- Comparing Render (RNDR), Hedera Hashgraph (HBAR), Aptos (APT), and Immutable X (IMX) to find the top performer in the current market scenario.
- Reveal why Aptos is outperforming the remaining cryptos in terms of market capitalization.
- Render holds the highest trading volume of $152 Million among the other three cryptocurrencies.
The global cryptocurrency data shows that the overall market capitalization of all cryptocurrencies has been rising since May 2024. The global crypto market cap faced negative remarks from March 2024. At that time, the crypto economy stood above $2.77 Trillion.
After the bearish sentiments, it dropped to $2.21 Trillion in early May. However, a positive rise in the market cap can be seen in the current phase, which has increased to $2.57 Trillion.
Conversely, the global cryptocurrency trading volume also experienced positive hikes in March 2024. It surged over $260 Million during that time. Certain cryptocurrencies have performed remarkably during the market’s ups and downs.
Check the top projects with market capitalization under $5B to learn which cryptos deserve your attention.
Price Analysis of the Top Projects Under $5B Market Cap
#Render (RNDR) Supply Changes, Valuation, and Technical Analysis
RNDR tokens‘ maximum supply is locked at 536 Million. 388 Million of those locked tokens are circulating in the market. The current market cap stands at $3.94 billion, and the total diluted valuation is estimated at around $5.45 Billion.
RNDR has also reflected positive returns since February 2024, like many major cryptocurrencies. The collective returns to date since February stands at 120%.
The RNDR crypto price has given a breakout from a bullish flag at $9.00 due to the bullish response from the $7.46 demand zone. Its price reflected an almost 33% upsurge and faced resistance from the $11.59 supply level. If the current price closes above the mentioned supply level, a price rise can be expected to major resistance.
#Hedera Hashgraph (HBAR) Supply Changes, Valuation, Performance and Technical Analysis
The HBAR crypto has placed itself among the world’s top 30 most dominant cryptocurrencies in terms of market cap. Over 35 billion tokens are circulating from the maximum supply of 50 billion HBAR cryptos.
The total diluted valuation of the project is estimated at around $5.33 Billion. However, the crypto is underperforming compared to the global cryptocurrency market and similar layer 1 cryptocurrencies.
On April 13, 2024, the HBAR price started an impulsive bullish move of over 170% to the $0.1859 level. Afterward, quick selling took place, resulting in the formation of a consolidation phase.
The current price is struggling between the $0.1233 and $0.0902 levels. The bullish outlook is possible above the $0.1376 level and bearish below the $0.0902 lower level.
#Aptos (APT) Supply Changes, Valuation, Performance, and Technical Analysis
With a market cap of $4.07 billion, the Aptos crypto ranks 26th out of 10,048 active cryptocurrencies. 435 million APT tokens are circulating in the market out of its 1.09 billion total supply. The maximum supply is uncapped, and the total diluted valuation is estimated at around $10.24 billion.
The APT crypto price has given a breakdown of the key $12.04 level. The price fell almost 37% to the $7.54 demand zone afterward. It entered the consolidation range of $10.54 and $7.54. The major changes in price movements depend on these levels. As per the market technicals, the bullish outlook stands above the $11.13 level.
#Immutable (IMX) Supply Changes, Valuation, Performance, and Technical Analysis
Compared to the data from the last seven days, the IMX price is outperforming the global cryptocurrency market and the GMCI 30 Index cryptocurrencies. Regarding the market cap, it placed itself among the top 30 most dominant cryptocurrencies globally.
The maximum supply of the crypto is capped at 2 billion tokens, of which 1.48 billion are currently in circulation. Currently, the market cap stands at $3.51 Billion, and the total diluted valuation is estimated at around $4.74 Billion.
IMX price has given a breakout from a trendline at the $2.22 level. However, the price is still struggling below the $3.00 level. On the other hand, the sellers are maintaining pressure on the $3.00 upper level. A price rise can be seen if the price crosses the upper level. Conversely, a drop below the $1.62 support can lead to a price fall.
Summary
While comparing top projects with market capitalization under $5B, the Render (RNDR) crypto outperforms the others in terms of long-term bullish look and market structure. However, talking about returns, the Aptos (APT) has shown a massive rise in the last seven days out of these three. The remaining two cryptocurrencies are struggling with the adverse remarks of the consolidation phase.
Disclaimer
The views and opinions stated by the author or any people named in this article are for informational purposes only. They do not establish financial, investment, or any other advice. Investing in or trading crypto or stock comes with a risk of financial loss.