CryptoSlate Daily wMarket Update – Oct 12: Cardano, Polygon lead market sell-off – CryptoSlate

The global crypto market cap is $ with a 24-hour volume of $. The price of Bitcoin is $16,584.59 and BTC market dominance is %. The price of Ethereum is $1,197.38 and ETH market dominance is %. The best performing cryptoasset sector is Jobs, which gained 12%.
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The wMarket Update condenses the most important price movements in the crypto markets over the weekend, published 08:00 UTC on weekdays.
Cover art/illustration via CryptoSlate
The total cryptocurrency market cap saw net outflows totaling $12.75 billion. As of press time, the industry’s market cap stood at $911.14 billion, down 1.45% over the last 24 hours.
Bitcoin’s market cap fell 0.5% over the reporting period to $365.65 billion from $367 billion Ethereum’s market cap decreased 1.05% to $157.7 billion from $159.16 billion.
The top 10 cryptocurrencies all saw losses over the last 24 hours. Polygon and Cardano led the losses, losing 4.03% and 5.19%, respectively. BTC shed 0.1% of its value.
Tether (USDT) and BinanceUSD (BUSD) market cap remained relatively flat over the last 24 hours at $68.4 billion and $21.6 billion, respectively. USD Coin’s (USDC) market cap dipped to $45.81 billion.
Bitcoin fell 0.43% over the last 24 hours to trade at $19,066 as of press time. Its market dominance increased to 40.11% over the reporting period.
BTC mostly traded sideways during the last 24 hours. The flagship digital asset peaked at $19,203 and bottomed at $19,029 over the period.
Ethereum’s price lost 1.10% in the last 24 hours to trade at $1,282 as of press time. Its market dominance rose to 17.30% from 17.23%.
ETH’s performance mirrored that of BTC, as it traded mostly sideways between $1,300 and $1,200. The second-largest crypto asset by market cap peaked at $1,303 and bottomed at $1,282.
AGIX is the day’s biggest gainer, rising 88.98% in the last 24 hours to trade at $$0.084 as of press time. The decentralized global AI platform has enjoyed increased interest, spiking its value by over 72% in the last 30 days. Its market cap stood at $93.31 million.
QUACK  is up 54.8% in the last 24 hours to trade at $$0.0000000028 as of press time. The crypto project is up over 210.66% in the last seven days. Its market cap stood at $129.75 million.
MDX gained 22.56% over the reporting period to trade at $0.09 as of press time. The asset continues its positive run of green candles over the last seven days, rising over 60%. Its market cap stood at $91.09 million.
SNT rose 19.1% over the last 24 hours to trade at $0.03 as of press time. The open-source mobile client targeting Android & iOS is built on Ethereum technologies. Its token has risen by over 13% in the last seven days. Its market cap stood at $112.74 million.
HT gained 12.44% over the reporting period to trade at $7.31 as of press time. The token’s positive performance continues, gaining over 78% in the past week. Its market cap stood at $1.12 billion.
VGX is the day’s biggest loser. The token lost 11.31% over the past day to trade at $0.38 at the time of publishing. The token’s market cap amounted to $108.14 million. Users of the bankrupt company are still in the dark about how they would recoup their funds.
USTC is one of the biggest losers for the second consecutive day. The failed stablecoin shed 10.94% in the last 24 hours to trade at $0.046 as of press time. Its market cap stood at $455.68 million.
LDO shed 10.34% over the past 24 hours to trade at $1.19 as of press time. The liquid staking protocol’s market cap stood at $372.87 million.
FLUX lost 10.39% over the past 24 hours to trade at $0.65 as of press time. The token has gained over 138% over the last 30 days. Its market cap stood at $183.16 million.
SUSHI plunged 9.24% over the last 24 hours to trade at $1.14 at press time. The DEX’s native token has performed poorly over the last seven days, losing over 9%. Its market cap stood at $146.18 million.
Oluwapelumi is a believer in the transformative power Bitcoin and the blockchain industry holds.
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Bitcoin is a consensus network that enables a new payment system and completely digital money. Learn more
Ethereum is the community-run technology powering the cryptocurrency ether (ETH) and thousands of decentralized applications. Learn More
SushiSwap is an automated market-making (AMM) decentralized exchange (DEX) currently on the Ethereum blockchain. Learn More
Rich Quack is aimed at providing its holders with a chance to make money, by investing, building, holding and winning. Learn More
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Mdex is an automatic market-making decentralized exchange based on the concept of fund pools. Learn More
Sologenic deploys SOLO coins for market-making and liquidity providing. Learn More
Status is a free and open source mobile client targeting Android & iOS built, entirely on Ethereum technologies.. Learn More
TerraUSD is a native Terra stablecoin pegged to the US Dollar.. Learn More
Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner. Learn More
BUSD is a stablecoin issued by Paxos in partnership with Binance.. Learn More
USD Coin (USDC) is a stablecoin fully backed by the US dollar and developed by the CENTRE consortium. Learn More
Klaytn is Kakao’s enterprise-grade, service-centric platform that aims to bring a user-friendly blockchain experience to millions of users. Learn More
ConstitutionDAO is a decentralized autonomous organization formed in November 2021 to purchase an original copy of the United States Constitution. Learn More
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The Voyager app offers a simple and secure way to invest in 100 cryptocurrencies, including Bitcoin, Ethereum, and the widest selection of altcoins in North America. Learn More
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