Cryptocurrency

Polygon maintains bullish run of form

wMarket update

In the last 24 hours, cryptocurrency market capitalization has increased 2.1%, recording net inflows of $1.0306 trillion from $1.94 trillion at the time of writing to $21.2 billion.

During the reporting period, Bitcoin’s market capitalization increased by 1.7% from $389.2 billion to $395.8 billion. Meanwhile, Ethereum’s market cap increased 2% from $190.4 billion to $194.3 billion.

The top 10 cryptocurrencies posted gains in the last 24 hours, except for Dogecoin, which fell 10.4% on news of Twitter being sued for not providing sufficient notice to laid-off employees. Polygon leads the large caps, growing 14.9% over the period thanks to partnering with Meta for NFTs.

top 10 cryptocurrencies
Source: CryptoSlate.com

The market caps of Tether (USDT) and BinanceUSD (BUSD) were largely flat at $69.4 billion and $21.7 billion respectively. USD Coin (USDC) dropped to $42.7 billion.

Bitcoin

Over the last 24 hours, Bitcoin posted a marginal profit of 1.6% to $20,604 at 07:00 ET. Market dominance fell from 39.0% to 38.4%.

During the reporting period, BTC started rising on Thursday night and peaked at $20,700 earlier today. Price action has traded roughly flat since then.

bitcoin chart
Source: TradingView.com

ethereum

Over the past 24 hours, Ethereum has surged 2.3% to $1,581 at 07:00 ET. Its market dominance has slipped slightly from 18.9% at the time of writing to 18.8%.

The price movements of ETH during the reporting period mirrored those of BTC. Thursday evening’s rally triggered an uptrend that peaked at $1,600. The bears have been putting pressure on the continuation to stop higher since then.

ethereum chart
Source: TradingView.com

top 5 price increases

band protocol

BAND is the biggest gainer today, up 108.6% to $3.24465 at the time of writing. The decentralized oracle protocol continues its incredible performance, up 190% over the last week. Its market cap was he $114.19 million.

loop ring

The value of LRC increased by 29.2% to $0.35424 over the last 24 hours. Its market capitalization was $471.19 million.

OKB

OKB is trading at $20.3656, up 24.1% over the last 24 hours. The OK Blockchain Foundation utility token surged Thursday evening (UTC). Its market capitalization was $1.22 billion.

phantom

FTM is up 4.2% over the last 24 hours and is trading at $0.27929 at the time of writing. DeFi protocols have been boosted by rumors of Andre Cronje’s return. Its market capitalization was $710.79 million.

basic attention token

BAT is up 7.2% over the last 24 hours to $0.32188 at the time of writing. Digital ad browser platforms are up 10.5% over the past week. Its market capitalization was $481.43 million.

top 5 losers

mask network

MASK is down 17.3% to $4.50254, the biggest loser of the day. Despite the drawdown, MASK is still up 244.9% over the past month. Its market capitalization was $131.16 million.

Gala

GALA is down 11.5% and is trading at $0.03512 at the time of writing. The gaming ecosystem has been exploited and prices have plummeted. Its market cap was he $245.02 million.

dogecoin

DOGE fell 10.4% to $0.1194 during the reporting period. Memecoin fell on news that Twitter has suspended plans to unify its cryptocurrencies and is being sued by fired employees. Its market capitalization was $15.82 billion.

dogeron mars

ELON drops 8.3% to $0.000000432698 over the reporting period. It is unclear why the token sank. However, links to Twitter and Elon Musk are expected.MeTS had a market capitalization of $239.55 million.

storji

STORJ has posted a 4.8% loss in the last 24 hours and is trading at $0.47529 at the time of writing. Data storage protocols are up 14.7% over the past week. Its market capitalization was $196.27 million.

Posted In: Bitcoin, Wrapped

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button