The crypto market saw a rise in the last 24 hours as all 20 top cryptos were in green at the time that this article was written.
Yesterday’s plunge in shares of social media giant Meta Platforms was more than 26%. Investors reacted strongly after the firm announced that it has fewer users than ever before on its platform.
Yesterday’s collapse of the three most important US indices was due to poor results from Meta and PayPal.
Today’s US and Canadian markets may be affected by new job data, including the US Nonfarm Payroll report due to be published at 13:30 GMT.
Bitcoin was up more than 2% this morning, while Ethereum jumped more than 5%, bringing the latter’s weekly gains to more than 13%. Solana topped the list, rising by more than 7% over yesterday.
Cosmos is the biggest gainer among the top 20. Cosmos trades at $29.24 today, and has seen 12.22% increase in its value over the past 24 hours.
The trend seen in the top 20 coins is reflected in the 100 most valuable coins. Quant and Hedera, both 11% respectively, are the largest gainers. Quant has rallied over the past week and has gained almost 50% in the seven days since then.
Hedera’s price held steady after its deal with Ubisoft. It also rose after the launch EVM smart contracts mainnet. HBAR, the native token of the company, trades at $0.24. This is 28% more than its lowest level for this year.
Its market capitalization has increased to approximately $4.3 billion. Hedera’s bullish trend is likely to continue as bulls target the key resistance at $0.2643.
Kusama, Convex Finance, and IOTA all increased 12%. Convex was among the lowest performers last week. Bora and Compound added 11% to each other’s value.
Immutable X was top 100 in red, describing itself as the first layer of two scaling solutions for NFTs on Ethereum. The token has lost 4% today, but its gains stand at 18% over the past 7 days, leading some to wonder whether it’s time to buy the dip.
MetaPay token is used to fund the Metaxion universe. The token can be used to buy avatars and parcels, and then sold later. They can also be converted to MetaPay tokens.
Metaxion has released a demo version of its software. The full version will be made available shortly. This means that MetaPay’s price growth is 540% today.
Quantstamp trades at $0.098 today. This is up 34.36% in 24 hours.