CryptoSlate Daily wMarket Update – Oct. 24: Polkadot sees slight gain as market rut continues CryptoSlate Daily wMarket Update – Oct. 24: Polkadot sees slight gain as market rut continues
The wMarket Update condenses the most important price movements in the crypto markets over the last 24 hours, published 07:00 ET on weekdays.
3 min read
Updated: Oct. 25, 2022 at 12:24 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The cryptocurrency market cap saw net outflows of $1.11 billion over the past 24 hours, pushing the total to $929.47 billion as of press time.
Bitcoin’s market cap fell 0.17% over the reporting period to $369.77 billion. Meanwhile, Ethereum’s market cap increased by 0.65% to $164.58 billion.
The top 10 cryptocurrencies posted losses except for Polkadot, which saw a slight gain of 0.94%. Bitcoin shed 0.81% of its value over the reporting period, while Solana (SOL) was the biggest loser, dropping 2.9%.
The market caps of Tether (USDT) and BinanceUSD (BUSD) slightly increased to $68.47 billion and $21.62 billion, respectively. USD Coin’s (USDC) market cap remained flat at $43.80 billion.
Bitcoin
Over the last 24 hours, the Bitcoin price fell 0.81% to trade at $19,277 as of 06:30 ET. Its market dominance stood at 39.82% over the reporting period.
The flagship digital asset peaked at $19,435 during the early trading hours of Oct. 24. The asset mostly traded sideways for the rest of the day, bottoming at $19,206.
Ethereum
Ethereum’s price shed 0.45% to trade at $1,344 as of 06:30 ET. Its market dominance stood at 17.7% over the last 24 hours.
Over the reporting period, the second-largest cryptocurrency printed a giant red candle around 09:00 UTC, dropping its value to around $1325. However, it mostly traded sideways for the rest of the day, peaking at $1355.
Top 5 Gainers
ABBC Coin
ABBC is the day’s biggest gainer, rising 17.72% over the reporting period to trade at $0.17 as of press time. It was unclear why the token cryptocurrency payment-based eCommerce platform rose at press time. Its market cap stood at $171.14 million.
Klaytn
KLAY grew 10.15% to trade at $0.20 as of press time. The Korean-based blockchain network Foundation initiated a buyback to stabilize its ecosystem. The network also passed a new proposal to reduce its block rewards. Its market cap stood at $625.02 million.
HEX
HEX rose 9.64% over the last 24 hours and is currently trading for $0.038. The world’s first certificate of deposit network provides premium interest rates for users who lock their tokens. Its market cap stood at $6.76 billion.
Toncoin
TON grew 8.58% over the reporting period, trading at $1.37808 as of press time. The token saw heavy demand on Thursday evening, leading to a spike in price. Its market cap stood at $1.68 billion.
Ribbon Finance
RBN gained 6.31% to trade at $0.366 as of press time. The token has risen by 35% over the last 30 days. Its market cap stood at $209.47 million.
Top 5 Losers
Uquid Coin
UQC is the day’s biggest loser. It shed 11.67% of its value in the last 24 hours to trade at $9.507 as of press time. The digital token price performance has decreased, losing over 13% of its value in the last seven days. Its market cap stood at $95.08 million.
Aave
AAVE recorded a 5.48% loss over the last 24 hours to trade at $82.93 as of press time. The DeFi protocol has enjoyed a positive performance over the past week. Its market cap stood at $1.17 billion.
Immutable X
IMX shed 5.15% of its value in the last 24 hours to trade at $0.53 as of press time. The NFT-related token has been on a downward trend since the beginning of the month, losing 26.64% of its value. Its market cap stood at $125.28 million.
Lukso
LYXe fell 4.99% over the last 24 hours to trade at $7.47 as of press time. The crypto token has a market cap that stood at $112.77 million.
Symbol
XYM is down 4.67 % and trading at $0.03 as of press time. The token’s value had risen by over 8.75% in the last seven days. Its market cap stood at $217.91 million.
Mentioned in this article
Bitcoin 
Ethereum 
Chiliz 
Toncoin 
Uquid Coin 
Aave 
STASIS EURO 
Trust Wallet Token 
HEX 
Immutable 
Klaytn 
ABBC Coin 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
$3,146.16
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Chiliz
$0.11801
Chiliz (CHZ) is a digital currency for sports and entertainment platforms.
Toncoin
$5.38876
TON is a third-generation proof-of-stake blockchain designed in 2018 by the Durov brothers, the founders of Telegram Messenger.
Aave
$90.9613
Aave is an open source and non-custodial protocol enabling the creation of money markets.
STASIS EURO
$1.07452
EURS token is a virtual financial asset that is designed to digitally mirror the EUR on a 1:1 basis.
Trust Wallet Token
$1.07626
Trust Wallet Token (TWT) is the official token of Trust Wallet, a user-friendly and versatile mobile cryptocurrency wallet that supports a wide range of assets across various blockchains.
HEX
$0.00182
HEX is a cryptocurrency launched in late 2019 by the founder going by the name “Richard Heart” and “RadicalHeart.” It is an ERC20 token built on the Ethereum blockchain, with a maximum supply of 633,642,618,630 HEX tokens.
Immutable
$2.05587
Immutable X positions itself as the first layer-two scaling solution for NFTs on Ethereum.
Klaytn
$0.19077
Klaytn is Kakao’s enterprise-grade, service-centric platform that aims to bring a user-friendly blockchain experience to millions of users.
ABBC Coin
$0.01532
The ABBC platform will allow users to send and receive funds, make online purchases using their own ABBC wallet, exchange ABBC coins at profitable rates, as well as trade and manage funds..