Cryptocurrencies To Watch: Week of April 3

investopedia.com:

The latest week was good one for the cryptocurrency market, all things considered. Bitcoin managed to stay close to $28,000, which bodes well for support levels. Investors are hopeful this momentum will carry forward into the new quarter and help propel crypto to its higher prices of a few years ago. Some tokens, in particular, look as if they may gain momentum along with Bitcoin.

This week, we examine Stellar (XLM), Hedera (HBAR), Frax Share (FXS), Zilliqa (ZIL), and Cardano (ADA). In selecting these assets, we have considered several factors, including positive technical developments, significant news events, and noticeable price changes.

Stellar’s XLM coin price is up about 16%, most likely because the Central Bank of Brazil said it would pilot a central bank digital currency (CBDC) on the blockchain.The agency is testing a digital version of its currency, the Brazilian real.

Another potential reason for this price boost is the fact that Pendulum, a traditional finance infrastructure blockchain, said it would create a bridge connecting Polkadot infrastructure to Stellar’s blockchain.

This bridge—a term for infrastructure that connects two blockchain ecosystems—will allow Polkadot to tap into Stellar’s solutions. Polkadot is a protocol that connects various blockchains, establishing interoperability. XLM is priced at around 10.8 cents. Last week, it was trading at around 09.3 cents (see chart below).

XLM Price: TradingView

Hedera (HBAR) gained about 18%, possibly because a Mastercard-backed blockchain app migrated to the network.The app is Fresh Supply Co., the largest user of Mastercard Provenance, a blockchain-based traceability solution.

Hedera said Fresh Supply Co.’s tokenization of assets and events will foster