The global crypto cap has been up by 5.68% from the previous day and has reached $826.26 billion. There is an increase of 2.26% in the global crypto volume which is nearing $64.18 billion. DeFi volume stands at $4.52 billion, which is 7.05% of the total crypto market volume in the last 24 hours. Stable coins stands at $60.67 billion, almost 95% of the total market cap volume in the crypto market.
Bitcoin has seen a 0.20% decrease making its dominance of only 38.46%.The turmoil has been very much evident in the Crypto market following the crash of FTX, one of the leading exchanges in the market. However, some of the exchange is bouncing back as we can see in todays crypto gains.
Top 5 gainers in Crypto market in last 24 hours
Curve Dao (CRV) Price Up By 45%
Curve DAO is the utility token of Curve.fi, a DEFI platform that enables the exchange of ERC-20 tokens and stable coins. In this token, people are in charge as the token is completely non-custodial. The price of Curve DAO (CRV) Token has increased approximately by 45% in the last 24 hours making it reach the price of $0.6566 per token.
2. Ellipsis (EPX) price up by 38.49%
Launched in March 2021 on Binance smart chain, Ellipsis basically allows users to exchange stable coins. Back then it allowed only three types of swapping, now it has 16 different methods. Ellipsis (EPX) is up by 38.49% and the price of each token has outreached $0.0004252. Source: Coinmarketcap
3. Litecoin (LTE) price up by 30%
Litecoin is at a high with each token costing $81.35 a rise of nearly 30%. Its market cap of it is currently at $5.73 billion. Litecoin was created in 2011 on Bitcoins open-source code but with several modifications. Litecoin, too, is an open-source code and is not governed by any central authority.
4. Polymesh is up by 25.72%
Polymesh is built for security tokens and is a layer 1 blockchain. Anyone can access it by just completing a verification process. Polymesh (POLYX) has jumped up to 25.72% taking each token to a price of $0.1663.
5. Dash (DASH) is up by 23.02%
Dash has stood up with a gain of 23.02% costing each token somewhat more than $44. Its current stand in the market is $475.14 million. Launched in 2014, it was initially known as Xcoin. Later rebranded as Darkcoin, it finally came to its current name Dash. Initially designed to ensure privacy and anonymity, its major focus now is to ensure daily transactions with encryption.
Other Altcoins Showing Strength
6. Oredo is up by 21%
Ordeo ensure high chain swaps with ensured security. It is a decentralized layer-2 blockchain. Oredo (QRDO) is tall with one token costing $0.1243, a high of approximately 21%.
7. Unifi Protocol DAO (UNFI) is up by 19.90%
UNFI is soaring with each token costing $4.76, a hike of 19.90%. The market cap is $22.75 million. Unifi Protocol DAO is the multi-chain management token of the Unifi ecosystem. UNFI plays a key role in the Unifi token economy and is listed on major cryptocurrency exchanges as a gateway to the protocol.
8. Injective (INJ) is up by 16.62%
INJ has gained 16.62% in the last 24 hours and its token is at $1.76, with a market cap of $125.56 million. INJ is a layer 2 application built on Cosmos blockchain. It allows users to access cryptocurrencies from platforms like Polkadot and Ethereum.
9. Veracity (VRA) is up by 15.63%
VRA is attaining a profit of 15.63% currently and purchasing one token will cost $0.003072. Verasity (VRA) offers a unique patented Proof of View system, through which it plans to solve the problems of video advertising and NFT fraud. Verasity’s product lines span a variety of industries, but are all built on the Proof of View platform as their backbone. It offers VeraWallet on its blockchain network, on which the VRA token is used as the main currency for participating in the online gaming and video economy.
10. Mask Network is up by 15.05%
With a high of 15.05%, Mask Network (MASK) is at $186.17 million in the market. Each coin is at $2.80. Mask Network allows users of popular social media platforms to send cryptocurrency, interact with decentralized applications, and share encrypted content. For example, the protocol allows users to send encrypted messages and even cryptocurrencies via Twitter.
Will FTX Crash Continue To Impact Crypto prices
The FTX saga continues to impact Bitcoin, however, some of the small tokens have seen a massive jump. Curve DAO is showing great signs of improvement. Litecoin is the most expensive token right now in the top 10 gainers. As some experts mentioned, it will be a rocky week, we are seeing the curves change.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.