Bitcoin tried to regain some of its recently lost value in the last 24 hours, but at this point it was stalled and dropped to $22,300. Altcoins are pretty sluggish on a daily scale, with EOS losing all of yesterday’s gains. However, some of the artificial intelligence and metaverse coin projects have experienced a surge. Here are the details…
Increase in the value of artificial intelligence and metaverse coin projects
Looking at the cryptocurrencies in the artificial intelligence and big data category of CoinMarketCap, it seems that the most 7 altcoins have jumped in the last 24 hours. In particular, cryptocurrencies such as AION, ALBT, ANW, GNY and AGIX have gained more than 10 percent in the last 24 hours. Pawtocol and DxChain Token came to the fore with an increase of 8.75 percent and 6.71 percent.
On the other hand, if we look at metaverse coin projects, WeWay (WWY) has gained 43 percent in the last 24 hours. Then Dypius (DYP) rose 18 percent and Xaya (CHI) rose 5.98 percent.
What is the latest situation in the market?
Low trading volumes last weekend helped Bitcoin stay around $23,000. The start of the workweek witnessed the asset move towards $24,000. In fact, BTC managed to touch this level once on Wednesday, but it was a short and unsuccessful attempt to get it back. The cryptocurrency was stuck between $23,000 and $24,000 for most of the week until Friday. It was here that the landscape changed amid the Silvegate problems. Bitcoin slumped above $1,000 within minutes and dropped just below $22,000, its 18-day low.
Still, some crypto analysts continue to discuss the possible reasons behind this decline. However, BTC has made the leap and gained some value. It even rallied to $22,600 over the weekend, but failed and retraced as low as $22,300. Its market cap remains around $430 billion and BTC’s dominance over altcoins is just over 42 percent.
Altcoins experienced similar volatility on Friday, when most of them turned red, but the past 24 hours have been pretty uneventful. Ethereum, Ripple, OKB, Cardano, Dogecoin, Polygon, Polkadot and Shiba Inu are experiencing small daily losses. EOS had its best performance yesterday, but today it lost almost all of its gains and fell to $1.2. Despite a grueling few days at the end of the week, the crypto market cap has managed to hold the crucial $1 trillion mark.
