Crypto Sector Displays Steady Performance While Fear Persists
Based on the latest 24-hour data, the crypto sector is presenting a steady momentum. Thus, the cumulative crypto market capitalization has reached $2.33T after a 0.03% increase. In addition to this, the 24-hour crypto volume accounts for $85.79B, indicating a 28.86% rise. At the same time, the Crypto Fear & Greed Index stands at 28 points, displaying slight “Fear” among the market participants.
Bitcoin ($BTC) Surges by 1.47% and Ethereum ($ETH) Experiences 3.10% Rise
Particularly, the top crypto asset, Bitcoin ($BTC), is changing hands at $68.524.33. This price level suggests a 1.47% increase while the market dominance of $BTC sits at 58.1%. In addition to this, the flagship altcoin, Ethereum ($ETH), is now trading at approximately $2,125.82, showing a 3.10% increase. In the meantime, $ETH’s market dominance is nearly 10.7%.
$TRUMP, $GROK, and $PI Dominate Crypto Gainers of Day
Apart from that, today’s top crypto gainers include PEPE ($TRUMP), SORA GROK ($GROK), and PI TRUMP ($PI). Specifically, $TRUMP has surged by a staggering 1377.53% to reach $0.01182. Following that, a 642.28% jump has placed $GROK’s price at $0.4884. Subsequently, $PI is now hovering around $0.000001073 after a 594.68% price increase.
DeFi TVL Records 2.16% Increase and NFT Sales Volume Spikes by 25.92%
Simultaneously, the DeFi TVL is 2.16% up while accounting for almost $94.297B. In addition to this, the top DeFi project, Aave, has spiked by 1.10% to hit $24.188B. Nonetheless, when it comes to 1-day TVL change, MistSwap claims the leading position in the DeFi market, accounting for a stunning 46502% increase over the past twenty-four hours.
Similarly, the NFT sales volume has also recorded a 25.92% increase, touching $6,428.311. Additionally, the top-selling NFT collection, Courtyard, is 19.27% up at $1,112,222.
Mercado Libre Plans to Phase Out Mercado Coin While CoinShares Eyes Nasdaq Debut
Moving on, the crypto market has also recorded many other key developments across the globe over 24 hours. In this respect, Mercado Libre, a leading platform in e-commerce sector, is planning to wind down Mercado Coin.
Moreover, CoinShares is moving forward toward its Nasdaq debut while merging with Odysseus Holdings Ltd. and Vine Hill Capital Investment Corp. (NASDAQ: VCIC). Furthermore, Singapore is planning to start a gold trading center to get institutional flows.
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Wormhole token soars following tokenomics overhaul, W reserve launch
Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more
