CryptoSlate Daily wMarket Update – Oct. 31: DOGE spikes higher on rumors of Twitter integration CryptoSlate Daily wMarket Update – Oct. 31: DOGE spikes higher on rumors of Twitter integration
The wMarket Update condenses the most important price movements in the crypto markets over the last 24 hours, published 07:30 ET on weekdays.
3 min read
Updated: Nov. 1, 2022 at 11:26 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Over the last 24 hours, the cryptocurrency market cap saw net outflows of $1.3 billion to $1,025.9 billion from $1,027.2 billion as of press time — down 0.2%.
During the reporting period, Bitcoin’s market cap fell 0.7% to $395.7 billion from $398.4 billion. Meanwhile, Ethereum’s market cap decreased 1.7% to $194.9 billion from $198.3 billion.
The top 10 cryptocurrencies saw a mixed performance over the last 24 hours. Dogecoin is the standout performer, growing 21.2% to lead the large caps, followed by Shiba Inu, up 6.1%. Meanwhile, Polygon saw a drop of 2.21%.
The market cap of Tether (USDT) increased to $69.4 billion, while USD Coin (USDC) saw a marginal decrease to $43.6 billion. BinanceUSD (BUSD) stayed flat at $21.4 billion.
Bitcoin
Over the last 24 hours, Bitcoin traded flat, down 0.5% to $20,633 as of 07:00 ET. Its market dominance fell to 38.5% from 38.7%.
During the reporting period, the market leader hit a local top of $20,840 before seeing a sharp drop during Monday lunchtime (UTC) to bottom at $20,240. Since then, BTC has been grinding higher.
Ethereum
Over the last 24 hours, Ethereum decreased 0.8% to $1,606 as of 07:00 ET. Its market dominance fell to 19.1% from 19.3% as of press time.
ETH’s price movement over the reporting period largely mirrored BTC’s. A local high of $1,635 was followed by a sharp drawdown at Monday lunchtime (UTC). A gradual grind higher followed.
Top 5 Gainers
Dogecoin
DOGE is the biggest gainer over the reporting period, up 21.2% to $0.14837 as of press time. The meme coin is benefiting from rumors that Elon Musk will incorporate the token into Twitter. Growth for the past week comes in at 160%. Its market cap stood at $20.66 billion.
Chain
XCN saw 25.4% gains over the last 24 hours to trade at $0.06291. Despite today’s price spike, the cloud blockchain protocol is caught in a macro downtrend. Its market cap stood at $1.35 billion.
Stratis
STRAX’s value grew by 21.4% to $0.65229 in the last 24 hours. Its market cap stood at $92.96 million.
Telcoin
TEL gained 18.7% in the last 24 hours to trade at $0.00168 at press time. The telecom-focused protocol grew 41% over the past month. Its market cap stood at $105.56 million.
Dogelon Mars
ELON rose 16.7% in the last 24 hours to $0.000000473825 as of press time. Like Dogecoin, the “Elon Musk effect” is making its presence felt. Its market cap stood at $262.33 million.
Top 5 Losers
Rocket Pool
RPL is today’s biggest loser, sinking 12.9% to trade at $21.5657 at press time. The decentralized Ethereum staking pool posted a local top of $35.77 at the date of the Merge. Since then, RPL has been trending down. Its market cap stood at $221.691 million.
Toncoin
TON fell 7.8% to $1.48574 over the reporting period. Its market cap stood at $1.81 billion.
Flux
FLUX fell 7.4% over the reporting period to $0.73397. The Proof-of-Work protocol posted 462% gains over the last year. Its market cap stood at $205.74 million.
Gnosis
GNO is down 6.9% to trade at $120.776 at the time of press. The Ethereum ecosystem protocol was up 7% over the last week. Its market cap stood at $311.55 million.
Sologenic
SOLO recorded a 6.8% loss over the last 24 hours to trade at $0.33867 as of press time. Despite today’s loss, the XRP-based liquidity protocol posted 167% gains over the past month. Its market cap stood at $135.45 million.
Mentioned in this article
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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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
$3,485.25
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Dogecoin
$0.46524
Dogecoin is a cryptocurrency created in December 2013 as a joke by software engineers Billy Markus and Jackson Palmer.
Stratis
$0.06045
Stratis is a powerful and flexible Blockchain Development Platform designed for the needs of real-world enterprise and financial services..
Dogelon Mars
$0.00000
Dogelon Mars is a meme cryptocurrency that is running on the Ethereum blockchain..
Rocket Pool
$11.4563
Rocket Pool is a decentralised Ethereum Proof of Stake pool designed to be compatible with Casper.
TON
$6.22054
TON is a third-generation proof-of-stake blockchain designed in 2018 by the Durov brothers, the founders of Telegram Messenger.
Gnosis
$277.001
GnosisDAO builds decentralized infrastructure for the Ethereum ecosystem.
Sologenic
$0.67067
Sologenic deploys SOLO coins for market-making and liquidity providing.
FLUX
FLUX is a unique global gaming platform that unites all parts of the gaming industry ecosystem where players, developers, traders, and the gaming community can transform their time and needs into money using special gaming FLUX COIN..
