The crypto market was in the red today, with most of the top 10 cryptos reporting losses.
Bitcoin was down around 5% at time of writing, trading below $30,000. Ethereum and XRP were approximately 6% lower as of the writing. Cardano lost about 7% while Solana fell around 14% after another outage.
Cryptos other than the top 10 cryptos are in the same situation. Polkadot is down 7%, and Avalanche is down 9%.
There was a similar trend outside the top 20 with most coins losing 5-9% their value. Waves, which rose around 13%, was the only coin to gain, while Golem (GLM) gained 38%. After Bitpanda added it, Golem made the top 100. It’s currently at #96.
GLM is the token for a decentralized computation network that claims to offer a new way to deliver redundant computing power to users on demand.
Compound, Arweave & Kusama were the largest losers of yesterday, each down 12%.
Solana’s price drops, Sweet SOL (SSOL) is the top gainer. This multilayer hyper-deflationary token allows holders to earn passive income. They use an automated mining protocol in order to receive funds into their wallet.
Today’s SSOL price is up 2,522%. The platform intends to create a multilayered blockchain that is built on Solana Smart Chain and Binance Smart Chain.