CryptoSlate Daily wMarket Update – Nov. 18-20: TRON ousts Solana from top 10 rankings CryptoSlate Daily wMarket Update – Nov. 18-20: TRON ousts Solana from top 10 rankings
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. 21, 2022 at 1:01 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Over the reporting period, the cryptocurrency market cap saw net outflows of $31.56 billion to $796.6 billion, down 3.8% from $828.16.
Bitcoin’s market cap decreased by 4% to $308.8 billion from $322 billion. Ethereum’s market cap fell 8% to $137.1 billion from $149.1 billion.
The top 10 cryptocurrencies all sold off over the reporting period, with Dogecoin and XRP leading the biggest losses at 7.7% and 7%, respectively. Meanwhile, TRON fared best, losing 0.6% over the last 24 hours and ousting Solana from the top ten.
Over the reporting period, the market caps of Tether (USDT) and BinanceUSD (BUSD) remained flat at $65.9 billion and $22.9 billion, respectively. Meanwhile, the market cap of USD Coin (USDC) increased 0.9% to $44.4 billion from $44.09 billion.
Bitcoin
In the last 24 hours, Bitcoin lost 2.7% to trade at $16,088 as of 07:00 ET. Its market dominance rose slightly to 38.8% from 38.5% over the reporting period.
The leading cryptocurrency was trading flat until a breakdown Sunday evening turned into a spill that bottomed at $15,900. Market sentiment remains fragile over fears of contagion affecting the Digital Currency Group and its subsidiary companies Grayscale and Genesis.
Ethereum
ETH decreased by 4% over the last 24 hours to trade at $1,124 as of 07:00 ET. Its market dominance fell to 17.3% from 17.8% over the reporting period.
Price action for Ethereum mirrored Bitcoin. A local bottom of $1,105 was found just before 06:00 today.
Top 5 Gainers
Serum
SRM is the day’s biggest gainer, growing by 24.5% as of press time to $0.27561. Serum underwent a fork to distance itself from the FTX debacle. Since then, the token has grown 40% in value. Its market cap stood at $72.55 million.
Bitcoin Standard Hashrate Token
BTCST is up 10.8% over the reporting period to $7.16520. The BTC mining liquidity protocol is up 20.4% over the past week. Its market cap stood at $87.43 million.
NEM
XEM increased by 5.8% over the last 24 hours to $0.03456 as of press time. Its market cap stood at $311.02 million.
Syscoin
SYS increased by 3.3% to $0.12009 over the reporting period. Its market cap stood at $80.58 million.
Storj
STORJ gained 3% in the last 24 hours to trade at $0.33668 as of press time. The storage protocol has risen by 14% over the last seven days. Its market cap stood at $139.03 million.
Top 5 Losers
DFI.Money
YFII is the day’s biggest loser sinking 49.7% over the last 24 hours to $1,861.16 as of press time. No new fundamental developments have come to light, however, onchain analysis shows selling pressure coming from whales offloading their holdings. Its market cap stood at $71.83 million.
Chiliz
CHZ is down 15.6% to $0.19285 at the time of press. Since the start of this month, the token has experienced extreme volatility in both directions. Its market cap stood at $1.18 billion.
Polymath Network
POLY recorded a 12.6% loss over the reporting period to trade at $0.19852 as of press time. Its market cap stood at $183.63 million.
Algorand
ALGO was down 12.2% to $0.24691 as of press time. The token is down 19.8% over the past month. The Algorand Foundation recently confirmed zero affiliation with FTX. It is unclear why ALGO continues to sell off. Its market cap stood at $1.76 billion.
iExec RLC
RLC fell 8.8% over the reporting period to $1.05678 as of press time. Despite today’s drawdown, the token is still up 32.8% over the past week. Its market cap stood at $85.6 million.
Mentioned in this article
Bitcoin 
Ethereum 
Serum 
Bitcoin Standard Hashrate Token 
NEM 
Storj 
Syscoin 
DFI.Money 
iExec RLC 
Chiliz 
Polymath Network 
Algorand 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
$3,358.75
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Serum
$0.03065
Serum is a decentralized exchange (DEX) built on the Solana blockchain.
Bitcoin Standard Hashrate Token
$0.11683
Bitcoin Standard Hashrate Token aims to bring exchange-grade liquidity to Bitcoin mining and solve the current problem of a limited number of exit options while participating in the mining process.
NEM
$0.02179
NEM is a blockchain built from the ground up for enterprise-grade performance.
Storj
$0.50572
Storj is a platform, cryptocurrency, and suite of decentralized applications that allows users to store data in a secure and decentralized manner..
Syscoin
$0.10503
Syscoin is a cryptocurrency that offers near zero cost financial transactions like Bitcoin and provides businesses the infrastructure to trade goods, assets, digital certificates and data securely.
DFI.Money
$344.342
DFI.Money (previously known as YFII) is a DeFi platform which aims to build products on aggregated liquidity provision, leveraged trading, automated marketing making.
iExec RLC
$1.85426
iExec RLC aims at providing distributed applications running on the blockchain a scalable, secure and easy access to the services, the data-sets and the computing resources they need..
Chiliz
$0.07504
Chiliz (CHZ) is a digital currency for sports and entertainment platforms.
Polymath Network
$0.04658
Polymath is a platform that enables the creation, issuance and trading of financial instruments on the blockchain.
Algorand
$0.22906
Algorand removes the technical barriers that for years undermined mainstream blockchain adoption: decentralization, scale, and security.