Why Ethereum, Chainlink, and Cosmos Are Making Big Moves Today

What happened

Today is the first official trading day for stocks, but the third official trading day for cryptocurrencies in 2022. Most top tokens have seen heightened volatility to start the year, as investors place their bets on which tokens could outperform this year.

Most mega-cap cryptocurrency tokens are down today, with Ethereum (CRYPTO:ETH) trading 2.3% lower over the past 24 hours, as of 12:30 p.m. ET.

Out of the top 20…

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