CryptoSlate Daily wMarket Update: Polygon defies flat market, posting 8% gains

1 year ago

The cryptocurrency marketplace headdress saw nett outflows of $2.09 cardinal implicit the past 24 hours and presently stands astatine $1,044.31 cardinal — down 0.2% from $1,046.4 billion.

Over the reporting period, the Bitcoin marketplace headdress fell 0.2% to $442.43 cardinal from $443.07 billion. Similarly, Ethereum’s marketplace headdress dropped 1.6% to $193.42 cardinal from $196.32 billion.

The apical 10 cryptocurrencies recorded a mixed show implicit the past 24 hours. Polygon tops the list, posting 7.7% gains. By contrast, yesterday’s apical gainer Solana brings up the rear, down 2.6%.

Top 10 cryptocurrenciesSource: CryptoSlate.com

The marketplace caps of Tether (USDT) and BinanceUSD (BUSD) grew to $67.34 cardinal and $15.76 billion, respectively. USD Coin (USDC) fell to $43,47 billion.

Bitcoin

Over the past 24 hours, Bitcoin fell 0.2% to commercialized astatine $22,960 arsenic of 07:00 ET. Its marketplace dominance grew somewhat to 42.4% from 42.3%.

BTC reached a highest terms of $23,242 implicit the past day. A gradual downtrend followed, resulting successful a crisp sell-off that recovered enactment astatine $22,541. Bulls stepped successful to instrumentality the terms backmost supra pre-sharp sell-off levels.

Bitcoin chartSource: TradingView.com

Ethereum

Ethereum mislaid 1.6% implicit the past 24 hours to commercialized astatine $1,578 arsenic of 07:00 ET. Its marketplace dominance fell to 18.5% from 18.8%.

ETH terms enactment mirrored BTC, achieving a section apical of $1,622 during the reporting period. The ensuing crisp sell-off bounced astatine $1,553, starring to a muted recovery.

Ethereum chartSource: TradingView.com

Top 5 Gainers

Conflux Network

CFX is the day’s biggest gainer, expanding 66.7% implicit the reporting play to $0.06972 arsenic of property time. China’s mentation of Instagram, Little Red Book, announced CFX integration. Its marketplace headdress stood astatine $145.77 billion.

Neutrino USD

USDN gained 33.9% to commercialized astatine $0.31703 arsenic of property time. The stablecoin mislaid its $1 peg terms astir June 2022. Its marketplace headdress stood astatine $215.67 million.

Hooked Protocol

HOOK grew 23.2% successful the past 24 hours to $3.49106. Upcoming developments see the Hooked Party Pass Season 2 NFT airdrop and token organisation airdrop. Its marketplace headdress stood astatine $174.55 million.

Theta Fuel

TFUEL gained 17.9% successful the past 24 hours to $0.05719. The token is up 80% implicit the past month. Its marketplace headdress stood astatine $343.64 million.

Flux

FLUX roseate 15.6% successful the past 24 hours to $0.75635. The token grew implicit 138% implicit the past month. Its marketplace headdress stood astatine $218.01 million.

Top 5 Losers

Threshold

T is the day’s biggest loser, falling 14% to $0.04725 as of property time. Despite today’s dip, the token is inactive up 223% implicit the past month. Its marketplace headdress stood astatine $400.82 million.

Keep Network

KEEP declined 11.6% implicit the reporting play to $0.23071 arsenic of property time. Despite the drawdown, the token is inactive up implicit 228% implicit the past month. Its marketplace headdress stood astatine $198.59 million.

ssv.network

SSV fell 11.2% implicit the reporting play to $16.7997 arsenic of property time. Its marketplace headdress stood astatine $168 million.

Synapse

SYN mislaid 9.3% implicit the reporting play to $0.79446 arsenic of property time. Its marketplace headdress stood astatine $111.05 million.

Audius

AUDIO fell 7% successful the past 24 hours to $0.30069. The token was a top-five gainer yesterday. Its marketplace headdress stood astatine $281.44 million.

The station CryptoSlate Daily wMarket Update: Polygon defies level market, posting 8% gains appeared archetypal connected CryptoSlate.

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