Cryptocurrency

Polygon stands out among flat large caps

Over the past 24 hours, cryptocurrency market capitalization has increased by 0.5%, with a net inflow of $4.6 billion to $1.094 trillion from $1.048 trillion at the time of writing.

During the reporting period, Bitcoin’s market capitalization fell by 0.8% from $392.3 billion to $389.2 billion. Meanwhile, Ethereum’s market cap increased by 0.3% from $189.8 billion to $190.4 billion.

The top 10 cryptocurrencies have been largely flat over the past 24 hours. Exceptions were Polygon, which rose 13.6% on news of its partnership with Meta/Instagram, and BNB, which rose 4.6%.

top 10 cryptocurrencies
Source: CryptoSlate.com

The market cap of USD Coin (USDC) increased to $42.6 billion, while Tether (USDT) and BinanceUSD (BUSD) remained relatively flat at $69.4 billion and $21.7 billion respectively.

Bitcoin

Over the past 24 hours, Bitcoin has traded relatively flat, down 0.6% to $20,296 as of 07:00 ET. Market dominance he fell from 39.0% to 38.6%.

During the reporting period, BTC experienced volatility following the FOMC’s announcement of the fourth 75 basis points rise in US interest rates. It reached the local top at $20,700 in the rate decision, leading to a sharp decline that found support at $20,050.

bitcoin chart
Source: TradingView.com

ethereum

Over the past 24 hours, Ethereum has gained 0.05% to $1,548 at 07:00 ET. Its market dominance has dropped from 18.9% at the time of writing to 18.7%.

The price movements of ETH during the reporting period mirrored those of BTC. A sharp drop followed a local high of $1,621, and he was on an uptrend after twice testing the $1,502 support.

ethereum chart
Source: TradingView.com

top 5 price increases

NKN

NKN is the biggest gainer today, up 60% to $0.14188 at the time of writing. Peer-to-peer blockchain networks surged late last night. The reason is unknown at this time. Its market capitalization was $99.31 million.

arweave

AR is up 59.6% over the last 24 hours, trading at $15.9967. The decentralized storage protocol has partnered with NFT storage Meta. Its market capitalization was $534.21 million.

mask network

MASK is up 52.8% to $5.61092 over the last 24 hours. The token continues to climb after its biggest gain on November 1st. The 7-day change is +331%. Its market capitalization was $163.45 million.

API3

API3 is up 23.4% over the last 24 hours and is trading at $2.19129 at the time of writing. Decentralized API protocols are up 27.9% over the past month. Its market capitalization was $123.91 million.

Constitution DAO

PEOPLE is up 19.8% over the last 24 hours to $0.02627 at the time of writing.An experiment to buy a copy of the United States Constitution failed, and the project dissolutionIt is unclear why the tokens surged. Its market capitalization he was $132.95 million.

top 5 losers

chain

XCN is the biggest loser today, trading down 14.1% at $0.05329 at the time of writing. Cloud infrastructure platforms fell 26.5% last month. Its market capitalization was $1.14 billion.

Hexadecimal

HEX is down 6.8% and is trading at $0.04040 at the time of writing. Despite today’s losses, the controversial certificate of deposit protocol is still up 16% over the past week. Its market capitalization was $7.01 billion.

sorogenic

SOLO fell 5.7% to $0.32514 during the reporting period. Liquidity protocol has increased by 110% in the last 30 days. Its market capitalization was $130.04 million.

credit coin

CTC has lost 5.6% in the last 24 hours and is trading at $0.53037 at the time of writing. Affiliate and content marketing protocols grew 33.7% over the past month despite today’s losses. Its market capitalization was $109.92 million.

ribbon finance

RBN fell 5.3% to $0.33612 during the reporting period. Its market capitalization was $192.27 million.

Posted In: Bitcoin, Wrapped

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