Market highlights November 29: Crypto market back up after Friday dip

On November 29, the crypto marketplace trended higher, recovering from the Friday driblet connected quality of Omicron, the caller COVID-19 variant. All of the majors registered gains, arsenic did astir of the coins successful the apical 100 by marketplace cap.

Top cryptos

In the apical 20, Solana and Polkadot led the mode with gains of implicit 7%.  At the clip of writing, Bitcoin was up by 0.37% to $57,567. A mixed commencement to the time saw Bitcoin autumn to an aboriginal greeting debased of $57,201 earlier rising to a precocious $57,977. Barring different extended sell-off connected the day, Bitcoin should steer wide of the 2nd large enactment level astatine $52,083.

Top movers

Metaverse tokens proceed their rally connected the archetypal time of the week. Decentraland’s Mana is up 9.6%, SAND gained much than 20%, and Enjin gained 12.5%. Gala by Gala Games is up 15% today. The token of PancakeSwap, a decentralized concern exertion that allows users to speech tokens, providing liquidity via farming and earning fees successful return, has added astir 13% to its worth successful the past 24 h.

Amp reversed immoderate of the gains obtained aft its Binance listing. 66th ranked Stacks, a layer-1 blockchain solution that is designed to bring astute contracts and decentralized applications to Bitcoin, gained 14% successful the past 24 h. These astute contracts are brought to Bitcoin without changing immoderate of the features that marque it truthful powerful, including its information and stability,  

KuCoin exchange’s autochthonal token is up 12.5%. Finally, 97th ranked ZIL, the token of the public, permissionless Zilliqa blockchain guaranteeing precocious throughput with the quality to implicit thousands of transactions per second, gained much than 17%.

Trending

A little-known crypto coin called Omicron is riding the coattails of the caller COVID-19 variant. Today, its afloat diluted marketplace headdress is $633 million, up 88% successful the past 23 hours and astir 500% successful the days since the World Health Organization named the caller Covid-19 variant.

Omicron is a decentralized reserve currency protocol disposable connected the Arbitrum Network. Each OMIC token is backed by stablecoin assets like USDC, giving it an intrinsic worth that it cannot autumn below.