CryptoSlate Daily wMarket Update – Nov. 17: Solana prints losses in mute market performance CryptoSlate Daily wMarket Update – Nov. 17: Solana prints losses in mute market performance
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
3 min read
Updated: Nov. 18, 2022 at 1:16 pm 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 inflows of around $8 billion and currently stands at $836.19 billion as of press time — up 0.98% from $828.16 billion on Nov. 17.
Bitcoin’s market cap increased by 1% to $322 billion from $318.5 billion. Ethereum’s market cap rose by 1.28% to $149.1 billion from $146.8 billion.
The top 10 cryptocurrencies all recorded minor gains over the reporting period. The only outlier was Solana which lost 4.48%. BTC and ETH rose by 0.91% and 1.23%, respectively.
Over the reporting period, the market cap of Tether (USDT) remained flat at $65.9 billion, while the market caps of USD Coin (USDC) and BinanceUSD (BUSD) decreased to $44.09 billion, and $22.9 billion, respectively.
Bitcoin
In the last 24 hours, Bitcoin gained 0.91% to trade at $16,733 as of 07:00 ET. Its market dominance remained flat at 38.5% over the reporting period.
During trading hours, BTC peaked at $16,947 and bottomed at $16,479. Market participants are still trading cautiously due to the fears of contagion.
Ethereum
ETH increased by 1.23% in the last 24 hours, trading for $1,215 as of 07:00 ET. Its market dominance remained at 17.8% over the reporting period.
ETH hit a local top of $1,226 during the last 24 hours and bottomed at $1,189.
Top 5 Gainers
SSV.Network
SSV is the day’s biggest gainer, growing by24.36% as of press time to $10.14. It was unclear why the token was rising as of press time. Its market cap stood at $102.81 million.
Powerledger
POWR is up 19.57% over the reporting period to $0.16. Its market cap stood at $78.21 million.
Volt Inu V2
VOLT increased by 19.07% over the last 24 hours to $0.0000019067 as of press time. The token grew over 90% in the past week. Its market cap stood at $104.12 million.
SafePal
SFP gained 16.33% in the last 24 hours to trade at $0.73 as of press time. The token has risen by 123% over the last seven days. Its market cap stood at $80.01 million.
Energy Web Token
EWT increased by 13.58% to $3.89 over the reporting period. Its market cap stood at $117.08 million.
Top 5 Losers
Fruits
The day’s biggest loser was FRTS which shed 7.03% of its value in the last 24 hours to $0.011 as of press time. The digital asset has shed over 14% of its value in the last seven days. Its market cap stood at $233.79 million.
Synapse
SYN fell 5.04% over the reporting period to $0.63 as of press time. Its market cap stood at $88.71 million.
Solana
SOL continues to struggle following FTX’s implosion. The blockchain network token SOL decreased by 4.48% over the reporting period to $13.54. Its market cap stood at $4.91 billion.
dYdX
DYDX recorded a 4.45% loss over the reporting period to trade at $2.14 as of press time. The DEX token has risen by over 11% in the last seven days. Its market cap stood at $140.4 million
Kaspa
KAS was down 3.99% to $0.00618 as of press time. The PoW token is one of the few market outliers over the last thirty days — with a 262% gain. Its market cap stood at $89.32 million.
Mentioned in this article
Bitcoin 
Ethereum 
Solana 
Energy Web Token 
Fruits 
dYdX (Native) 
Kaspa 
Synapse 
SafePal 
Volt Inu V2 
Powerledger 
ssv.network 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
$3,427.99
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Solana
$256.659
Solana is a high-performance blockchain platform that utilizes a unique consensus algorithm called “Proof of History” to achieve fast transaction speeds and low fees.
Energy Web Token
$1.65292
Energy Web Token (EWT) is the native token of the Energy Web Chain, a public, Proof-of-Authority Ethereum Virtual Machine blockchain specifically designed to support enterprise-grade applications in the energy sector.
Fruits
$0.00003
Fruits Eco-Blockchain Project provides an eco-friendly blockchain that aims to revitalize global charity together with athletes.
dYdX (Native)
$1.55570
DYDX is a governance token that allows the dYdX community to truly govern the dYdX Layer 2 Protocol.
Kaspa
$0.15474
Kaspa is a proof-of-work cryptocurrency which implements the GHOSTDAG protocol.
Synapse
$0.53605
Synapse is a cross-chain layer ∞ protocol powering frictionless interoperability between blockchains.
SafePal
$0.73017
Founded in 2018, SafePal is a secure and powerful cryptocurrency wallet that helps users to protect and grow their decentralized assets.
Volt Inu V2
$0.00000
Volt Inu ($VOLT) is a highly deflationary token on the Ethereum blockchain that keeps growing through the use of true deflationary techniques and additional revenue generation.
Powerledger
$0.29339
Power Ledger (POWR) is a blockchain-based platform released in May 2016 with the goal of disrupting the global energy industry by enabling local areas to sell and distribute solar power to their neighbors without the help of middlemen.
ssv.network
$23.4979
ssv.network is a decentralized staking infrastructure that powers the distributed operation of Ethereum validators through a unique protocol known as Secret Shared Validators (SSV).
