The cryptocurrency market has moved higher in the last 24 hours as all of the top 20 cryptocurrencies are in the green at the time of writing.
Shares of social media giant Meta Platforms plunged more than 26 percent yesterday as investors reacted strongly to the company's first announcement that fewer people were using its platform than ever before.
All three major U.S. indices fell sharply yesterday due to a string of poor results from companies like Meta and PayPal.
Today's U.S. and Canadian markets may be influenced by employment data, such as the U.S. Non-Farm Payrolls report, which will be released at 13:30 GMT.
Bitcoin is up more than 2% this morning, while Ether is up more than 5%, giving the latter a weekly gain of more than 13%. Solana leads the top 10, up more than 7% since yesterday.
The biggest gainer in the top 20 is Cosmos. It is trading at $29.24 today, up 12.22% in the last 24 hours.
The top 100 coins reflect a clear trend in the top 20. The two biggest gainers are Quant and Hedera at 11% each. Quant has been on the rise over the past week, up nearly 50% in value over the past seven days.
Hedera's price remained stable after the deal with Ubisoft. It also jumped after the launch of its EVM smart contract mainnet. Its native token, HBAR, is trading at $0.24, about 28% above its lowest level of the year.
Its total market capitalization has increased to about $4.3 billion. The bullish trend for Hedera is likely to continue as the bulls have set a key resistance level at $0.2643.
IOTA, Kusama and Convex Finance all gained 12%. Convex was one of the worst-performing stocks last week. Bora and Compound also increased in value by 11%.
The only cryptocurrency in the top 100 is Immutable X, which claims to be the first layer 2 extension solution for NFT on ethereum. The token is down 4% today, but is up 18% over the past 7 days, which has some wondering if it's time to buy on the dips.
MetaPay is a token of Metaxion Cosmos. Holders can use tokens to buy reviews and avatars here and sell them later. They can be converted into MetaPay tokens.
The Metaxion demo is available on the website and the full version will be available at any time, causing MetaPay prices to increase by 540% today alone.
A more modest gainer is Quantstamp, which is trading at $0.098 today, up 34.36% in the last 24 hours.