CryptoSlate Daily wMarket Update – Oct 11: Dogecoin, Ethereum up as market posts slight recovery CryptoSlate Daily wMarket Update – Oct 11: Dogecoin, Ethereum up as market posts slight recovery
The wMarket Update condenses the most important price movements in the crypto markets over the weekend, published 08:00 UTC on weekdays.
3 min read
Updated: Oct. 12, 2022 at 9:14 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The total cryptocurrency market cap saw net inflows totaling $3.27 billion. As of press time, the industry’s market cap stood at $923.89billion, up 0.50% over the last 24 hours.
Bitcoin’s market cap rose 0.45% over the reporting period to $367 billion from $366.19 billion Ethereum’s market cap also increased 1.43% to $159.16 billion from $157.19 billion.
Some digital assets in the top 10 cryptocurrencies saw slight gains over the last 24 hours. Dogecoin led the recovery with a 2.18% gain; Ethereum is second, gaining 1.40%. Meanwhile, Polygon led the losses, shedding 1.26%.
Tether’s (USDT) market cap over the last 24 hours was $68.41 billion. BinanceUSD (BUSD) market cap remained relatively flat at $21.6 billion. The USD Coin (USDC) market cap slightly dipped to $45.95 billion.
Bitcoin
Bitcoin rose 0.43% over the last 24 hours to trade at $19,133 as of press time. Its market dominance stood at 39.73% over the reporting period.
BTC mostly traded sideways during the last 24 hours. The flagship digital asset peaked at $19,241 and bottomed at $18,925 over the period.
Ethereum
Ethereum’s price gained 1.35% in the last 24 hours to trade at $1,296 as of press time. Its market dominance stood rose to 17.23% from 17.08%.
ETH’s performance mirrored that of BTC, as it traded mostly sideways. The second-largest crypto asset by market cap peaked at $1,298 and bottomed at $1,272.
Top 5 Gainers
Terra
LUNA is the day’s biggest gainer, rising 25.33% in the last 24 hours to trade at $3.04 as of press time. The new Terra blockchain saw its value surge due to the increasing efforts of the community. Its market cap stood at $386.78million.
Huobi Token
HT gained 23.83% over the reporting period to trade at $6.51 as of press time. Its positive performance was spurred by the recent takeover of its parent company, Huobi Global. Its market cap stood at $1 billion.
Hedera
HBAR is up 8.43% in the last 24 hours to trade at $0.06231 as of press time. The crypto project is up over 8% in the last seven days. Its market cap stood at $1.45 billion.
Convex Finance
CVX recorded a 3.2% gain over the last 24 hours to trade at $5.72 as of press time. The DeFi protocol’s value is up 6.88% on the 30 days metrics. Its market cap stood at $387.42 million.
Casper
CSPR rose 2.84% over the past 24 hours to trade at $0.035 as of press time. Its market cap stood at $367.62 million.
Top 5 Losers
Terra USD
USTC is the day’s biggest loser, shedding 10.21% in the last 24 hours to trade at $0.048 as of press time. The failed algorithmic stablecoin has shed the gains it made earlier in the week. Its market cap stood at $433.08 million.
ApeCoin
APE plunged 8.07% to trade at $4.70 as of press time. The digital asset has been downward since news of the SEC’s investigation into its parent company emerged. Its market cap stood at $1.45 billion.
Stellar
XLM fell by 5.66% over the past 24 hours to trade at $0.1163 at the time of writing. XLM is down by 2.7% over the past week. Its market cap stood at $2.98 billion.
Klaytn
KLAY shed 3.42% over the past 24 hours to trade at $0.1722 as of press time. The user-friendly blockchain native token’s market cap stood at $530.53 million.
Uniswap
UNI lost 2.96% of its value in the last 24 hours to trade at $6.156 as of press time. The token had shed 7.48% over the last 30 days. Its market cap stood at $4.69 billion.
Mentioned in this article
Bitcoin 
Ethereum 
Dogecoin 
Polygon 
Uniswap 
Tether 
Binance USD 
USD Coin 
Klaytn 
ApeCoin 
TerraClassicUSD 
Terra 
Terra Classic 
Casper 
Hedera 
HTX Token 
Convex Finance 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
$3,405.48
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Dogecoin
$0.32004
Dogecoin is a cryptocurrency created in December 2013 as a joke by software engineers Billy Markus and Jackson Palmer.
Polygon
$0.49634
Polygon, a prominent layer 2 scaling solution on Ethereum, has emerged as a multifaceted and scalable platform, enhancing the Ethereum ecosystem’s capabilities.
Uniswap
$13.9907
Since its inception, the Uniswap Protocol (“Uniswap”) has served as a trustless and highly decentralized financial infrastructure.
Tether
$0.99867
Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner.
Binance USD
$1.00391
BUSD is a stablecoin issued by Paxos in partnership with Binance..
USD Coin
$0.99996
USD Coin (USDC) is a stablecoin fully backed by the US dollar and developed by the CENTRE consortium.
Klaytn
$0.21363
Klaytn is Kakao’s enterprise-grade, service-centric platform that aims to bring a user-friendly blockchain experience to millions of users.
ApeCoin
$1.28000
ApeCoin is an ERC-20 governance and utility token used within the APE Ecosystem to empower and incentivize a decentralized community building at the forefront of web3.
TerraClassicUSD
$0.02113
TerraUSD (UST) is a decentralized and algorithmic stablecoin on the Terra blockchain.
Terra
$0.45871
Terra (LUNA) is a public blockchain protocol that emerged from Terra Classic.
Terra Classic
$0.00012
Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems.
Casper
$0.01675
The Casper Network is the first live proof-of-stake blockchain built off the Casper CBC specification.
Hedera
$0.28848
The Hedera hashgraph platform provides a new form of distributed consensus; a way for people who don’t know or trust each other to securely collaborate and transact online without the need for a trusted intermediary.
HTX Token
$1.16370
HTX Token(formerly HT or Huobi Token) is a decentralized digital asset based on Ethereum, with a limited total supply of 500 M, issued by Huobi Group.
Convex Finance
$4.77521
Convex Finance is a platform built to boost rewards for CRV stakers and liquidity providers alike, all in a simple and easy to use interface.