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CryptoSlate Daily wMarket Update – Oct 12: Cardano, Polygon lead market sell-off Oluwapelumi Adejumo · 2 years ago · 3 min read

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CryptoSlate Daily wMarket Update – Oct 12: Cardano, Polygon lead market sell-off

The wMarket Update condenses the most important price movements in the crypto markets over the weekend, published 08:00 UTC on weekdays.

Oluwapelumi Adejumo

Oct. 13, 2022 at 9:00 am UTC

3 min read

Updated: Oct. 13, 2022 at 9:27 am UTC

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

The total cryptocurrency market cap saw net outflows totaling $12.75 billion. As of press time, the industry’s market cap stood at $911.14 billion, down 1.45% over the last 24 hours.

Bitcoin’s market cap fell 0.5% over the reporting period to $365.65 billion from $367 billion Ethereum’s market cap decreased 1.05% to $157.7 billion from $159.16 billion.

The top 10 cryptocurrencies all saw losses over the last 24 hours. Polygon and Cardano led the losses, losing 4.03% and 5.19%, respectively. BTC shed 0.1% of its value.

CryptoSlate wMarket update — Source: CryptoSlate.com

Tether (USDT) and BinanceUSD (BUSD) market cap remained relatively flat over the last 24 hours at $68.4 billion and $21.6 billion, respectively. USD Coin’s (USDC) market cap dipped to $45.81 billion.

Bitcoin

Bitcoin fell 0.43% over the last 24 hours to trade at $19,066 as of press time. Its market dominance increased to 40.11% over the reporting period.

BTC mostly traded sideways during the last 24 hours. The flagship digital asset peaked at $19,203 and bottomed at $19,029 over the period.

Ethereum

Ethereum’s price lost 1.10% in the last 24 hours to trade at $1,282 as of press time. Its market dominance rose to 17.30% from 17.23%.

ETH’s performance mirrored that of BTC, as it traded mostly sideways between $1,300 and $1,200. The second-largest crypto asset by market cap peaked at $1,303 and bottomed at $1,282.

Top 5 Gainers

SingularityNET

AGIX is the day’s biggest gainer, rising 88.98% in the last 24 hours to trade at $$0.084 as of press time. The decentralized global AI platform has enjoyed increased interest, spiking its value by over 72% in the last 30 days. Its market cap stood at $93.31 million.

RichQUACK

QUACK is up 54.8% in the last 24 hours to trade at $$0.0000000028 as of press time. The crypto project is up over 210.66% in the last seven days. Its market cap stood at $129.75 million.

Mdex

MDX gained 22.56% over the reporting period to trade at $0.09 as of press time. The asset continues its positive run of green candles over the last seven days, rising over 60%. Its market cap stood at $91.09 million.

Status

SNT rose 19.1% over the last 24 hours to trade at $0.03 as of press time. The open-source mobile client targeting Android & iOS is built on Ethereum technologies. Its token has risen by over 13% in the last seven days. Its market cap stood at $112.74 million.

Huobi Token

HT gained 12.44% over the reporting period to trade at $7.31 as of press time. The token’s positive performance continues, gaining over 78% in the past week. Its market cap stood at $1.12 billion.

Top 5 Losers

Voyager Token

VGX is the day’s biggest loser. The token lost 11.31% over the past day to trade at $0.38 at the time of publishing. The token’s market cap amounted to $108.14 million. Users of the bankrupt company are still in the dark about how they would recoup their funds.

Terra USD

USTC is one of the biggest losers for the second consecutive day. The failed stablecoin shed 10.94% in the last 24 hours to trade at $0.046 as of press time. Its market cap stood at $455.68 million.

Lido DAO Token

LDO shed 10.34% over the past 24 hours to trade at $1.19 as of press time. The liquid staking protocol’s market cap stood at $372.87 million.

Flux

FLUX lost 10.39% over the past 24 hours to trade at $0.65 as of press time. The token has gained over 138% over the last 30 days. Its market cap stood at $183.16 million.

SushiSwap

SUSHI plunged 9.24% over the last 24 hours to trade at $1.14 at press time. The DEX’s native token has performed poorly over the last seven days, losing over 9%. Its market cap stood at $146.18 million.

Mentioned in this article

Posted In: Bitcoin, Wrapped

Author

Oluwapelumi Adejumo

Journalist at CryptoSlate

Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.

Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

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