CryptoSlate Daily wMarket Update – Oct. 26: Dogecoin leads gain as BTC maintains $20k 1 year ago · 3 min read
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: October 27, 2022 at 12:12 pm
Cover art/illustration via CryptoSlate
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.
![wMarket-top10-landscape-10-1 CryptoSlate wMarket update](https://i0.wp.com/cryptoslate.com/wp-content/uploads/2022/10/wMarket-top10-landscape-10-1.jpg)
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.
![BTCUSDT_2022-10-27_18-30-25 CryptoSlate wMarket update](https://i0.wp.com/cryptoslate.com/wp-content/uploads/2022/10/BTCUSDT_2022-10-27_18-30-25.png)
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.
![ETHUSDT_2022-10-27_18-30-16 CryptoSlate wMarket update](https://i0.wp.com/cryptoslate.com/wp-content/uploads/2022/10/ETHUSDT_2022-10-27_18-30-16.png)
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.
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