The most profitable cryptocurrencies of the day are named

on September 22, 2022, only four cryptocurrency assets from the top 100 list managed to rise in price by more than 4% and bring their investors profit in the short term. Experts call this a good result, given that the global market capitalization fell by 2.1% overnight to $ 946.98 billion.

The highest profitability was demonstrated by the digital asset Algorand (ALGO). Over the day, the digital token rose in price by 7.39% and is trading at $ 0.349. The total supply of coins amounted to $ 2.42 billion. Market players secured a trading volume of $ 285.01 million.

The scandalous Celsius (CEL) cryptocurrency took second place, with its rate rising by 6.82%. At the moment, the digital currency is worth $ 1.56, and its market capitalization is $ 373.48 million. Over the past 24 hours, CEL’s trading volume amounted to $ 15.07 million.

At the end of August, the bankrupt cryptocurrency platform Celsius filed a lawsuit against its former investment manager — the ex-employee was accused of stealing $ 1.4 million. The Celsius Network believes that he used the cryptocurrency mixer Tornado Cash to launder the stolen funds. In return, the accused employee filed a counterclaim against Celsius, calling the platform a Ponzi scheme.

Chiliz (CHZ) took the third step of the profitability podium. CHZ fan token quotes have increased and the asset is currently trading at $ 0.242. This is 6.4% higher than yesterday. The total market capitalization amounted to $ 1.45 billion, and the daily trading volume was $ 774.14 million

Finally, the token of the decentralized finance platform Compound (COMP) rose to $ 54.37, which is 4.23% more than yesterday. The market capitalization amounted to $ 395.11 million, and cryptocurrency holders made $ 94.32 million in trades.

As a reminder, bitcoin and ethereum rates failed to recover from last week’s collapse yesterday, as the top cryptocurrencies are falling in price again. Thus, yesterday, BTC lost 2.26% of its value, and ETH — 2.04%. According to experts, the main reason for the decline in the value of cryptocurrencies was the meeting of the US Federal Reserve System (Fed) held yesterday, September 21. The Fed promotes a tough policy on cryptocurrencies, and this will have an impact on both the traditional stock market and the cryptocurrency market in the future.