Mooners and Shakers: Bitcoin steady, while Solana, STEPN and Zilliqa pump
Link copied to
A zoomed out view suggests the crypto market is pretty steady… just slightly down a bit today. A closer look, though, reveals a real mixed bag across the board.
With the overall crypto market cap at about US$2.23 trillion, down roughly 1.3% from this time yesterday, here’s the current state of play among top 10 tokens – according to CoinGecko.
Most of the top 10 coins have taken a little dip over the past 24 hours, although nothing too drastic. The market’s health barometer in chief, Bitcoin (BTC) is only just clinging on to the US$47k level at the time of writing.
Can the mid-40ks hold as a new range bottom, and what will happen if so? Good questions. Let’s see what some analysts, such as Rekt Capital and Michaël van de Poppe are saying…
Technically, if #BTC flips the black ~$47000 Monthly level into support this March…
— Rekt Capital (@rektcapital) March 29, 2022
Nothing changed on #Bitcoin TA.
I'd like to see it hold $45.7K, and then we should be fine for bullish continuation towards $50K+, the other side of the range. pic.twitter.com/JzX7ycNMKn
— Michaël van de Poppe (@CryptoMichNL) March 30, 2022
Solana (SOL) meanwhile is leading any gains in the majors today, up about 4.5% in the past 24 hours according to the CoinGecko chart posted above. Although, news just in, it’s actually now pumped a bit harder (+12%) since typing this sentence.
Leading NFT marketplace OpenSea has all but confirmed it will be adding Solana-based NFTs to its platform in April. Perhaps this is contributing to the mild SOL pump on an otherwise reddish day in the market.
VISA: We want every NFT marketplace to be able to accept Visa cards
— Blockworks (@Blockworks_) March 30, 2022
Sweeping a market-cap range of about US$24.1 billion to about US$1.1 billion in the rest of the top 100, let’s find some of the biggest 24-hour gainers and losers at press time.
• STEPN (GMT), (market cap: US$1.25 billion) +80%
• Zilliqa (ZIL), (mc: US$2.15 billion) +50%
• Synthetix (SNX), (mc: US$1.4 billion) +14%
• VeChain (VET), (mc: US$5.46 billion) +13.5%
• Aave (AAVE), (mc: US$3 billion) +9%
Why’s the Aussie-founded “move-to-earn” project STEPN kicking price butt so hard just lately? There are rumours of a major partnership in the works, so that could be it. But it’s also just a really interesting project in general with a newly launched token. Keep an eye out for an upcoming article by Stockhead‘s Derek Rose, which’ll give you the lowdown.
One thing, though, and not financial advice, it’s currently up about 524% in the two weeks since token launch. Perhaps be slightly careful aping in on this one. Or don’t. Over to you, really, we’re backing away… nothing to see here…
As for Zilliqa, it’s also been in beast mode lately. Why? Probably a series of recent developments, including metaversal, all compounding…
Why #Zilliqa ?
— Dom's Crypto (@Doms_Crypto) March 30, 2022
• THORChain (RUNE), (market cap: US$3.6 billion) -5%
• Filecoin (FIL), (mc: US$4.7 billion) -4.5%
• JUNO (JUNO), (mc: US$1.25 billion) -4%
• Celsius (CEL), (mc: US$1.4 billion) -4%
• Radix (XRD), (mc: US$1.5 billion) -3.5%
Moving below the crypto unicorns (in some cases well below), here’s just a selection catching our eye…
• DOSE (DOSE), (market cap: US$26m) +121%
• League of Kingdoms (LOKA), (mc: US$240 million) +71%
• Index Cooperative (INDEX), (mc: US$32m) +44%
• Voxies (VOXEL), (mc: US$69.5m) +30%
• Origin Protocol (OGN), (mc: US$342m) +16%
• CoW Protocol (COW), (market cap: US$85 million) -33%
• XMON (XMON), (mc: US$77m) -28%
• Unibright (UBT), (mc: US$175m) -27%
• Tomb Shares (TSHARE), (mc: US$190m) -16%
• Silo Finance (SILO), (mc: US$56m) -16%
Ain’t this the truth…
I’d say the hardest thing in crypto is hitting that sell button 😂
— Layah Heilpern (@LayahHeilpern) March 30, 2022
Markets since the last Fed meeting pic.twitter.com/PzHO8yZYTw
— Sven Henrich (@NorthmanTrader) March 30, 2022
Meanwhile, Do Kwon and his Terra project keeps stacking those sats – with another confirmed US$139 million Bitcoin buy in the past 24 hours. The goal? At the very least a US$3 billion Bitcoin reserve to back its UST stablecoin… with a projected longer-term US$10 billion BTC reserve target.
— Cointelegraph (@Cointelegraph) March 30, 2022
As for this, from Dogecoin co-creator (no longer on the project) Billy “Shibetoshi Nakamoto” Markus… it’s just… irrelevantly awesome…
“whatcha doin’ there bro” pic.twitter.com/PuzO3tfTEh
— Shibetoshi Nakamoto (@BillyM2k) March 30, 2022