CryptoSlate Daily wMarket Update – Oct. 18: Re-surging TRON holds steady as other large caps see losses CryptoSlate Daily wMarket Update – Oct. 18: Re-surging TRON holds steady as other large caps see losses
The wMarket Update condenses the most important price movements in the crypto markets over the last 24 hours, published 08:00 UTC on weekdays.
3 min read
Updated: Oct. 20, 2022 at 12:05 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The cryptocurrency market cap saw net outflows of $12.64 billion since the last wMarket report. As of press time, the total crypto market cap stood at $923.66 billion, down 1.3% over the last 24 hours.
Bitcoin’s market cap fell 2.5% over the reporting period to $369.10 billion from $375.58 billion. Meanwhile, Ethereum’s market cap decreased by 2.6% to $159.18 billion from $163.35 billion.
The top 10 cryptocurrencies all posted losses over the last 24 hours. The exception was Tron, which recently ousted Shiba Inu from the list. TRX saw a marginal gain of 0.03%. Meanwhile, Cardano is the biggest loser of the past day, falling 3.69%.
The market caps of Tether (USDT) and BinanceUSD (BUSD) remained flat over the last 24 hours at $68.4 billion and $21.6 billion, respectively. Meanwhile, USD Coin’s (USDC) market cap sees a decrease of $0.1 billion to $44.55 billion.
Bitcoin
Over the last 24 hours, Bitcoin fell 1.7% to trade at $19,240 as of press time. Its market dominance fell slightly to 39.91% from 40.1% over the reporting period.
The leading cryptocurrency topped out at $19,700 at Tuesday lunchtime. Since then, a spill in price found support at $19,090. The ensuing bounce peaked at $19,400, leading to a gradual downtrend.
General weakness in the structure suggests a retest of the local $19,090 bottom is imminent.
Ethereum
Ethereum’s price fell by 2.7% to trade at $1,298 as of press time. Its market dominance decreased slightly to 17.2% from 17.4%.
Over the reporting period, the second-largest cryptocurrency matched BTC’s price movements. Bottoming at $1,286 on Tuesday evening, ETH went on to hit a local high of $1,320 before trending downwards.
Top 5 Gainers
LUKSO
LYXe is today’s top gainer, growing 29% over the reporting period to trade at $6.32358 as of press time. The multiverse blockchain rose 39% over the last 30 days. Its market cap stood at $96.16 million.
Decentralized Social
DESO grew 18% over the reporting period to trade at $17.3507 as of press time. The social network platform has experienced extreme volatility of late but is still up 162% over the past month. Its market cap stood at $154.15 million.
Reef
REEF rose 6% over the past day to trade at $1.16986 at the time of publishing. The liquidity protocol continues its resurgence, growing 56% over the last 30 days. Its market cap stood at $148.34 million.
Fruits
FRTS gained 5% over the reporting period, trading at $0.01091 as of press time. The charity protocol continues to flip between the top gainers and losers. Its market cap stood at $229.75 million.
JUST
JST gained 4% over the last 24 hours to trade at $0.02937 as of press time. Its market cap stood at $261.43 million.
Top 5 Losers
Mdex
MDX is today’s biggest loser, shedding 18% over the reporting period to trade at $0.16093 as of press time. The AMM DEX was a top 5 gainer yesterday; despite today’s sell-off, the token is still up 162% over the past month. Its market cap stood at $148.69 million.
Phala.Network
PHA lost 17% over the past 24 hours to trade at $0.23318 at the time of publishing. Like MDX, PHA was also a top 5 gainer yesterday. The token is up 191% over the last seven days. Its market cap amounted to $95.43 million.
Convex Finance
CVX shed 11% in the last 24 hours to trade at $5.08034 as of press time. Its market cap stood at $343.85 million.
Vulcan Forged PYR
PYR posted 11% losses over the past 24 hours to trade at $4.10068 as of press time. Despite today’s losses, the blockchain gaming studio is still up 24% over the past 30 days. Its market cap stood at $98 million.
Ankr
ANKR recorded a 9% loss over the last 24 hours to trade at $0.03043 as of press time. The distributed cloud network also made the list of the top 5 gainers yesterday. Its market cap stood at $294.04 million.
Mentioned in this article
Bitcoin 
Ethereum 
LUKSO (Old) 
Decentralized Social 
JUST 
Fruits 
Reef 
Mdex 
Convex Finance 
Phala.Network 
Ankr 
Vulcan Forged PYR Author 
Samuel Wan
Samuel Wan, a finance professional turned full-time crypto content creator, values individual autonomy and personal freedom in his pursuits.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Ethereum
$3,463.47
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
LUKSO (Old)
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Decentralized Social
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DeSo is a new type of blockchain designed to power Web 3.0 decentralized social networks.
JUST
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JUST aims to build a fair, decentralized financial system that provides stablecoin lending and governance mechanisms for users around the world.
Fruits
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Fruits Eco-Blockchain Project provides an eco-friendly blockchain that aims to revitalize global charity together with athletes.
Reef
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Reef is a smart liquidity aggregator and yield engine that enables trading with access to liquidity from both CEXs and DEXs while offering smart lending, borrowing, staking, mining through AI driven personalized Reef Yield Engine.
Mdex
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Mdex is an automatic market-making decentralized exchange based on the concept of fund pools.
Convex Finance
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Convex Finance is a platform built to boost rewards for CRV stakers and liquidity providers alike, all in a simple and easy to use interface.
Phala.Network
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Phala Network is a privacy-preserving protocol for data-protection and blockchain smart contracts built for the Polkadot ecosystem.
Ankr
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Ankr strives to build a resource-efficient blockchain framework that truly enables Distributed Cloud Computing (DCC) and provides user-friendly infrastructure for business applications.
Vulcan Forged PYR
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Vulcan Forged is a blockchain game studio and NFT marketplace.