"Investors can look around first to see if there is something they like."
Investors are currently bullish on the future of the cryptocurrency market following a positive return to sentiment after most digital assets experienced drastic declines last week.
Here are five cryptocurrencies to watch out for this week after considering several factors such as technical developments, events and significant changes in price.
Render Token (RNDR)
Despite falling back to $2.14, RNDR price managed to hit $2.60 as a new Render model dubbed BME that aims to change its network architecture went live on the Solana (SOL) chain.
The development can allow the RNDR project to take advantage of SOL which has faster and lower cost transactions and allows wide access to complex rendering processes through a decentralized GPU rendering system.
In addition, the project also has various utilities in the industry, among which are media, gaming, virtual reality (VR) and medicine.
Casper (CSPR)
CSPR last week jumped by 20% after the release of a new blockchain web wallet called Casper Wallet which will create a better user experience, full desktop browser support and others.
The CSPR team also signed an agreement with Halborn Security, a blockchain cyber security firm so that Casper Wallet is always protected without any fraud.
Injectable (INJ)
Following Binance allowing institutional loans for INJ, where it allows financial institutions to lend funds to other businesses, the digital asset's price rose over 15% to reach $9.26 before slipping back to $7.68.
In addition, INJ announced integration with multichain smart contract platforms Astar Network and Celer Network on the Ethereum (ETH) blockchain.
Internet Computer (ICP)
In addition to gaining exposure from the increasing dominance of social media, the price of ICP jumped 9% when it planned to establish an Internet Computer center in Hong Kong.
MultiversX (EGLD)
The price of EGLD last week posted a 10% gain after crypto exchange Upbit listed the digital asset which has around 9 million users.
