Cryptocurrencies rebound after the Super Bowl

0

The top ten cryptos were all up yesterday after some crypto companies advertised during the pro football championship game.

yesterday Market volatility continued with the SPX500 and DJ30 down 0.29% and 0.44%, respectively, as well as the NASDAQ100 marginally up 0.25%. Investors were once again riled up by geopolitical tensions across Europe to prompt a selloff in their stocks on Friday night; however, they seemed calmer today.

Related Reading | Bitcoin Price: Research Group Sees Crypto Hit $200,000

The UK100 fell 1.75% yesterday as broader market fears over the geopolitical situation in Ukraine sent stocks tumbling across Europe. On Monday evening, the price of oil nearly reached $94, increasing its previous high to nearly $90.

Better performance of cryptocurrencies

Bitcoin price briefly rose to $43,500 today. Solana was up 8%, while Ethereum gained over 7%. XRP and Cardano also saw increases of 3% each at their peak values ​​throughout Tuesday’s trading session alone.

Bitcoin has gained 3.6% in 24 hours and trades at $44,000 | Source: BTC/USD chart on Tradingview.com

Avalanche’s live price is $88.33, with 24-hour trading volume growing by over a billion. Meanwhile, its AVAX token is up almost 11% over the same period.

With a 24-hour trading volume of $1.12 billion, Polygon is currently up 10% from yesterday’s price action and market cap is the 15th largest coin by value. total.

Related Reading | Polygon Token Price Analysis – New All-Time High This Week For MATIC?

Today’s Top Winners

It’s a good day to be in the Top 100. The biggest winners in today’s top 100 are Kadena, Gala, Mina and The Graph. Kadena is a blockchain ecosystem that makes crypto work for everyone! They offer the security of Bitcoin with virtually free gas and unparalleled throughput. Their smart contracts are also more innovative than ever – they’ve almost increased in value today, in large part because they offer all this cutting-edge technology at an affordable (and lock-in-free) price.

With the recent announcement of Galaverse dates, the market value of Gala Games has increased by 18%. The Graph, an indexing protocol for querying data on networks like Ethereum and IPFS that powers many applications in DeFi (decentralized finance) and the wider Web3 ecosystem, grew 19% in 24 hours.

Recently, Mina saw its value increase by 17% as it continues on the path to a more efficient blockchain. Mina Protocol is making progress with its succinct blockchain to limit computational requirements for DApps transactions.

The last 24 hours have been fascinating for cryptocurrency traders, with many coins rising significantly in value. One such example is Decentraland’s MANA token which saw its price increase by 9% in a single day. Other winners include Secret at +14%, Helium (+12%) and Qtum (+11%). The most popular Fantom metaverse also performed well; it increased by 8%.

Hedera Hashgraph, the latest blockchain technology based on directed acyclic graphs (DAG), has seen its value increase by 11% over 24 hours. The live price is $0.25 with a trading volume of $180 million for today’s session alone.

Update of the main market trends

onLEXpa (Online Lex Partners) specializes in the development of online courses and projects. After migrating to their new BSC contract, this company aims to make education more accessible through blockchain technology, which has given them 2623% growth.

Dopex’s value jumped 25% today following its successful launch. The protocol is designed to maximize liquidity and minimize losses for options sellers while maximizing gains by buying rights from those who want them at low prices – which it does through an innovative trading algorithm.

                   Featured image from Pixabay, Chart from TradingView.com
Share.

About Author

Comments are closed.