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    Almost Entire Crypto Market is Red: 10 December Price Digest

    10 December Price Digest: Bitcoin (BTC), WAXP (WAX), Tezos (XTZ), Celsius Network (CEL) & Quant (QNT

    Cryptos Are Following Bitcoin's Downward Trajectory

    Bitcoin360 Heatmap

    Source: Bitcoin360

    On December 10, BTC climbed above 48,000 after dropping to $47,350 per night.

    At time of writing, the price is hovering around the 48,300 mark as markets prepare for the November consumer price index (CPI) release.  Experts assume that the inflation rate this month will exceed October by 6.7%. There is speculation that the real macroeconomic influence will come into play next week when the US Federal Reserve provides guidance on a policy to phase out asset purchases by the central bank. The cut could lead to a drop in the price of Bitcoin.

    Following Bitcoin's downtrend, WAXP and TEZOS tokens dropped the most. 

    Overall, the price of the WAX coin has been trending upward for a month. The WAX coin is up 6.6% from $0.504803 last month. Today's WAXP price $0.538334. Since yesterday the price has dropped by -12.2% from $0.613210. 

    The price of  XTZ today is $4.70. Its price is down -11.4% in the last 24 hours. Recently, after it was revealed that Ubisoft would be the first major video game publisher to create in-game NFTs and start by implementing Ubisoft NFTs on the Tezos blockchain, the native Tezos XTZ coin was up 28%. However, the fall in the BTC price below the $49,000 level led to the fall of other cryptocurrencies. 

    Celsius And Quant Are Still Growing 

    Despite the red index of almost the entire crypto market, some coins are growing, Celsius and Quant, in particular. 

    Celsius Network (CEL) price today is $3.93. CEL price is up 11.3% in the last 24 hours. The Celsius Network P2P lending platform allows you to borrow and lend cryptocurrencies. Although Celsius Network reportedly lost $50 million in the  recent BadgerDAO Hack, the platform maintains its position thanks to the rapid development of the DeFi sector and the growing demand for the services it provides.

    Today, Quant (QNT) price is $170.38. QNT price is up 6.3% in the last 24 hours. The success of any blockchain depends on two factors – usefulness and compatibility with existing solutions. The Quant protocol  addresses technical glitches related to blockchain interoperability, therefore, it has a chance of success, which is the key to the long-term growth of the token price.

    The content of this article is for informational purposes only and should not be construed as investment advice. We ask you to do your research. This text is not a guide to action. The author's opinion may not coincide with the opinion of CoinJoy.