CryptoSlate Daily wMarket Update – Nov. 18-20: TRON ousts Solana from top 10 rankings

Over the reporting period, the cryptocurrency marketplace headdress saw nett outflows of $31.56 cardinal to $796.6 billion, down 3.8% from $828.16.

Bitcoin’s marketplace headdress decreased by 4% to $308.8 cardinal from $322 billion. Ethereum’s marketplace headdress fell 8% to $137.1 cardinal from $149.1 billion.

The apical 10 cryptocurrencies each sold disconnected implicit the reporting period, with Dogecoin and XRP starring the biggest losses astatine 7.7% and 7%, respectively. Meanwhile, TRON fared best, losing 0.6% implicit the past 24 hours and ousting Solana from the apical ten.

Source: CryptoSlate.com

Over the reporting period, the marketplace caps of Tether (USDT) and BinanceUSD (BUSD) remained level astatine $65.9 cardinal and $22.9 billion, respectively. Meanwhile, the marketplace headdress of USD Coin (USDC) accrued 0.9% to $44.4 cardinal from $44.09 billion.

Bitcoin

In the past 24 hours, Bitcoin mislaid 2.7% to commercialized astatine $16,088 arsenic of 07:00 ET. Its marketplace dominance roseate somewhat to 38.8% from 38.5% implicit the reporting period.

The starring cryptocurrency was trading level until a breakdown Sunday evening turned into a spill that bottomed astatine $15,900. Market sentiment remains fragile implicit fears of contagion affecting the Digital Currency Group and its subsidiary companies Grayscale and Genesis.

Source: TradingView.com

Ethereum

ETH decreased by 4% implicit the past 24 hours to commercialized astatine $1,124 arsenic of 07:00 ET. Its marketplace dominance fell to 17.3% from 17.8% implicit the reporting period.

Price enactment for Ethereum mirrored Bitcoin. A section bottommost of $1,105 was recovered conscionable earlier 06:00 today.

Source: TradingView.com

Top 5 Gainers

Serum

SRM is the day’s biggest gainer, increasing by 24.5% arsenic of property clip to $0.27561. Serum underwent a fork to region itself from the FTX debacle. Since then, the token has grown 40% successful value. Its marketplace headdress stood astatine $72.55 million.

Bitcoin Standard Hashrate Token

BTCST is up 10.8% implicit the reporting play to $7.16520. The BTC mining liquidity protocol is up 20.4% implicit the past week. Its marketplace headdress stood astatine $87.43 million.

NEM

XEM accrued by 5.8% implicit the past 24 hours to $0.03456 arsenic of property time. Its marketplace headdress stood astatine $311.02 million.

Syscoin

SYS accrued by 3.3% to $0.12009 implicit the reporting period. Its marketplace headdress stood astatine $80.58 million.

Storj

STORJ gained 3% successful the past 24 hours to commercialized astatine $0.33668 arsenic of property time. The retention protocol has risen by 14% implicit the past 7 days. Its marketplace headdress stood astatine $139.03 million.

Top 5 Losers

DFI.Money

YFII is the day’s biggest loser sinking 49.7% implicit the past 24 hours to $1,861.16 arsenic of property time. No caller cardinal developments person travel to light, however, onchain analysis shows selling unit coming from whales offloading their holdings. Its marketplace headdress stood astatine $71.83 million.

Chiliz

CHZ is down 15.6% to $0.19285 astatine the clip of press. Since the commencement of this month, the token has experienced utmost volatility successful some directions. Its marketplace headdress stood astatine $1.18 billion.

Polymath Network

POLY recorded a 12.6% nonaccomplishment implicit the reporting play to commercialized astatine $0.19852 arsenic of property time. Its marketplace headdress stood astatine $183.63 million.

Algorand

ALGO was down 12.2% to $0.24691 arsenic of property time. The token is down 19.8% implicit the past month. The Algorand Foundation precocious confirmed zero affiliation with FTX. It is unclear wherefore ALGO continues to merchantability off. Its marketplace headdress stood astatine $1.76 billion.

iExec RLC

RLC fell 8.8% implicit the reporting play to $1.05678 arsenic of property time. Despite today’s drawdown, the token is inactive up 32.8% implicit the past week. Its marketplace headdress stood astatine $85.6 million.

The station CryptoSlate Daily wMarket Update – Nov. 18-20: TRON ousts Solana from apical 10 rankings appeared archetypal connected CryptoSlate.