Despite the recent slowdown in crypto market activity, almost all the top 10 cryptos posted gains over the past 24 hour. The 2021 oil market was a great year, thanks to COVID-19 lockdowns & re-openings that led to huge gains. Oil prices are at their highest level since 2009, rising more than 50% in the past year. The DJ30 and SPX500 reached new intraday records before falling back yesterday. The DJ30 failed to finish higher for the seventh consecutive session. The index fell 0.2%.
Bitcoin, Ethereum, and XRP were all up over 1% at the time of writing, while most of the top 10 cryptos hovered around 1%.
Algorand, which is the 19th largest crypto market cap by market capital, is today’s biggest gainer. Algorand has risen 8.79% over the past 24 hours.
Celsius (CEL), is the largest gainer of the top 100. Today, the all-in-one cryptocurrency banking and financial platform, which offers rewards to users who deposit cryptocurrency, as well as services such loans and wallet-style payment, gained 16%.
Gnosis, an Ethereum-based decentralized prediction market, is also on the rise. It’s up 14% within 24 hours.
Cosmos continues its rally. Today’s live Cosmos price is $31.75, with a daily trading volume of $1.14 trillion. Cosmos is up 13.60% within the last 24 hours.
AAVE is another winner. Its live price today is $272.41, with a daily trading volume of $591.8 millions. In the last 24 hours, Aave was up 13.58%.
Bora and Arweave each gained 11%. Arweave, a decentralized storage network, aims to provide a platform for indefinite data storage. Bora is a digital entertainment platform that distributes content and offers incentives for participants.
SushiSwap has seen a 10% increase in its gains over the last few days.
Let’s Go Brandon (LGB) is a decentralized meme cryptocurrency dedicated to racecar driver Brandon Brown, an underdog who won at Talladega Superspeedway on October 2, 2021, setting off a chain of events that ultimately led to the creation of the meme coin. It’s up more than 50% today.
Catena X (CEX), a project that aims at delivering an efficient multi-chain transaction protocol to bridge multiple Blockchains, will allow trades and transactions to be made between different ecosystems in a totally decentralized manner. This service will be secure, extensible, and eventually will bridge most of the major blockchains. It’s up 427% today.