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The crypto market as a whole is bullish, with most of the top 100 coins in the green at the time of writing.
Top Cryptos
Bitcoin didn’t have much reason to rejoice on Thursday. The largest cryptocurrency struggled to stay above $30,000, well below where it was trading less than a month ago.
The flagship cryptocurrency is doing well today, as are other major altcoins. BTC recently changed hands at around $30,200, an increase of almost 4% in the last 24 hours. The increase is reflected in Ethereum, which today has increased by just over 3,5%.
Most other cryptos recorded gains as buyers continue to opt for market capitalization leaders over smaller, riskier ones. Solana, XRP, Cardano and Polygon all have registered gains.
Top Movers
Outside the top 20, the trend was similarly optimistic, with most coins adding 3-8% of their value. Notable cases are Cosmos and Kadena, both of which have risen by 12%, with the latter able to make up for recent losses.
Cosmos has just announced a $GNOT airdrop for holders or stakers of its native token ATOM. GNOT is the native coin of GNO Land, a platform for interoperable simultaneous smart contracts that are scalable.
In an apparent market support for privacy coins, Monero and Zcash have each contributed 11% to their value.
Zilliqa is recovering and is up 10% after making an important announcement yesterday. The ecosystem has created a Web3 Alliance that identifies promising cross-industry projects and arranges introductions that lead to an investment.
Kyber Network Crystal’s KNC token is the biggest winner of the day and week with an increase of 27% and 78% respectively. The company today announced an exciting promotion and enjoys the general confidence of investors.
On the losing side, Curve DAO Token and Convex Finance both fell by 11% and 4%, respectively. Convex Finance is a DeFi protocol that allows Curve liquidity providers to earn part of the trading fees on Curve without using liquidity there.
The losses of TerraUSD are decreasing. Today it is only 7%. Losses for the week amounted to 49% at the time of writing this article.
In the trend
The biggest winner today is Neko Coin (NEKOS), a community-focused, decentralized cryptocurrency with instant rewards for holders. All fees go back into the ecosystem.
Neko Coin focuses on supporting charities to help stray cats find shelter and care. The token has gained 1,950% today.
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