CryptoSlate Daily wMarket Update – Nov. 2: Polygon stands out among flat large caps

1 year ago

Over the past 24 hours, the cryptocurrency marketplace headdress saw nett inflows of $4.6 cardinal to $1,009.4 cardinal from $1,004.8 cardinal arsenic of property clip — up 0.5%.

During the reporting period, Bitcoin’s marketplace headdress fell 0.8% to $389.2 cardinal from $392.3 billion. Meanwhile, Ethereum’s marketplace headdress accrued by 0.3% to $190.4 cardinal from $189.8 billion.

The apical 10 cryptocurrencies were mostly level implicit the past 24 hours. The exceptions were Polygon — up 13.6% owed to quality of partnering with Meta/Instagram — and BNB, which grew 4.6%.

The marketplace headdress of USD Coin (USDC) accrued to $42.6 billion, portion Tether (USDT) and BinanceUSD (BUSD) remained mostly level astatine $69.4 cardinal and $21.7 billion, respectively.

Bitcoin

Over the past 24 hours, Bitcoin traded comparatively flat, down 0.6% to $20,296 arsenic of 07:00 ET. Its marketplace dominance decreased to 38.6% from 39.0%.

During the reporting period, BTC experienced volatility owed to the FOMC announcement of a 4th 75 ground constituent summation successful U.S. involvement rates. A section apical of $20,700 was reached connected the complaint decision, starring to a crisp driblet that recovered enactment astatine $20,050.

Ethereum

Over the past 24 hours, Ethereum accrued 0.05% to $1,548 arsenic of 07:00 ET. Its marketplace dominance fell to 18.7% from 18.9% arsenic of property time.

ETH’s terms question implicit the reporting play mirrored BTC’s. A section precocious of $1,621 was followed by a crisp driblet that retested $1,502 enactment doubly earlier trending upwards.

Top 5 Gainers

NKN

NKN is today’s biggest gainer, up 60% to $0.14188 arsenic of property time. The peer-to-peer blockchain web jumped precocious yesterday evening; the crushed wherefore is chartless astatine this time. Its marketplace headdress stood astatine $99.31 million.

Arweave

AR saw 59.6% gains implicit the past 24 hours to commercialized astatine $15.9967. The decentralized retention protocol partnered with Meta for NFT storage. Its marketplace headdress stood astatine $534.21 million.

Mask Network

MASK grew by 52.8% to $5.61092 successful the past 24 hours. The token continues climbing aft being the biggest gainer connected Nov. 1. The seven-day alteration comes successful astatine +331%. Its marketplace headdress stood astatine $163.45 million.

API3

API3 gained 23.4% successful the past 24 hours to commercialized astatine $2.19129 astatine property time. The decentralized API protocol is up 27.9% implicit the past month. Its marketplace headdress stood astatine $123.91 million.

ConstitutionDAO

PEOPLE roseate 19.8% successful the past 24 hours to $0.02627 arsenic of property time. The experimentation to bargain a transcript of the U.S. Constitution failed, and the task was dissolved. It’s unclear wherefore the token spiked. Its marketplace headdress stood astatine $132.95 million.

Top 5 Losers

Chain

XCN is today’s biggest loser, sinking 14.1% to commercialized astatine $0.05329 astatine property time. The unreality infrastructure level is down 26.5% implicit the past month. Its marketplace headdress stood astatine $1.14 billion.

HEX

HEX is down 6.8% to commercialized astatine $0.04040 astatine the clip of press. Despite today’s losses, the arguable certificate of deposit protocol is inactive up 16% implicit the past week. Its marketplace headdress stood astatine $7.01 billion.

Sologenic

SOLO fell 5.7% implicit the reporting play to $0.32514. The liquidity protocol grew 110% implicit the past 30 days. Its marketplace headdress stood astatine $130.04 million.

Creditcoin

CTC recorded a 5.6% nonaccomplishment implicit the past 24 hours to commercialized astatine $0.53037 arsenic of property time. The affiliate & contented selling protocol grew 33.7% implicit the past period contempt today’s loss. Its marketplace headdress stood astatine $109.92 million.