CryptoSlate Daily wMarket Update – Oct. 27: Dogecoin continues impressive run as BTC, ETH flatlines CryptoSlate Daily wMarket Update – Oct. 27: Dogecoin continues impressive run as BTC, ETH flatlines
The wMarket Update condenses the most important price movements in the crypto markets over the last 24 hours, published 07:00 ET on weekdays.
3 min read
Updated: Oct. 28, 2022 at 12:04 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 $17.26 billion over the past 24 hours, pushing the total to $980.76 billion from $998.02 billion as of press time. The market cap fell by 1.68% over the last 24 hours.
Over the reporting period, Bitcoin and Ethereum market cap decreased by 1.84% and 2.73% to $388.13 billion and $184.45 billion, respectively.
All crypto assets in the top 10 cryptocurrencies recorded losses over the reporting period, except Dogecoin, which is up 5.64%. Bitcoin and Ethereum are both down over 2%.
The market cap of Tether (USDT) and USD Coin (USDC) slightly increased to $68.89 billion and $43.98 billion, respectively. Meanwhile, BinanceUSD (BUSD) market cap decreased to $21.57 billion.
Bitcoin
Bitcoin price fell by 2.07% to trade at $20,199 as of 06:30 ET. Its market dominance also decreased to 39.5% over the reporting period.
BTC printed two huge red candles around 15:00 UTC, which sent its value tumbling toward $20,200 from over $20,500. However, the flagship digital asset traded above the $20,000 mark for the rest of the day.
Ethereum
Ethereum decreased by 2.79% in the last 24 hours, exchanging hands for $1,506 as of 06:30 ET. Its market dominance also fell to 18.8% as of press time.
Like BTC, ETH printed a substantial red candle around 15:00 UTC, which sent its price to $1510. The asset briefly traded under the $1500 mark but quickly recovered above it again.
Top 5 Gainers
Fruits
FRTS is the biggest gainer over the reporting period, rising 34.38% to $0.12 as of press time. It was unclear why the charity protocol token’s value rose as of press time. Its market cap stood at $246.15 million.
Osmosis
OSMO is the native token of an AMM DEX on the Cosmos blockchain. The token’s value increased by 32.49% to $1.71 as of press time, following Binance decision to list it in its innovation zone. Its market cap stood at $481.34 million.
TerraUSD
USTC is on the top gainer’s list again after rising by 12.93% in the last 24 hours to $0.042 as of press time. The failed stablecoin community has increased talks about helping it to regain its peg against the US Dollar.
Ocean Protocol
OCEAN’s value grew by 11.01% to $0.19 in the last 24 hours. The file-sharing blockchain network is up 21% on the seven days metrics. Its market cap stood at $114.4 million.
CEEK VR
CEEK rose 10.36% in the last 24 hours to trade at $0.14 at press time. The virtual reality-linked token had increased by 15.6% in the previous seven days. Its market cap stood at $116.81 million.
Top 5 Losers
WEMIX
WEMIX is the day’s biggest loser for the second consecutive day. It lost 13.79% of its value to trade at $1.28 as of press time. The gaming dApps platform is down over 28% in the last 30 days. Its market cap stood at $407.03 million.
Aptos
The newly launched layer1 blockchain is back among the top losers. Its token fell 13.07% over the reporting period, trading at $8.09 as of press time. Its market cap stood at $1.05 billion.
Toncoin
After enjoying a solid positive run over the past week, TON is down 12.47% in the last 24 hours, trading for $1.66 as of press time. Its market cap stood at $2.02 billion.
Synapse
SYN recorded a 10.22% loss over the last 24 hours to trade at $1.02 as of press time. The cross-chain protocol has experienced relative stability over the past seven days, rising by over 8%. Its market cap stood at $143.6 million.
Braintrust
BTRST plunged 10.18% over the reporting period to $1.55. It was unclear why the token had experienced extreme volatility over the last 24 hours. Its market cap stood at $190.53 million.
Mentioned in this article
Bitcoin 
Ethereum 
TON 
Synapse 
WEMIX 
Dogecoin 
Aptos 
Osmosis 
Fruits 
Ocean Protocol 
TerraClassicUSD 
Binance 
Elon Musk Posted In: Wrapped
Author 
Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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In this article
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Ethereum
$3,321.78
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
TON
$5.90235
TON is a third-generation proof-of-stake blockchain designed in 2018 by the Durov brothers, the founders of Telegram Messenger.
Synapse
$0.49002
Synapse is a cross-chain layer ∞ protocol powering frictionless interoperability between blockchains.
WEMIX
$1.25234
Wemix is a blockchain based Global Gaming Platform developed by Wemade Tree that issubsidiary company of WEMADE as its flagship blockchain gaming services arm.
Dogecoin
$0.41154
Dogecoin is a cryptocurrency created in December 2013 as a joke by software engineers Billy Markus and Jackson Palmer.
Aptos
$11.8060
Aptos is an FTX-backed layer-1 blockchain which was developed by ex-Meta employees.
Osmosis
$0.62018
OSMO is the token of the Osmosis Hub, first DEX for IBC connected coins built on the Cosmos SDK.
Fruits
$0.00003
Fruits Eco-Blockchain Project provides an eco-friendly blockchain that aims to revitalize global charity together with athletes.
Ocean Protocol
$0.62488
Ocean Protocol is a tokenized service layer that exposes data, storage, compute and algorithms for consumption with a set of deterministic proofs on availability and integrity that serve as verifiable service agreements.
TerraClassicUSD
$0.02113
TerraUSD (UST) is a decentralized and algorithmic stablecoin on the Terra blockchain.
Binance
Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies.
South African-born Elon Musk has founded several companies, including X.com (which later became PayPal), SpaceX and Tesla Motors.