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Home» Markets»Cryptos see end of year rally, oil headed for biggest gains

Cryptos see end of year rally, oil headed for biggest gains

rocketman 01 Jan 2022 Markets Comments Off on Cryptos see end of year rally, oil headed for biggest gains 140 Views

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%. 

Top cryptos

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.

Top Movers

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.  

Trending

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.  

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Posted by : rocketman
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