Quant, Mog coin, and Arweave are the winners of the day in the crypto market. The fear and greed index remains at 44, indicating a neutral level. However, the overall performance of the market is bearish, with cryptocurrencies hitting new lows and dampening market sentiment. Some cryptocurrencies are showing slight signs of recovery. The global crypto market has experienced a 1.13% dip in the past 24 hours, with a total market volume of $56.98B, representing a 6.56% decrease.
Bitcoin is struggling to maintain its price above $60K, while ETH prices have dropped by 1.45% in the past 24 hours. According to CMC data, the top gainers in the last 24 hours are QNT, MOG, and AR.
Quant (QNT) is a project that connects blockchains and networks globally, solving the interoperability problem through its blockchain operating system. In the past 24 hours, QNT has increased by 8.73% and is currently trading at $78.12. Over the past week, the token has seen a 3.13% increase, with a trading volume surge of 65.26%. QNT reached a monthly high of $92.25 in the first week of June, and its key resistance level is expected to be around $78.46.
Mog Coin (MOG) is the native ERC-20 token for the Mog ecosystem, serving as a means of transaction within the community. MOG can be bridged between Bitcoin and Ethereum through Multibit. Within the past 24 hours, the price of MOG has increased by 10% and is currently trading at $0.000001941. Although the price hit a low of $0.000007903 on June 18, it has since recovered. Over the past week, MOG has seen an impressive 102.81% price increase, and its likely initial resistance level is $0.000001989.
Arweave (AR) is a storage network that offers indefinite storage of data, creating a permanent and decentralized web known as “the permaweb.” Over the past week, AR has experienced a 2.17% decrease but is currently trading at $27.02, up by 3.29%. The trading volume has declined by 4.42%. In the previous month, the token reached $46 on June 5 but experienced a 29.55% price decrease. The nearby resistance level for AR is anticipated to be around $27.68.
In other news, the U.S Internal Revenue Service (IRS) has finalized its crypto reporting rules.
