CryptoSlate Daily wMarket Update – Oct. 26: Dogecoin leads gain as BTC maintains $20k CryptoSlate Daily wMarket Update – Oct. 26: Dogecoin leads gain as BTC maintains $20k
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. 27, 2022 at 12:12 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The cryptocurrency market cap saw net inflows of $2.8 billion over the past 24 hours, pushing the total to $998.02 billion from $995.22 billion as of press time. The market cap increased by 0.39% over the last 24 hours.
Bitcoin’s market cap fell 0.1% over the reporting period to $395.35 billion. Meanwhile, Ethereum’s market cap increased by 1.11% to $189.34 billion.
Some crypto assets in the top 10 cryptocurrencies recorded gains over the reporting period, with Dogecoin gaining over 10%. Bitcoin and Ethereum also recorded slight gains in the last 24 hours, continuing their green rally.
The market cap of Tether (USDT), BinanceUSD (BUSD), and USD Coin (USDC) remained flat at $68.52 billion, $43.80 billion, and $21.62 billion, respectively.
Bitcoin
Over the last 24 hours, Bitcoin price rose by 0.05% to trade at $20,606 as of 06:30 ET. Its market dominance stood at 39.6% over the reporting period.
The flagship digital asset peaked at $20,938 during the early hours of Oct. 26 and traded sideways for the rest of the day. BTC was able to maintain its price above the $20,000 mark.
Ethereum
Ethereum continued its positive performance, rising 1.1% in the last 24 hours to $1,547 as of 06:30 ET. Its market dominance stood at 19% as of press time.
The second-largest cryptocurrency mirrored BTC’s price performance over the reporting period, maintaining its value over the $1,500 mark. The asset peaked at $1,584.
Top 5 Gainers
QuarkChain
QKC is the day’s biggest gainer, rising 30.13% over the reporting period to trade at $0.015 as of press time. The crypto token has been on a tear in the past seven days as its value has increased by 36.15%. Its market cap stood at $94.95 million.
Klaytn
KLAY rose 23.4% over the past 24 hours to $0.24. The Korea-based network’s foundation recently initiated a buyback to stabilize its ecosystem. Its market cap stood at $751.95 million as of press time.
Dogecoin
DOGE recorded 17.06% gains over the past 24 hours to trade at around $0.077 at press time. The meme coin is rising following Elon Musk’s purchase of Twitter. Its market cap stood at $10.24 billion.
Krypton DAO
KRD grew 16.07% over the reporting period to $1.15 as of press time. The decentralized community token has increased by 137% in the last seven days. Its market cap stood at $117.36 million.
Optimism
OP continues its impressive performance this week, gaining 11.22% to trade at $1.11 over the last 24 hours. It has risen by over 58% this week. Its market cap stood at $261.4 million.
Top 5 Losers
WEMIX
WEMIX is the day’s biggest loser, shedding 16.23% of its value to trade at $1.51 as of press time. The gaming dApps platform has shed over 20% in the last 30 days. Its market cap stood at $480.09 million.
Chain
XCN is also one of the top losers for the day. The token’s value fell 8.37% in the last 24 hours to $0.052. Its market cap stood at $1.12 billion.
Casper
CSPR lost 6.891% of its value to trade at $0.045 as of press time. It was unclear why the token was experiencing volatility after rising by over 61% in the last 30 days. Its market cap stood at $475.49 million.
Mdex
MDX plunged 6.51% over the last 24 hours to $0.17. The decentralized exchange token has been one of the best-performing digital assets over the past 30 days, rising 171%. Its market cap stood at $157.96 million.
Injective Protocol
INJ is down 3.94% over the reporting period, trading at $2.04 as of press time. The DeFi protocol has increased by 2m4% over the last 30 days. Its market cap stood at $148.94 million.
Mentioned in this article
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
$3,318.96
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Injective
$21.1617
Injective is an open interoperable smart contracts platform optimized for decentralized finance applications.
Casper
$0.01615
The Casper Network is the first live proof-of-stake blockchain built off the Casper CBC specification.
Mdex
$0.01241
Mdex is an automatic market-making decentralized exchange based on the concept of fund pools.
Optimism
$1.77107
Optimism is a layer-2 scaling network for the Ethereum blockchain.
Dogecoin
$0.31190
Dogecoin is a cryptocurrency created in December 2013 as a joke by software engineers Billy Markus and Jackson Palmer.
WEMIX
$0.81929
Wemix is a blockchain based Global Gaming Platform developed by Wemade Tree that issubsidiary company of WEMADE as its flagship blockchain gaming services arm.
Klaytn
$0.20928
Klaytn is Kakao’s enterprise-grade, service-centric platform that aims to bring a user-friendly blockchain experience to millions of users.
Krypton DAO
$0.88054
Krypton DAO is a decentralized community alliance platform that adopts DAO governance.