Most of the top 10 cryptocurrency companies saw gains in the past 24 hours. Despite an increase in Omicron coronavirus infections, the US economy beat all expectations in its fourth quarter.
Yesterday, the Commerce Department reported that growth increased at 6.9% annually in the three months ending December. This is an increase of 2.3% from the previous quarter.
Despite this good news, US stocks fell in afternoon trading yesterday after investors took into account warnings about rising interest rate and poor GDP data.
After billionaire investor William Ackman disclosed that he owned a $1.1billion stake in Netflix, growth stocks were being pounded. Netflix (+7.36%), stood out.
Top cryptos
Bitcoin rose around 3% at the time of writing. Ethereum gained more than 2% and five other top cryptos were also in green.
The top 20 most valuable cryptos according to market capital were mostly flat at time of writing, with two notable losers: Terra and Cosmos (-13%). Both have reversed recent gains quickly.
Top Movers
The top 100 most valuable coins have lost between 1-4% and 1-4% today. News of lucrative partnerships between its issuer, the dynamically growing crypto exchange FTX has boosted FTX Token. It is up 5% today.
Gala is reversing yesterday’s gains. Today, it has fallen 10% and is close to an all-time low. In one month, it has lost just 70% of its value.
Convex Finance is a platform that allows users to deposit CurveLP tokens to earn Curve Trading Fees. Convex Finance has seen 14% decrease in its value over the past 24 hour.
Bora continues to climb the charts, climbing up the top 100. Bora currently ranks at #86, with 8% added today. This brings the total gains to 20% for the past seven days. It is the only coin with a positive balance over the past week, apart from Helium (less that +2%) or a few stablecoins.
Trending
DIFX, which is the token of Digital Financial Exchange, is today’s biggest winner. It is compatible with the Ethereum Mainnet, Binance Smart Chain and ERC-20/BEP-20 compliant.
DIFX’s value depends in part on its reputation as a crypto exchange. DFE is an encrypted, fully data-encrypted cryptocurrency platform and an insured global trading marketplace. Today, the token gained 538%.
Tectonic, a decentralized money market protocol, allows users to act as liquidity suppliers and borrowers. After the Crypto.com listing, it began to rally at the beginning this month. It is also a major gainer today with 29% increase in its value in less than 24 hours.
