The crypto market in general is extremely bearish. Nearly all of the top 100 coins are currently in the red.
Bitcoin has fallen around 3% in 24 hours and is currently trading at $38,500. Binance Coin, Ethereum, and Binance Coin have both fallen by around 5%. NEAR Protocol was the biggest loser among the top 20, dropping 10%
XRP is the leader in losses, with more than 11% over the last 7 days. Terra’s LUNA shed 3% of its value today, but it remains the only top 20 crypto in the green in terms of gains in the last 7 days (+16%).
The majority of the top 100 coins lost between 4-6% and 11% today. Cosmos, Neo and Theta Network are notable standouts. UniSwap and Chiliz were down 9%, Secret and Loopring lost 10% and Aave lost 11%.
Alexander Ivanov, a Ukrainian-born coin designer, saw the Waves currency lose 12% despite its support for David in the uneven war. Both Audius and Zilliqa, which rallied in recent times, have both lost 13%.
Moonbeam is the biggest loser in the top 100, dropping 16% Moonbeam gained 15% about ten days ago following participation in a number of international crypto events. This was an important milestone in terms the total value of the platform.
On the other side, there are two modest gainers. Amp and ApeCoin both gained around 1%.
Two new hot tokens are available today. In the last 24 hours, the token of Bend DAO is up 86%. Bend is a non-custodial, non-custodial NFT-backed lending and borrowing protocol that allows users to participate as either depositors or borrowers.
Whenever there’s a big event related to the crypto industry, there emerges a coin for it. This brings us back to the second hot coin, ELON BUILDS TWITTER. This token was created after Elon Musk announced that he had the money to purchase the social media giant. It rose 564% in 24 hours.
ELON TWITTER will offer meme creators the chance to earn and generate a specified revenue for their work. It will allow aspiring meme creators to show their talents to the world.