Cryptocurrencies in the Metaverso ecosystem during the day performed brilliantly by making huge leaps. Zilliqa (ZIL) was among the tokens that led the rise today with a jump of 49.20% in the last 24 hours. It is also the largest gain of Metaverse tokens in 24 hours.
The market cap for this crypto has increased to $419.512 million. The trading volume saw a jump of 2591.03% compared to the previous day. The price of each ZIL token is $0.0264, an increase of $0.008564 in the last 24 hours.
There were 550 smart contract wallets formed in the last 2 days, which may be one of the reasons for the increase. As for other cryptocurrencies, SAND also performed well with its price increasing by 14.67% in the previous 24 hours. The market capitalization has increased and amounts to $783.372 million. The turnover increased by 65.14%.
The jump was followed by a rise in the crypto ApeCoin (APE) up by 12.37% in the last 24 hours. The trading volume saw a surge of 158.08% over the last day. The market cap is now at $1.420 billion.
The market cap for Metaverse crypto has increased by 9.60% in the last 24 hours and amounts to $10.859 billion . Metaverse's trading volume jumped by 110.82% compared to the last day.
The slowdown in wage growth and the decline in service sector activity in the United States, which could prompt the FED to raise interest rates less aggressively, are the main drivers of the cryptocurrency market boom.
Bitcoin and Ethereum prices continue to trade strongly above key support levels. After the Minutes of the FOMC meeting were published, cryptocurrency prices also started to rise.
Many things prove that there is a slowdown in inflation. Investor sentiment has been boosted by the reopening of China's international borders and initiatives taken by other central banks to reduce inflation.
