The crypto market was mostly lower over the past 24 hours. Major investment bank JPMorgan Chase reports its Q4 results today, alongside Citigroup and Wells Fargo, as financial firm stocks rise on the back of heightened interest rate rise expectations.
Tech stocks sent US indices lower again yesterday with the NASDAQ100 falling 2.57% to its lowest level since October 2021.
Bitcoin, which was on a positive run lately, had retracted around 2% at the time of writing. However, the world’s largest crypto is still up more than 3% for the week.
Dogecoin prices have risen steadily since Elon Musk’s announcement that Tesla would accept it for payment for some of its merchandise. This was possible in Asian hours today. At the time of writing, Dogecoin had gained 14% in 24 hours.
The majority of the top 100 coins have lost between 2 to 6% of their current value. Elrond has lost 88% which led some to question whether to purchase the dip. Elrond describes itself as a blockchain platform for the new internet economy, decentralized applications and enterprise use.
Its main selling point is its high scalability, stating that it is the first blockchain network in which state, network and transaction sharding have all been implemented.
Gala, the most valuable metaverse token of 2021, also lost 8% in the last 24 hours. Each has lost approximately 7%.
Kadena, which is supposed to provide Bitcoin security, virtually unlimited gas throughput, and smarter contract design, is the largest loser with a price fall of 9%.
This honor is shared with WOO Network (a deep liquidity network connecting exchanges, institutions and traders) WOO token, which is used in the network’s CeFi and DeFi products for staking and fee discounts, has also lost 9% today.
Secret, the native currency of Secret Network is on the other end. Its blockchain provides data privacy for smart contracts, which allows you to create and share applications that are both permissible and privacy-preserving.
This functionality protects users, secures applications, and unlocks hundreds of never-before-possible use cases for Web3. Secret continues yesterday’s bull trend, adding 20% to its value today.
The Metaverse Future (METAF) is the most notable gainer. It was created with the mission of creating an open Metaverse. It allows people to not only create value for the Metaverse, but also play games to make money. Today, it is almost 3000% higher.
The price of PolySwarm cybersecurity company’s native token, Nectar, is surging today. It rose 66% in 24 hours.