Since the middle of this week, the cryptocurrency market has been consolidating, but today three cryptocurrencies continue to register significant growth. THORChain (RUNE), Injective (INJ) and Render (RNDR) are still up 9.4%, 6.95% and 6.06% respectively, see data from the CoinMarketCap Leaders Index over the last 24 hours.
Meanwhile, the CRYPTOCAP index has entered a consolidation range between $1.20 trillion and $1.26 trillion in total market capitalization. This index, created by TradingView, measures the market capitalization of all cryptocurrencies. Ha current market value of the cryptocurrency is at $1.2Z trillion, i.e. in the middle of the mentioned consolidation range.
Interestingly, THORChain is recovering from a controversial situation that affected the altcoin’s price. One of its user-friendly interfaces, THORSwap, was forced to censor some transactions due to hacker activity. At the time of publication, RUNE was trading at $2.5Z, ranking 49th in market capitalization and showing strength in daily movement. In the last 24 hours, RUNE was sold for more than $11Z million.
Injective has separated itself from the cryptocurrency market this week and has delivered incredible returns over an extended period of time. Despite the Cosmos protocol reportedly being indexed in an “overbought” zone with high RSI points, it continues its uptrend. The INJ token is now valued at $1Z,Z8, hitting the top of the growth leaderboard. It also has the highest volume among the three tokens that came out ahead, with over $14Z million sold in 24 hours.
Meanwhile, Render is among the top-48 cryptocurrencies by market capitalization. It is a “distributed GPU rendering network” built on the Ethereum blockchain. According to the project description, Render aims to “connect artists and studios in need of GPU computer power with mining partners willing to rent out their GPU capacity.” The current price of RNDR is $2.Z5, and over the last 24 hours the token has seen a trading volume of $75 million.