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    CryptoSlate Daily wMarket Update– Nov. 2: Polygon stands apart amongst level big caps

    Justin DoomBy Justin Doom03.11.2022Updated:03.11.2022No Comments4 Mins Read
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    The wMarket Update condenses one of the most vital rate motions in the crypto markets over the last 24-hour, released 07:45 ET on weekdays.

    CryptoSlate Daily wMarket Update – Nov. 2: Polygon stands out among flat large caps

    Over the last 24-hour, the cryptocurrency market cap saw internet inflows of $4.6 billion to $1,009.4 billion from $1,004.8 billion since press time– up 0.5%.

    Throughout the coverage duration, Bitcoin’s market cap dropped 0.8% to $389.2 billion from $392.3 billion. At the same time, Ethereum’s market cap boosted by 0.3% to $190.4 billion from $189.8 billion.

    The leading 10 cryptocurrencies were greatly level over the last 24-hour. The exemptions were Polygon– up 13.6% as a result of information of partnering with Meta/Instagram– as well as BNB, which expanded 4.6%.

    CryptoSlate Daily wMarket Update – Nov. 2: Polygon stands out among flat large caps

    Resource: CryptoSlate.com

    The marketplace cap of USD Coin (USDC) boosted to $42.6 billion, while Tether (USDT) as well as BinanceUSD (BUSD) stayed greatly level at $69.4 billion as well as $21.7 billion, specifically.

    Bitcoin

    Over the last 24-hour, Bitcoin traded fairly level, down 0.6% to $20,296 since 07:00 ET. Its market prominence lowered to 38.6% from 39.0%.

    Throughout the coverage duration, BTC experienced volatility as a result of the FOMC news of a 4th 75 basis factor rise in united state rates of interest. A regional top of $20,700 was gotten to on the price choice, causing a sharp decline that discovered assistance at $20,050.

    CryptoSlate Daily wMarket Update – Nov. 2: Polygon stands out among flat large caps

    Resource: TradingView.com

    Ethereum

    Over the last 24-hour, Ethereum boosted 0.05% to $1,548 since 07:00 ET. Its market prominence was up to 18.7% from 18.9% since press time.

    ETH’s rate activity over the coverage duration mirrored BTC’s. A regional high of $1,621 was adhered to by a sharp decline that retested $1,502 assistance two times prior to trending upwards.

    CryptoSlate Daily wMarket Update – Nov. 2: Polygon stands out among flat large caps

    Resource: TradingView.com

    Leading 5 Gainers

    NKN

    NKN is today’s most significant gainer, up 60% to $0.14188 since press time. The peer-to-peer blockchain network leapt late the other day night; the reason is unidentified right now. Its market cap stood at $99.31 million.

    Arweave

    AR saw 59.6% gains over the last 24-hour to trade at $15.9967. The decentralized storage space procedure partnered with Meta for NFT storage space. Its market cap stood at $534.21 million.

    Mask Network

    MASK expanded by 52.8% to $5.61092 in the last 24-hour. The token proceeds climbing up after being the most significant gainer on Nov. 1. The seven-day modification is available in at +331%. Its market cap stood at $163.45 million.

    API3

    API3 obtained 23.4% in the last 24-hour to trade at $2.19129 at press time. The decentralized API procedure is up 27.9% over the previous month. Its market cap stood at $123.91 million.

    ConstitutionDAO

    individuals increased 19.8% in the last 24-hour to $0.02627 since press time. The experiment to get a duplicate of the united state Constitution stopped working, as well as the task was liquified. It’s uncertain why the token increased. Its market cap stood at $132.95 million.

    Leading 5 Losers

    Chain

    XCN is today’s most significant loser, sinking 14.1% to trade at $0.05329 at press time. The cloud facilities system is down 26.5% over the previous month. Its market cap stood at $1.14 billion.

    HEX

    HEX is down 6.8% to trade at $0.04040 at the time of press. In spite of today’s losses, the questionable deposit slip procedure is still up 16% over the previous week. Its market cap stood at $7.01 billion.

    Sologenic

    SOLO dropped 5.7% over the coverage duration to $0.32514. The liquidity procedure expanded 110% over the last one month. Its market cap stood at $130.04 million.

    Creditcoin

    CTC tape-recorded a 5.6% loss over the last 24-hour to trade at $0.53037 since press time. The associate & & web content advertising and marketing procedure expanded 33.7% over the previous month regardless of today’s loss. Its market cap stood at $109.92 million.

    Bow Financing

    RBN dropped 5.3% to $0.33612 over the coverage duration. Its market cap stood at $192.27 million.

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    Justin Doom
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    Justin is US News Editor at Cryptomag and manages the site on weekends. He's a former editor at ABC News, former reporter at Bloomberg, and former contributor to The Atlantic, Sports Illustrated, and the Arizona Republic. He taught journalism at Arizona State University and was a Knight-Bagehot Fellow at the Columbia University Graduate School of Journalism.

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