Most of the top 10 cryptos registered small movements over the past day. Investors will be watching a few important announcements from the United States closely today. At 13:30 GMT, the Bureau of Economic Analysis will announce preliminary GDP figures; at 3:00 p.m. GMT, it will release the CPI figures for October.
Zoom Video Communications shares slumped 14.71%, falling to their lowest level in 17 months after reporting a significant slowdown in revenue growth.
Cardano has stood out among the major cryptos, falling around 7% in the past 24 hours. Since it momentarily broke $ 3 in early September, it has lost over 40% of its value and was trading at $ 1.68 at the time of writing. Binance Coin and Ethereum gained over 2.5%.
According to the CEO of Ripple, Ripple is making “good progress” in their legal fight with the SEC. He expects the case to finally end in 2022.
Cryptocurrency Exchange Crypto.com’s native token, CRO, continues its ascent. It has gained 16.23% in the last 24 hours. Most notably, it moved Shiba Inu as the 12th largest coin by market cap. For its part, SHIB continues its downward spiral, losing 9.73% today. This brings his losses over the last 7 days to almost 20%.
Illuvium, the token of an open-world fantasy fighting game built on the Ethereum blockchain, has gained 43% in the past 24 hours. Illuvium is often touted as the first AAA game on Ethereum. All Metaverse tokens are working fine. MANA is up 21%, SAND – 27% and Enjin Coin – 23%.
Zcash (# 55) is in full swing with the news of migration to PoS. Its ZEC token is up 24% today. Validating proof of stake reduces a network’s environmental footprint, creating performance rewards that encourage long-term holders.
XinFin is an enterprise-ready hybrid blockchain technology company optimized for international commerce and finance. Its network is powered by the native XDC coin, which has gained nearly 20% in the past 24 hours.
Loopring is also increasing, although more gradually. It is trading today at $ 3.13, up 4.88% in the past 24 hours.
A big winner of the day is ALL BEST ICO (ALLBI), which jumped on the news of a 1: 1 trade. The ecosystem token which aims to make education accessible via the blockchain gained 2.351% in 24 hours.
Ethereum Meta, the https to the http of Ethereum, continues its uptrend. Today it has gained almost 3,700%.