The cryptocurrency market slid into the green today, with Bitcoin trading at around $75,900, up more than 2% over the past 24 hours. The total market capitalization rose to nearly $2.5 trillion.
Despite the uptrend, the market is still in “Bitcoin Season”, with the Altcoin Season Index falling below 40, meaning most altcoins are still lagging BTC’s performance.
Amid this, analysts said… We’re talking about encryption I dropped a powerful watchlist this week:
Kaspa — Buzz Event + Upgrade Trigger
Kaspa takes center stage at the Hong Kong Web3 Festival this week. KEF serves as VIP lounge sponsor and featured speaker, while Junny Ho joins the coding committee. On the technical side, the Toccata testnet is expected to be back up and running soon after a recent feature freeze, a crucial step towards bringing Kaspa’s Covenants++ upgrade to the mainnet.
- Fair launch (no pre-sale/pre-mining), entirely community driven
- ~$940M market cap, still ~84% below ATH
Submission Network – High demand for artificial intelligence
The biggest fundamental catalyst for Render in months arrived this week. RenderCon 2026 just concluded in Hollywood (April 16-17) with keynotes from NVIDIA, WME, and Stable AI.
- Power subnet adds approximately 60K GPUs (RNP-023 approved)
- The usage of AI functions is now 35-40%; Workload increased by $210 million
- The token is burning 279% year over year; Price tested $1.70 support
Ondo Finance – RWA’s groundbreaking novel
Ondo Finance is a key player in the RWA story at the Hong Kong Web3 Festival, with Min Lin sharing the stage alongside BlackRock and JP Morgan. Although the token is still 88% below ATH, its TVL has reached a record high of $3.6 billion, with steady growth driven by increased institutional interest.
- Franklin Templeton ETF Tokenization + EU Expansion
- Main Backlog: 4.67 billion tokens still locked
Bittensor TAO – Strong fundamentals, weak sentiment
Despite the recent selling pressure, Bittensor remains strong. Jacob Steeves is scheduled to speak at Imperial College London on April 24, where he will detail decentralized AI, how Bittensor rewards useful work, and how new users can get started.
- 128 subnetworks generated revenue of $43 million (Q1 2026)
- Parameter 72B AI model trained on the network
- About 20% drop due to developers exiting, not fundamentals
LayerZero — Decompression, great enterprise play
LayerZero faces selling in the short term but strength in the long term. LayerZero is facing maximum short-term pressure, as 25.7 million tokens (2.4% of total supply) were unlocked on April 20, issued to core shareholders and strategic partners. The price fell sharply.
- Live on Canton Network (handles $350 billion daily volume)
- Access $8T monthly RWAs + 750+ apps
- With support from major institutions. The new “Zero” L1 is in the works
QUBIC – A no-nonsense first layer focused on AI + computing.
Qubic had a strong week on the technology side. Its QBridge was launched on Ethereum, bringing QUBIC to Uniswap v4 as wQUBIC with real trading volume already. Meanwhile, the second phase of DOGE mining is accelerating at a record hash rate, and the network now ranks third globally by 7-day TPS.
- QBridge ETH Live Volume — Ethereum Bridge records strong early transactions
- DOGE Mining Phase 2 – Record hash rate (peak 15.81 terahash/s on April 16)
Home3 – High risk small cap
Home3 is a blockchain-based real estate platform focused on making real estate deals more transparent and efficient. Home3 2.0 is launching this month, featuring an AI-powered realtor experience called Prop3.
- Regulatory progress in Qatar + expansion across the chain
- ~$370,000 market cap, very low liquidity
- Decreased by 96% of ATH → Highly volatile
SUI – High-Speed Layer 1 is receiving serious institutional attention.
SUI is gaining strong institutional momentum this week. CME Group plans to launch SUI futures on May 4, while the 21Shares SUI ETF is already on the Nasdaq, giving institutions two ways to gain exposure.
- $1 trillion+ stablecoin volume (March), $585 million+ TVL
- Token unlocking is ongoing; ~82% lower than ATH
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