Bullish sentiment is evident in the crypto market, with the majority of the top 100 coins being in the green as of this writing.
Bitcoin gained slightly this weekend, trading at just over $30,000 as of the writing. It has experienced a 3.3% increase from Friday’s closing point.
Ethereum, the second most popular crypto, gained around 3% during the same period. It is currently trading at just over $2,000 where it has been in recent weeks.
AVAX and Shiba Inu, which rose by more than 6 percent, were the largest winners outside the top 10. Tron’s TRX is up around 3%, as are most top 20 coins.
In the wake of Terra’s collapse, some investors are trying to escape from the project, while others are trying to pick up the pieces.
Experts warn that the event will be used by watchdogs to push for stablecoin regulation. Four-fifths of Terra holders voted to rebuild the protocol on Terra’s governance proposal, but without the algorithmic element.
The trend was similar to the top 20 coins, with most coins adding between 3-9% and 5% to their value. Notable standouts were Neo with 17%, eCash (14%), and Convex Finance (and the Curve DAO Token) with 13%.
eCash is growing because a competition in which XEC holders could win cash prizes is over soon. Ask holders why they love eCash. One million XEC is the best answer.
An exciting Moon Creatures NFT airdrop is coming up soon, and Neo’s token is gaining on the news. TerraUSD (UST), is currently trading at $0.07 and has risen 13.63% since yesterday.
At the other end of the scale, Kyber Network’s KNC lost 4% and Zilliqa lost 3%, both reversing recent gains.
Sweet SOL, a multilayer hyperdeflationary token which allows you passive income through your wallet, is the biggest winner.
Each transaction with SSOL allows for three functions: burning, reflecting, and liquidity generation. Today, SSOL’s value has grown by 1,038%.