by 9.5% following the MasterChef v2 Migration, upgrading staking on the PancakeSwap platform.
Choose Freedom, Choose Bitazza
- APE – ApeCoin: The native token of the APE Ecosystem
- All about ApeCoin (APE)
- Read the Messari x Bitazza: Curve Finance Report for an in-depth look at the Curve platform.
- UST – TerraUSD: Terra’s native stablecoin
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