Today the cryptocurrency market showed mixed movements. Yesterday the three major U.S. indices climbed as oil prices fell.
SPX500 rose 1.43%, DJ30 gained 1.00%, and NASDAQ100 advanced 1.93%. Leading the gains were Nvidia (+9.39%), Intel (+6.74%), and Monolithic Power Systems (+6.61%).
Top Cryptocurrencies
Solana increased by about 5%, while Ethereum rose roughly 4%. Cardano gained nearly 6% and has been on an upward trend for almost a week, accumulating just under 39% over that period. At the time of writing, Bitcoin was trading above $44,000, up about 2.5% in the past 24 hours.
Top Movers
Ethereum Classic has regained momentum, climbing 8%. Axie Infinity jumped another 22% today, marking its second consecutive day of gains. AAVE rose 7% and Convex Finance gained 9%. Convex Finance is up about 25% this week as it recovers from recent difficult times.
Quant and Qtum, ranked around the 90th position, rose approximately 12% and 13% respectively. Quant recently announced the upcoming release of Overledger 2.2.2, which is expected to introduce new second-layer smart contract capabilities for minting and burning tokens and for account management.
Among the laggards, several coins from the top-100 list fell more than 5% today. ApeCoin dropped 7%, the largest loss among top-100 tokens, and is down about 15% over the past seven days. Having delivered strong results for a time, it’s not unexpected that this token is experiencing a pullback now.
Trending
The biggest winner today is the Web3 ALL BEST ICO token (WEB3ALLBI). This ecosystem allows users to create their own cryptocurrency. Over the last 24 hours the coin surged 995%. This is not the first time it has posted the day’s largest gains; its prolonged rise suggests growing daily interest in the crypto market.