The crypto market was in the red this morning, with most of the top 10 cryptos reporting losses.
Bitcoin is down about 5% at the time of writing, trading below $30,000. Ethereum and XRP were down around 6%, Cardano posted a loss of around 7%, and Solana was down around 14% after another outage.
Cryptos outside the top 10 are similarly in the red. Polkadot is down 7% of its value and Avalanche is down about 9%.
Outside the top 20, the trend was similar, with most coins losing 5-9% of their value. Waves is only up 13%, and the Golem (GLM), is up 38%. Golem broke the top 100 today after being listed by Bitpanda. It’s currently at #96.
GLM is the tokenization of a decentralized computing network, which claims to provide a new way of providing redundant computing power to recipients on demand.
The biggest losers of the day are Compound, Arwave and Kusama, each down 12%.
As Solana drops, the biggest gainer is SweetSOL (SSOL), a multilayered hyper-deflationary token that enables holders to generate passive income. They take advantage of an automated mining protocol to get funds into their wallets.
SSOL is up 2,522% today. The platform plans to develop a multi-layered blockchain on top of the Solana and Binance smart chains.