CryptoSlate Daily wMarket Update – Oct. 28-30: Mixed performance sees BNB lead large caps
The wMarket Update condenses the most important price movements in the crypto markets over the period, published 07:00 ET on weekdays.
Since the last wMarket report, the cryptocurrency market cap saw net inflows of $46.24 billion to $1,027 billion from $980.76 billion as of press time, up 4.7% over the reporting period.
Since Oct. 28, Bitcoin’s market cap has increased 8.9% to $397.9 billion from $365.4 billion. Meanwhile, Ethereum’s market cap increased by 7.5% to $198.3 billion from $184.5 billion.
The top 10 cryptocurrencies saw a mixed performance over the last 24 hours. BNB leads the large caps with 5.9% gains, while Shiba Inu brought up the rear, losing 0.8% in value.
The market cap of Tether (USDT) increased to $69.1 billion, while USD Coin (USDC) and BinanceUSD (BUSD) saw marginal decreases to $43.7 billion and $21.4 billion, respectively.
Over the last 24 hours, the Bitcoin price held firm, up 0.01% to trade at $20,694 as of 06:30 ET. Its market dominance fell to 38.7% from 39.5%.
Since Oct. 28, the market leader hit a local top of $21,080 on Oct. 29. A gradual drawdown followed that bottomed at $20,400 late evening on Oct. 30 before bulls took control to spike the price to $20,800.
Over the last 24 hours, Ethereum increased 0.9% to $1,613 as of 06:30 ET. Its market dominance increased to 19.3% from 18.8% as of press time.
Since the last Market report, ETH has largely mirrored BTC’s price movement, peaking at $1,664 on Saturday, Oct. 29, before experiencing a gradual drawdown to bottom at $1,563 late evening on Oct. 30. A strong rally followed that saw ETH hit $1,630.
Top 5 Gainers
ABBC is the biggest gainer over the reporting period, gaining 21.3% to $0.24423 as of press time. The payment protocol is up 66% over the past week. Its market cap stood at $252.52 million.
CTC saw 21.2% gains over the last 24 hours. the Cosmos blockchain. The affiliate and marketing platform saw strong gains over the past week, up 49% in value. Its market cap stood at $112.86 million.
CHZ’s value grew by 15.6% to $0.22728 in the last 24 hours. The sports fan token platform is up 24.6% over the past week. New developments include World Cup fever and the testnet launch of Chiliz Chain 2.0. Its market cap stood at $1.37 billion.
LN rose 15.4% in the last 24 hours to $37.1396 as of press time. Its market cap stood at $232.59 million.
RNDR gained 10.1% in the last 24 hours to trade at $0.60055 at press time. The 3D asset platform is up 29% over the last week. Its market cap stood at $152.42 million.
Top 5 Losers
WEMIX is today’s biggest loser, sinking 10.7% to trade at $1.25529 at press time. The gaming platform is down over 29.9% in the last 30 days. Its market cap stood at $399.71 million.
LYXe fell 9.9% to $8.16264 over the reporting period. Despite the loss, the multiverse blockchain network has had a strong run over the past month, growing 73% in value. Its market cap stood at $124.94 million.
TFUEL is down 8.3% to trade at $0.05666 at the time of press. Theta’s operational token spiked as high as $0.06924 on Oct. 29 before a sharp sell-off ensued. Its market cap stood at $300.37 million.
ELON recorded a 7.4% loss over the last 24 hours to trade at $0.0000004101 as of press time. The Ethereum-based meme token is up 63% over the past 30 days. Its market cap stood at $226.03 million.
AR fell 5.9% over the reporting period to $10.4033. The data storage protocol posted gains of 12% over the past month. Its market cap stood at $347.42 million.