Top 5 Cryptocurrencies Still Making A Killing Despite The Market Slowdown

The crypto market has been seeing a slowdown since bitcoin's rejection at $24,000 and its subsequent decline below $23,000. However, there are some cryptocurrencies that have still found a way to register upward momentum even at a time when the broader digital asset market seems to be turning bullish.

Timeline of Frax-share, Lido-dao, Chainlink, Polygon, Rocket-pool

Polygon MATIC News: Thanks to its technical prowess and support from the community, Polygon (MATIC) blockchain network is steadying itself in the top 10 cryptocurrencies based on market cap. The network entered into significant partnerships with some of the biggest institutional investors in recent times.

TP ICAP and Chainlink Labs, the developer of Chainlink (LINK/USD), have teamed in an effort that will see the two platforms bring high quality forex data to blockchains. The Chainlink news development follows TP ICAP, a leading infrastructure provider for the electronic market, joining the Chainlink Network.

Lido token (LDO), the utility and governance token for the Lido Decentralized Autonomous Organization (DAO) that controls Ethereum liquid staking protocol Lido, has seen significant upside volatility in the past few days. LDO, up around 14% in the last seven days, came within a whisker of its highest levels since August 2022 on Thursday after momentarily surpassing the $3.0 per token mark.

Private market investment company Hamilton Lane has unveiled tokenized investment funds in a deal with digital asset securities firm Securitize and blockchain Polygon. The new tokenized feeder funds would use blockchain technology to give individual investors the same opportunities as their institutional counterparts.

Crypto News: Amid the upcoming Shanghai upgrade for the Ethereum network, Lido DAO, and Rocket Pool has been in the news over the past week. While the Crypto market generally recorded a 2.35% decrease in the last 24 hours, many assets faltered, but some tokens like LDO and RPL recorded exponential gains.

Cryptocurrency Lido Finance (LDO) has experienced a significant rally on the market after a tweet was shared by CEO of Coinbase Brian Armstrong. Armstrong tweeted his concerns about the rumors that the SEC would like to get rid of crypto staking in the U.S. for retail customers, which he believes would be a terrible path for the U.S. He emphasized that staking is a crucial innovation in the crypto space that allows users to participate directly in running open crypto networks, bringing many positive improvements, including scalability, increased security and reduced carbon footprints.

Lido [LDO], a protocol in the DeFi ecosystem, has observed significant improvements over the past week. Notably, the protocol took advantage of its press time growth by upgrading its technology.

The team behind the protocol has revealed the proposal for Lido V2, which will be the protocol's largest upgrade to date.  First Upgrade - Staking Router On Tuesday, the technical contributors behind Lido presented the proposal for the V2 upgrade, which is slated to further the protocol's move toward complete decentralization.

As part of the collaboration, a hybrid metaverse, players can effect change in the real world by removing real trash from the real ocean in any trash NFT they purchase.  According to the announcement, the arctic SaveYour.World is just the beginning of expanding the digital realm to other environments–forests.

In this episode, Polygon Labs President Ryan Wyatt discusses Polygon Labs's approach to business development, how the upcoming release of Polygon's zkEVM will help Ethereum scale, and the future of blockchain gaming.