Today, the overall crypto market is bullish. At the time of writing, most top 100 coins were green.
Bitcoin posted minor gains, trading at over $30,000 at the time this article was written. Ethereum rose 3% while BNB (XRP) and XRP were up 3%. Solana is the biggest gainer of the top 10. It’s up almost 5%, trading for $56.
At the time of publication, all cryptos except the top 10 were in the green. Cronos, Litecoin and Litecoin are the top gainers with just under 6%.
The trend was similar to the top 20 coins, with most coins increasing their value by 3-7%. Maker, IOTA, and STEPN each had 10%, Kadena with 13%, and Maker with 12%.
All these actions are intended to reverse recent losses. Kadena launched a smartphone application in June that could help explain the rise.
Arweave is at the losing end of the market, down 7%. This is disproportionately due to the market trend. Yesterday, it was the largest top 100 gainer. Internet Computer’s ICP token is down 3%.
TerraUSD (UST), continues its slide. It is currently trading at 12 cents, having lost a fifth of its value.
LUNA rose briefly today in Asian hours, but then dropped when Do Kwon (protocol founder) announced a fork. He proposed a separate chain to compensate for UST’s implosion.
Quarashi Coin is the biggest winner of today. This platform claims to be an all-in-one platform and includes many key components. They include a multichain crypto wallet and a DEX. A privacy chat, IDO launchpad, airdrops and a browser.
Quarashi surged upon the announcement that it would finish its private chat application this month. Its token soared 2,200% in 24 hours.