xrp cryptocurrency price

Cryptos bearish, Tesla up 13%, leads SPX500 to record high

Cryptos bearish, Tesla up 13%, leads SPX500 to record high
Written by publisher team

The cryptocurrency market as a whole is bearish, especially the top 20 markets, the DJ30 (+0.68%) and the SPX500 (+0.64%) hit new highs yesterday in the first trading session of 2022. The Nasdaq 100 (+1.2%) also closed higher. Tesla was the standout performer in the SPX500, rising 13.5% after smashing analyst sales forecasts.

Best Cryptocurrency

Most of the top 20 companies by market capitalization have lost their value, with the exceptions of Polkadot and Algorand in the top 12. Solana is down more than 3%, Cardano and BNB are down more than 2.5% and XRP is down more than 2%. Bitcoin is trading above $46,000, down nearly 1.5% at the time of writing.

Today’s live NEAR Protocol price is $17 with a 24-hour trading volume of $1.4 billion. The NEAR protocol, which ranks 15th, is up nearly 20% in the past 24 hours.

Fantom, which is ranked No. 19, is trading at $2.89 at the time of writing. It’s up 19% in the last 24 hours. It is ruthless as it corrects the previous regression. It has been in a continuous uptrend since December 13, 2021, and analysts believe it will recover the $3 ATH before the end of January.

Another winner is ATOM, the Cosmos token. Its price today is just over $39 with a 24-hour trading volume of $2 billion. Its original token, ATOM, is up 10% in the last 24 hours.

The most important driving factors

Hathor is the top 100 winner today with a 25% gain. It arranges its transactions in the DAG – outside the blocks – which the blocks confirm. This design is said to allow Hathor to be highly scalable and decentralized. Hathor aims to address the complexity of creating a new symbol. It is said that the tokens in the network will operate with the same scalability and security parameters as the original HTR token.

Ravencoin comes in second place with gains of 17%. It is a peer-to-peer digital network intended to implement a use-case blockchain, designed to efficiently handle the transfer of assets between parties.

Velas and Secret both had 13% day gains. Vilas considers itself the world’s fastest EVM blockchain, enabling up to 75,000 tx/s, processing them instantly, with high security and low cost. Secret is the original token of Secret Network, a blockchain with data privacy for smart contracts by default, allowing you to create and use unauthorized applications that maintain privacy. This function protects users, secures applications, and unlocks hundreds of never-before-seen use cases for Web3.

Akash is the world’s first decentralized cloud computing marketplace, DeCloud for DeFi. It is also up 13% today. Tezos gained 12% in the past 24 hours.

common

Saitama, a community-driven token and platform that wants to develop solutions to educate the next generation of investors and make crypto simple and secure for everyone, is up nearly 50% today. It started as a currency meme, but eventually expanded beyond that. It’s heightened by news of a possible Binance listing.

Shuna Inuverse, a next-generation NFT gaming initiative, is the biggest trending coin today with 831% growth in value.

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publisher team