CryptoSlate Daily wMarket Update – Oct. 3: Ethereum, Solana lead top 10 crypto gains as market turns green CryptoSlate Daily wMarket Update – Oct. 3: Ethereum, Solana lead top 10 crypto gains as market turns green
The wMarket Update condenses the most important price movements in the crypto markets over the last 24 hours, published 08:00 UTC on weekdays.
3 min read
Updated: Oct. 4, 2022 at 8:55 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Total crypto market cap stood at $951.22 billion as of press time, up 2.53% compared to the previous day. After outflows of $15.67 billion during the weekend, the market cap saw inflows of $23.48 billion over the past 24 hours.
The market capitalization of the largest cryptocurrency, Bitcoin (BTC), grew 2.92% to $379.06 billion from $368.28 billion the previous day. Ethereum’s (ETH) market cap, on the other hand, rose 3.42% over the past 24 hours to $163.96 billion.
The top 10 cryptocurrencies booked gains over the past 24 hours, with Ripple (XRP) and Solana (SOL) leading the pack at 3.41% and 3.35%.
The USD Coin (USDC) market cap continued to decline over the past 24 hours, dropping to $47.17 billion from $47.34 billion. The market cap of Tether (USDT) and BinanceUSD (BUSD) remained nearly stable at $67.95 billion and $21.05 billion, respectively.
Bitcoin
The price of Bitcoin climbed 3.19% over the past 24 hours to trade at $19,811.14 as of press time. Bitcoin’s market dominance rose marginally to 39.9% during the period.
Over the past 24 hours, BTC price dipped as low as around $19,133. Since around 14:00 UTC, the price of the largest cryptocurrency traded with an upward bias with frequent dips, starting a steady climb upwards at around 01:00 UTC.
Coinciding with Bitcoin’s gains, the U.S. stock market saw an uptick over the past 24 hours.
Ethereum
ETH led the rally over the past 24 hours, gaining 3.43% to trade at around $1,338 at press time. Ethereum’s market dominance improved slightly to 17.3% from 17.1% the previous day.
Like Bitcoin, ETH price rose steadily over the past 24 hours, with a few small dips. Around 08:00 UTC, the price of Ethereum fell to a low of $1,286, before continuing its upward climb.
Top 5 Gainers
Constellation
DAG booked the biggest gains over the past 24 hours, growing 19.21% to trade at around $0.08 at press time. The token’s market cap stood at $106.26 million at press time.
Ergo
ERG continued to solidify its gains over the past few days, gaining 18.21% to trade at around $2.90 at press time. Its market cap reached $170.06 million at the time of publishing.
Vulcan Forged PYR
PYR rose 17.15% over the past 24 hours to trade at $4.10 as of press time. The metaverse token’s market cap stood at $98.11 million at 06:00 UTC.
COTI
COTI bagged 14.41% gains over the past 24 hours to trade at $0.12 at press time. The digital payments token is up 30.39% for the month, while its market cap reached $139.43 million at press time.
BabyDoge Coin
BabyDoge recorded 11.78% gains over the past 24 hours, trading at around $0.0000000014 at the time of writing. The memecoin’s market cap stood at $163.78 million.
Top 5 Losers
Decentralized Social
DESO saw the day’s biggest decline after being the biggest gainer on Oct. 2, falling by 25.12% to trade at around $13.46 at press time, eliminating the majority of the gains from the previous day. The token’s market cap reached $119.63 million during the period, down from $154.65 million the previous day. However, the token is still up 108.19% for the month.
Reserve Rights
RSR plunged 6.63% over the past 24 hours to trade at $$0.009 at the time of writing. The token’s market cap fell to $397.64 million during the period. RSR is up by more than 50% over the past month.
Fruits
FRTS fell by 1.97% over the past 24 hours and was trading at $0.013 at press time. The token’s market cap stood at $282.7 million. The token is trading 99% lower than its all-time high set in December 2021.
Helium
HNT price saw heavy volatility and was trading at $4.86 at press time — down 1.9% over the past 24 hours. The token’s market cap fell to $620.13 million during the period. The token has traded steadily downwards this year but bagged gains of over 19% over the past 30 days.
BinaryX
BNX fell 1.87% over the past 24 hours to trade at $155.40 as of press time, eliminating part of the gains it bagged over the past few days. Its market cap stood at $314.38 million at the time of writing. The token is up 269.38% over the past 12 months.
Mentioned in this article
Bitcoin 
Ethereum 
Solana 
XRP 
Constellation 
Ergo 
Vulcan Forged PYR 
COTI 
Baby Doge Coin 
Decentralized Social 
Reserve Rights 
Fruits 
Helium 
BinaryX (old) 
USD Coin 
Tether 
Binance USD Author 
Monika Ghosh
In 2020, Monika immersed herself in crypto, maintaining skepticism yet firmly believing blockchain could address key issues like financial disparity and transparency. A book-lover, she's also a passionate food enthusiast.
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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
$3,137.24
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Solana
$215.220
Solana is a high-performance blockchain platform that utilizes a unique consensus algorithm called “Proof of History” to achieve fast transaction speeds and low fees.
XRP
$0.77130
The XRP Ledger is a decentralized cryptographic ledger powered by a network of peer-to-peer servers.
Constellation
$0.02760
Constellation is a horizontally scalable blockchain (DAG / ExtendedTrustChain) operating system with smart contracts as microservices..
Ergo
$1.19714
The Ergo platform aims to provide an efficient, secure, and easy way to implement financial contracts that will be useful and survivable in the long term.
Vulcan Forged PYR
$2.78511
Vulcan Forged is a blockchain game studio and NFT marketplace.
COTI
$0.09756
COTI is building a platform built from a blockless chain, a new consensus algorithm, and dApps that create payment networks over DAG.
Baby Doge Coin
$0.00000
Baby Doge is a deflationary coin designed to become more scarce over time.
Decentralized Social
$4.16733
DeSo is a new type of blockchain designed to power Web 3.0 decentralized social networks.
Reserve Rights
$0.00700
Reserve is a stable, global currency (a stablecoin) and a digital payment system for people and businesses in countries with high inflation..
Fruits
$0.00004
Fruits Eco-Blockchain Project provides an eco-friendly blockchain that aims to revitalize global charity together with athletes.
Helium
$5.97345
Helium (HNT) is a blockchain-based cryptocurrency that powers the Helium Network, a decentralized wireless infrastructure designed to support Internet of Things (IoT) devices.
USD Coin
$0.99998
USD Coin (USDC) is a stablecoin fully backed by the US dollar and developed by the CENTRE consortium.
Tether
$1.00041
Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner.
Binance USD
$1.00173
BUSD is a stablecoin issued by Paxos in partnership with Binance..
