There are signs of stability in the crypto markets heading into the new week.
Global market capitalisation opened Monday morning at US$976bn after trading sideways through the weekend.
Bitcoin is trading just below the key US$20,000 barrier, having yet to reclaim lost ground from a 2% downshot on Friday evening.
The same can be said of Ethereum, which spent the weekend attempting to reclaim the US$1,600 price point after dipping 4.5% late on Friday.
A 3% upshot over the past 24% hours pushed Polkadot’s market cap up to US$8.4bn, thus outperforming its network token peers Cardano, Solana, Polygon, Tron and Avalanche.
Oracle (NYSE:ORCL) network Chainlink was among the best performing cryptocurrencies, having rallied 5% in the past 24 hours to bring its market cap up to US$3.5bn.
Other top performers this morning include play-to-earn project The Sandbox, the Internet Computer blockchain, and the DASH payment network.
Play-to-earn game Axie Infinity and decentralised storage project Filecoin were among the mornings biggest losers, having lost around 3% a piece.
In the news
Stake.com, sponsors of English football clubs Everton and Watford, is being sued by former business partner Christopher Freeman for US$400mln, citing theft and bullying.
According to a Guardian report, Freeman alleges the business was his idea, a claim that a Stake.com spokesperson said was “internally inconsistent, intentionally misleading, and provably false”.
FIFA has announced an NFT campaign in connection with its blockchain partner Algorand in the lead up to the Qatar World Cup.
FIFA+ Collect will launch later this month, providing “affordable, inclusive, and accessible” NFTs featuring iconic moments of football history.
Algorand is considered to be among the most environmentally friendly blockchain networks for minting energy-intensive NFTs.