The bulls and bears on cryptocurrency markets have shown only moderate activity throughout today’s trading session, which has been a rather calm one overall. Bitcoin, the most well-known digital currency, has shown a great deal of supremacy in 2023; however, today has been a somewhat quiet day for BTC, posting a 1% growth in value over the course of 24 hours.
The asset has seen a gain of 1.4% in the last 24 hours, but it continues to face resistance at the level of $8,000, and it is now trading at $28.3K as of press time.
How are altcoins doing?
Ethereum has also been having a successful market day, as seen by the fact that its price has increased by 1%. The trading volume of Ethereum also experienced a 10% rise within this time period. The Shangai update to the Ethereum network is widely anticipated, and as a result, the price of Ethereum is likely to surge in the next weeks. This upgrade is scheduled to go live in early April.
Render(RNDR) stood as today’s top 100 top gainers recording a 4% increase in a period of 24 hours according to CoinMarketCap data. With an increase of 20% in its trading volume as of writing, the asset.
This surge may be attributable to the recent upgrade that its network implemented, in which RNP-002 was included based on an internal study. A complete and final vote over whether or not the Render Network would relocate to Solana is still being sought.
This change is suggested in order to facilitate the implementation of the Burn Mint Equilibrium (BME), which was approved in RNP-001, and to improve the scalability of the network over the long run.
