The crypto market was generally lower in the past 24 hour. JPMorgan Chase, a major investment bank, reports today its Q4 results, along with Citigroup and Wells Fargo. Financial firm stocks are rising due to higher interest rate expectations.
Yesterday’s decline in US indices was caused by
Tech stocks. The NASDAQ 100 fell 2. 57% has fallen to its lowest level since October 2021.
Top cryptos
Bitcoin has been in a positive run and had retracted around 2% as of this writing. The world’s biggest crypto has risen more than 3% this week.
The price of Dogecoin is on the rise since Elon Musk’s announcement that Tesla would accept it for payment for its merchandise. This was possible in Asian hours today. Dogecoin gained 14% at the time of writing.
Top movers
The most valuable 100 coins today have lost between 2 to 6%. Elrond lost 8% leading to some wondering whether they should be bought. Elrond is a blockchain platform that facilitates the internet economy, decentralized applications, and enterprise use.
Its primary selling point is its high scaleability. This is because it is the first network to have state, network, and transaction sharding all implemented.
Gala is the most popular metaverse token in 2021,. It also lost 8% in the last 24 h. This continues the downtrend for THORChain and Enjin Coin as well as XDC Network and Loopring. Each has lost approximately 7%.
Kadena is the largest loser of today with a price drop of 9%. It is claimed to offer the security of Bitcoin, unmatched throughput and smarter contracts.
This is a dubious honor that WOO Network has shared with it. WOO Network is a deep liquidity network that connects traders, exchanges and institutions as well as DeFi platforms. The WOO token, which can be used in DeFi products and CeFi for fee discounts and staking, has also lost 9 percent today.
Secret is the native cryptocurrency of Secret Network. Its blockchain offers data privacy for smart contract by default. This allows you to create and use applications that are both privacy-preserving and permissionless.
This functionality protects users, secures applications, and unlocks hundreds of never-before-possible use cases for Web3. Secret continues yesterday’s bull trend and adds 20% value to its current value.
Trending
The Metaverse Future (METAF) is the most notable gainer of today. It was created with the mission to create an open Metaverse. It allows people to not only create value for the Metaverse, but also play games to make money. It has almost 3 ,000% users today.
Today, the price of PolySwarm’s native token, Nectar (a cybersecurity company), is on the rise. It has gained 66% over the last 24 hour.