The cryptocurrency market is all the rage right now as a number of altcoins have investors turning their heads. Huma Finance's innovative approach to financial inclusion, Cardano's DeFi advancements, and Aave's staking and network upgrades are among the factors driving the market. Other cryptocurrencies such as Monero, Ethereum and Chainlink have recently become popular as well. Meanwhile, XRP faces a critical support test.
Huma Finance's Financial Inclusion Drive
Given Huma Finance’s mission to promote financial inclusivity, the startup has been attracting a lot of interest. With token access and community-driven initiatives, the platform is catching on fast and is attractive to investors with an eye toward new DeFi projects.
Huma Finance has a vision to make financial services accessible to everyone. Through this lens of inclusivity, Huma Finance is seeking to differentiate itself in the highly competitive DeFi space.
Aave's Impressive Growth and Cardano's DeFi Push
Aave (AAVE) has been on quite a growth spree! Its total value locked (TVL) has recently climbed above $27.5 billion, making it the top dog of all DeFi platforms. Aave’s price has shot up 180% since April, fueled by a boost in staking and network upgrades.
Cardano (ADA) has been on a bullish wave lately, attracting investors’ attention with its hefty staking rewards. Its impact in decentralized finance (DeFi) keeps growing, too. A formal proposal by IOHK chief Charles Hoskinson to implement it has lit a firestorm of controversy across the Cardano universe. He proposed to sell 100 million ADA to purchase Bitcoin and stablecoins.
Although well-intended, this proposal has managed to pit developers against one another within the Cardano community. While the community continues to discuss this nascent proposal, the future course of Cardano is clear — for now.
Monero's Privacy Focus and Other Market Movers
Monero has been increasingly attracting a lot of attention, mostly for its privacy features, staking rewards, exciting price actions, and other major ecosystem additions. Researchers and developers are currently pursuing enabling solutions such as Layer 2 technology and grease-xmr. Their aim is to increase transaction throughput while still having Monero’s high privacy requirements.
Ethereum and Chainlink are likewise riding a wave of interest fueled by staking rewards, price action and developments in their ecosystems. Santiment has pointed these coins out as largely in the limelight and drawing tons of investor attention from crypto investors.
Crypto Market Buzz: Cardano, Huma Finance, Monero & Top Coins Driving the Market 2" - Santiment
That’s left XRP testing a very important support level. Without being able to hold this level, the price may crash down as low as $1.79. The entire crypto market in many ways is looking towards XRP to lead the way as they face such an unprecedented challenge head on.
