Cryptocurrencies To Watch: Week of April 10

Cryptocurrencies To Watch Week of April 10: Injective (INJ), Curve DAO Token (CRV), THORChain (RUNE), Enjin Coin (ENJ), and Chiliz (CHZ).

Alice Morgan / Investopedia

Keep an Eye on These Coins

For a few weeks running, the cryptocurrency market has remained in decent shape, as Bitcoin's price has held above the $28,000 mark, and investors seem to show support at current levels. There have been several positive developments for other crypto assets as well, which have lifted the performance of some of these tokens.

This week, we examine Injective (INJ), Curve DAO Token (CRV), THORChain (RUNE), Enjin Coin (ENJ), and Chiliz (CHZ). In selecting these assets, we have considered several factors, including positive technical developments, significant news events, and noticeable changes in price.

Key Takeaways

  • Injective (INJ) was one of the strongest performers this week with a 14% price increase, likely due to the project's launching its first Solana rollup for the Cosmos network.
  • The Curve DAO token (CRV) also performed well, posting an approximate 10% rise, possibly because of strong swap volumes in the first quarter of 2023.
  • THORChain (RUNE) went up by 12%, perhaps also tied to its strong results in the first quarter.
  • Gaming and non-fungible token (NFT)-focused Enjin Coin (ENJ) rose by 11% after the announcement of the new Enjin Platform soon.
  • Chiliz (CHZ) increased by 10% amid investor anticipation of the launch of the public release of Chiliz 2.0, which will help brands and sports teams engage better with fans.

Injective (INJ)

The finance-focused project Injective (INJ) stands out as this week's biggest gainer, recording a 14% increase in value. This spike in price could be attributed to Injective's anticipated launch of the first Solana rollup for Cosmos, a Layer-2 solution that boosts throughput speed and reduces fees on blockchain networks.

The project offers a streamlined toolkit to create Web3 applications for finance. Developers who are familiar with Solana tooling and language can now write and deploy their applications to the Cosmos ecosystem through Eclipse without needing to learn new programming languages or tooling. Cosmos is a decentralized network of blockchains that are interoperable. The launch will bring Solana’s development environment to the Cosmos ecosystem.

Injective also launched a $150 million ecosystem fund to accelerate the adoption of interoperable infrastructure for decentralized finance, also known as DeFi. The project has raised investment from multiple notable entities, including billionaire entrepreneur Mark Cuban. INJ is priced at around $5.80, rising from $5.44 a week ago (see chart below).

Price chart for INJ cryptocurrency over 7-day period ending April 10, 2023.

INJ Price: TradingView

Curve DAO Token (CRV)

Automated market maker Curve Finance's Curve DAO token (CRV) gained about 10%, likely because of its strong performance in the first quarter of 2023. The platform executed $32.9 billion of swap volume on Ethereum in the quarter, according to crypto research firm Blockworks Research, a volume that dwarfs Curve Finance's competitors.

Over the first quarter, the token gained 78% in price, suggesting the bullishness has been building for some time. CRV recently changed hands for approximately 99 cents, up from 90 cents a week ago (see chart below).

Price chart for CRV cryptocurrency over 7-day period ending April 10, 2023.

CRV Price: TradingView


Settlement layer THORChain (RUNE) also had a strong first quarter, which may be the reason behind its 12% increase in price. The network said it recorded $1.22 billion in total volume, with 30% growth in liquidity. It also collected $1.92 million in liquidity fees.

THORchain is a Cosmos-based blockchain protocol and can be used to trade assets like Bitcoin and Ethereum across other networks. It could be that projects associated with Cosmos are experiencing price increases because of the overall progress that the Cosmos ecosystem is making. RUNE is valued at around $1.60, up from $1.43 last week (see chart below).

Price chart for RUNE cryptocurrency over 7-day period ending April 10, 2023.

 RUNE Price: TradingView

Enjin Coin (ENJ)

Enjin Coin (ENJ) rose by 11% not long after a new Enjin Platform was announced. The gaming and NFT-focused project’s new platform will make it easier for game developers to create collections and tokens.

Enjin is also finalizing public access to, a marketplace powered by the Enjin ecosystem. At the start of this week, ENJ is trading at around 43 cents, rising from 37 cents a week ago (see chart below).

Price chart for ENJ cryptocurrency over 7-day period ending April 10, 2023.

ENJ Price: TradingView

Chiliz (CHZ)

Chiliz (CHZ), a project focused on the sports and entertainment industry, recorded a token rise of about 10% as anticipation for the public release of Chiliz 2.0 rises. Chiliz 2.0 is an evolution of the original Chiliz Chain and will let brands and sporting franchises create a Web3 ecosystem that enables them to engage better with fans.

The new chain is a fork of the BSC Chain and will be interoperable with Ethereum in the future. CHZ is priced at around 12.9 cents, rising from around 11.8 cents last week.

Price chart for CHZ cryptocurrency over 7-day period ending April 10, 2023.

CHZ Price: TradingView

As of the date this article was written, the author does not own any of the assets discussed here.

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Article Sources
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  1. CoinMarketCap. "Injective Price."

  2. Business Wire. "Injective Launches First-Ever Solana Rollup for Cosmos with Eclipse."

  3. TechCrunch. "Injective Launches $150M Ecosystem Fund To Accelerate Interoperable Infra and DeFi Adoption."

  4. CoinMarketCap. "Curve DAO Token Price."

  5. Twitter. Blockworks Research. "Curve Came Out…the Q1 Update." April 6, 2023.

  6. CoinMarketCap. "THORchain Price."

  7. Medium. "THORChain Q1 ‘23 Ecosystem Report."

  8. CoinMarketCap. "Enjin Coin Price."

  9. Twitter. Enjin | We're Hiring! "Attention All Developers and Gamers Out There!" April 4, 2023.

  10. InvestorsObserver. "Enjin Coin Price Soars as Focus Shifts to the Upcoming"

  11. CoinMarketCap. "Chiliz Price."

  12. Twitter. Alexandre Dreyfus. "31 Days Before Chiliz 2.0 Public Release." April 9, 2023.

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