The crypto market as a whole is bearish as the year draws to a close. It was in the red for the past 24 hours as the top 10 cryptos were seen lower at the time of writing. All three major US indices edged up yesterday as the SPX500 rose 0.14% to end the session on another all-time high. The UK100 hit a 22-month high yesterday, its highest level since February 2020.
Best cryptos
Bitcoin was down around 2%, trading below $ 47,000 this morning. Ethereum and XRP fell around 3%, while Solana posted losses of around 6%. Uniswap, yesterday’s lone top 20 winner, is reversing the wins. It is down 9% so far today. The next coin (19), Algorand, is its complete antipode, up 11%, and the biggest winner in the top 20 cryptos by market cap.
In other crypto news, Binance Holdings announced yesterday that it has received initial approval from Bahrain’s central bank to become a crypto service provider in the Middle Eastern country. This regulatory nod from Bahrain could push cryptos to higher transaction volumes and, according to Shark Tank’s Kevin O’Leary, could push crypto prices up.
Top movers
XinFin (XDC) is an Enterprise Ready Hybrid Blockchain Technology Company Optimized for International Trade and Finance. The XDC protocol is designed to support smart contracts, 2000TPS, 2 seconds transaction time, and KYC to masternodes. The XDC blockchain uses the XinFin delegated proof of stake in an effort to create a highly scalable, secure, authorization, and commercial grade blockchain network. XDC is today the biggest winner of the top 100 with 15% growth in value.
Following the continuous improvement of the ecosystem and a series of lucrative partnerships, the price of the NEAR protocol is only increasing. Today he has gained 14%.
The creators of Cosmos describe it as a project that solves some of the “toughest problems” facing the blockchain industry. It has increased 9% in the past 24 hours.
Monero has been steadily increasing since it delivered on its promise of a decentralized exchange based on privacy, speed, and low fees. It is up 7% today.
Most other coins are down 1-6% today. In 98th place, ICON continues to reverse its gains. It has lost 14% in the last 24 hours.
Tendency
The SORA validation token (VAL) is the token of the SORA network, which excels in providing tools for decentralized applications that use digital assets, such as atomic token exchanges, token bridging with other chains and the creation of programming rules involving digital assets.
SORA has joined the Kusama parachain auction and interoperability between the existing SORA network and the SORA Kusama parachain network will be enabled via a bridge. The VAL token gained 4.140% today, possibly following the announcement of securing a location on Kusama.
