Several top 10 cryptos were in the green over the past 24 hours. Conversely, all three major US indices fell yesterday as investors digested the new Covid-19 restrictions, coupled with fears over President Biden’s Build Back Better bill failing to pass on $2 trillion in stimulus to the economy.
Bitcoin is up almost 6% at the time of writing. Ethereum gained more than 4% today. XRP gained more than 3%, and Cardano was up around 3%. Solana, fifth in market capitalization, gained nearly 4%. The current failure of President Biden’s Build Back Better legislation may be a plus for crypto investors as the bill contained provisions that would close a tax loophole on crypto assets.
Avalanche caught Bank of America’s attention, resulting in a subsequent increase of the value of the token. A team of analysts from BoA published a note commending the network’s low transactions fees and scalability. BoA views Avalanche to be a viable alternative for Ethereum. The price of Avalanche rose 15% over the past 24 hours.
Today’s Terra price is at just $82 with a trading volume of $3.6billion for the 24-hour. Luna, Terra’s native token is up 8% over the last 24 hours. BSC passed Terra to become the second-largest blockchain by TVL.
Polygon is another major winner. The current live price of Polygon is $2.30. There has been a $2.14 billion in 24-hour trading volume. It has increased 11.18% over 24 hours.
The majority of coins, except for the top 20, were up between 1 and 7 percent. Helium’s price movement is notable. The price of Helium has risen for two consecutive days, as investors rejoice the Dish Network implementation. The HNT token currently trades at $35. This is about 45% more than its lowest price this month. Its total market capitalization has increased to over $3.52 million. Helium has risen 16% today.
Harmony is set to surpass the top 50. ONE, Harmony’s native token, is trading at $0.24. That is 82% more than its low point this month. It is now the 52nd most valuable cryptocurrency globally, with a market capitalization of more than $2.7 million. Harmony is an Ethereum layer 2 network that is growing at a rapid pace. It is currently up 16%.
THORCHain, a decentralized liquidity protocol, allows users to exchange cryptocurrency assets across multiple networks without having full custody.
THORChain lets users swap assets for other assets in a permissionless environment. Users don’t have to rely upon order books to source liquidity. Instead, market prices can be maintained by the ratio between assets in a pool. Today, RUNE, the native token of the currency, has gained 14%.
Kadena is recovering from some of its recent losses. Today, it is up nearly 10% HOLO is another big gainer with 14%.
SILVA Token allows you to make payments online or offline in fiat currencies and crypto-currencies. Each participant can keep their money in an online multicurrency wallet, trade and buy currency on the exchange, as well as invest money. Today, the BSC token has grown 5,362%.