The cryptocurrency market was trading higher this morning, with most of the top 10 registering gains over the past 24 hours.
US President Joe Biden plans to propose a new tax on the wealthiest Americans, raising a 20% cap on income and property value of homes above $100 million.
US markets continued to perform positively last week, recovering much lost ground from the start of the year.
At the time of writing, bitcoin is up almost 5%, trading above $47,000. Ethereum and Cardano also gained around 5%, Solana up 7% and XRP up 4%.
Most of the top 100 cryptos gained 3-6% today. Filecoin jumped nearly 27% on the news that the Moneverse platform is building a digital space to interact with Filecoin-backed NFTs.
VeChain surges 20% and reclaims its $5 billion market cap. It is building on an announcement by its developers regarding the launch of the first stablecoin, VUSD. The ecosystem recently launched the first VeChain hackathon with excellent results.
At 78, Zilliqa continues to pump. Its token ZIL is rapidly gaining value on news of the upcoming Metaverse launch, among other positive developments. Today, it’s up 20%.
EOS broke $3 with 24-hour trading volume exceeding $1.2 billion. EOS is up 20% in the last 24 hours.
Holo has gained 21% today. According to its recently released roadmap, the ecosystem achieved three milestones in a matter of months. Most important was Elemental Chat, a proof-of-concept app designed to stress-test the Holochain framework and the Holo hosting network built on it.
Gnosis gained 29% on news of an upcoming Gnosis auction. Internet computers are up 15%.
Revolotto is a cryptocurrency that offers investors instant rewards (RVL) on all transactions and protects them with its unique coin circulation cycle and burn protocol. It is up 3,867% today.