Despite the general slowdown in the cryptocurrency markets seen recently, all the top 10 digital currencies recorded gains in the past 24 hours. Oil had a massive year in 2021, with shutdowns and reopenings due to COVID-19 driving it into massive gains. In fact, oil prices have had their best year since 2009, jumping more than 50% since January 1st. The SPX500 and DJ30 both hit new intraday highs before pulling back yesterday. The DJ30 missed a bullish finish for the seventh consecutive session, with the index shedding 0.25%.
At the time of writing, Bitcoin, Ethereum, and XRP are all up over 1%, while the majority of the other top 10 cryptocurrencies are hovering around the flat line.
Algorand, the 19th largest cryptocurrency market cap, is the biggest winner among the top 20 coins today. Algorand stock is up 8.79% in the last 24 hours.
The most important driving factors
Celsius (CEL) is the biggest gainer in the top 100 companies. The comprehensive banking and financial services platform for cryptocurrency users, which offers rewards for depositing cryptocurrency and services such as loans and wallet-style payments, has gained 16% today.
Gnosis, a decentralized prediction market built on the Ethereum protocol, is also on the rise. It goes up by 14% in 24 hours.
Cosmos continues to mobilize. Cosmos live price today is $31.75 with a 24-hour trading volume of $1.14 billion. Cosmos is up 13.60% in the past 24 hours.
AAVE is another big winner today. Its live price is $272.41 with a 24-hour trading volume of $591.8 million. Aave is up 13.58% in the last 24 hours.
Arweave and Bora each earn 11%. Arweave is a decentralized storage network that seeks to offer a platform for indefinite data storage. Pura is a decentralized entertainment platform that distributes digital content and provides incentives to participants.
SushiSwap continues its rise over the past few days with gains of 10%.
Let’s Go Brandon (LGB) is a decentralized meme cryptocurrency dedicated to racing car driver Brandon Brown, an underdog who won the Talladega Superspeedway on October 2, 2021, triggering a chain of events that eventually led to the creation of the meme coin. Today it is up more than 50%.
Catena X (CEX) is a project that aims to provide an efficient multi-chain transport protocol to interconnect multiple blockchains, facilitating transactions and transactions between different ecosystems in a completely decentralized manner. The service will be secure and comprehensive with the ultimate goal of bridging most of the existing major block chains. Today it is up 427%.