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CryptoSlate Daily wMarket Update – Nov. 14: XRP leads flat top 10 performance
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
Cover art/illustration via CryptoSlate. Image includes combined content which may include the use of AI tools.
In the last 24 hours, the cryptocurrency market cap saw minor inflows of around $3 billion as the industry rose to $844.87 billion as of press time — up 0.44%.
Bitcoin and Ethereum’s market cap increased by 0.21% and 0.43% to $322.31 billion and $154.12 billion, respectively.
The top 10 cryptocurrencies continued their flat performance over the reporting period, with the outlier being XRP which posted a significant gain of 8.99%. BTC and ETH recorded minor gains of 0.02% and 0.31%, respectively. BNB was down 3.65%.
Over the reporting period, the market cap of BinanceUSD (BUSD) increased to $23.45 billion, while Tether’s (USDT) and USD Coin (USDC) market caps decreased to $66.3 billion and $44.02 billion, respectively.
Bitcoin
Over the last 24 hours, Bitcoin posted a minor gain of 0.02% to trade at $16,774 as of 07:00 ET. Its market dominance dropped to 38.2% over the reporting period.
BTC mostly traded sideways in the last 24 hours, trading for as low as $16,200 before rising above $16,700. Market traders are mostly trading cautiously as the industry is still smarting from FTX's capitulation.
Ethereum
ETH gained 0.31% in the last 24 hours, trading for $1,259 as of 07:00 ET. Its market dominance remained flat at 18.3%.
Like BTC, ETH mostly traded sideways over the reporting period, bottoming at around $1,210.
Top 5 Gainers
Serum
SRM is the day's biggest gainer, rising by 51.14% in the last 24 hours to $0.29. The Serum community is working to remove the FTX influence on the DEX. Its market cap stood at $78.28 million.
Kaspa
KAS was up 32.83% to $0.00659 as of press time. The PoW token is one of the few market outliers over the last seven days — with a 73% gain. Its market cap stood at $86.43 million.
Mdex
MDX is up 37.3% to $0.101 in the last 24 hours. The DEX has enjoyed renewed interest following the growing distrust for CEXs in the crypto space. Its market cap stood at $94.56 million
FTX Token
FTT was up 23.85% over the reporting period. Its market cap stood at $610.69 million.
Quant
QNT rose 17.17% in the last 24 hours to trade at $121.24 as of press time. After surging to over $200 in October, QNT has shed over 40% of its value. Its market cap stood at $1.26 billion.
Top 5 Losers
Trust Wallet Token
TWT shed 8.8% of its value over the reporting period to trade at $2.25. The native token of the Trust Wallet ecosystem has seen increased interest due to growing adoption of self-custody following the FTX meltdown. Its market cap stood at$948.08 million.
VIDT Datalink
VIDT continues it recent poor price performance, crashing 7.95% of its value over the last 24 hours to trade at $0.16 as of press time. Over the last seven days, the crypto token has shed around 66% of its value. Its market cap stood at $125.68 million.
DAO Maker
DAO fell by 7.6% in the last 24 hours to $0.83. Its market cap stoof at $76.73 million.
Convex Finance
CVX recorded losses of 4.43% over the reporting period to trade at $4.32 as of press time. The DeFi token has shed over 18% of its value over the last seven days. Its market cap stood at $289.66 million.
Ankr
ANKR plunged 1.79% to $0.021 as of press time. The token has been performing poorly over the last seven days, losing over 21% of its value. Its market cap stood at $208.64 million.
