Before entering the new month, the crypto community had mixed reactions to how their popular coins would perform. Their fear has been put to rest as the top ten coins recorded gains in the last 24 hours. BTC, ETH, BNB, ADA, XRP are part of the coins in the green area.
The crypto market is not the only recording gains; the top US indices also went higher in the past 24 hours. Below is how the index performed:
- Nasdaq composite (COMP) +3.41%
- S&P 500 (SPX) +1.89%
- Dow Jones Industrial Average (DJIA) +1.17%
Also, several investors bought the stocks of big tech companies. Giants in the streaming industry, Spotify, and Netflix recorded a +10.72% and +11% rise in shares, respectively. This was after Citi invested in both companies.
Performance Of The Top Coins
Popular coin Bitcoin surged by about 3%, better than the previous month. At the moment, the price of the coin is above $38,000. If the famous currency can break resistance and move into the $40,000 region, that might be the start of the long-awaited bull run.
Other coins that performed well include Solana (SOL), which increased by about 17%, Ethereum (ETH) by 9%, and Polkadot (DOT) by 11%. XRP was higher by about 5% and Cardano (ADA) by 2%.
Another coin that is not part of the top ten but had a good start is Cosmos which surged by about 13%. Other coins outside the 20 recorded a surge of approximately 4 to 8%. Some of them include Gala, the Metaverse token that increased by 10%. Nexo and Tezos recorded a 9% gain.
Other Gains Recorded Today
SUKU is rumored to be listed on Binance soon and has recorded a 59% increase in less than 24 hours. The price of SUKU is currently $0.48, with a trading volume of $74.1 million. On the other hand, CHEDDA has also been rumored to join the ZT exchange list and has surged by 66%.
The Orca listed on the Kraken exchange is also soaring this new month. Regions that can trade Orca can now do so on the Coinbase platform.
WSC (Wall Street Capital) recorded the highest gain, increasing about 1,494%. WSC is an improved version of MCC. Traders possessing it have direct benefits from all assets purchased by WSC. The 5% tax charged on its treasury is used to acquire more assets for the company.
Now that the month has started green, traders hope it will go on like this until the end of the month. What could go wrong?
Perhaps, the awaited bull season is around the corner. By the middle of the month, things should begin to take shape.
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