{"id":7890,"date":"2022-10-17T08:45:34","date_gmt":"2022-10-17T08:45:34","guid":{"rendered":"http:\/\/www.cryptoheretostay.com\/?p=7890"},"modified":"2022-10-17T08:45:36","modified_gmt":"2022-10-17T08:45:36","slug":"markets-trade-flat-but-quant-posts-impressive-23-gain","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=7890","title":{"rendered":"Markets trade flat but Quant posts impressive 23% gain"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n   <\/p>\n<p>The total cryptocurrency market cap saw net outflows of $17.72 billion since the last wMarket report. As of press time, the total crypto market cap stood at $923.91 billion, down 1.9% since Oct. 13.<\/p>\n<p>Bitcoin\u2019s market cap fell 2.8% over the reporting period to $369.27 billion from $380 billion. Similarly, Ethereum\u2019s market cap fell 1.7% to $160.08 billion from $162.85 billion.<\/p>\n<p>The top 10 cryptocurrencies posted marginal gains over the last 24 hours. The exception is XRP, which saw 3.2% losses. Meanwhile, Ethereum leads the large caps, growing almost 2% over the reporting period.<\/p>\n<p>Source: CryptoSlate.com<\/p>\n<p>The market caps of Tether (USDT) and BinanceUSD (BUSD) traded relatively flat over the last 24 hours at $68.4 billion and $21.6 billion, respectively. Meanwhile, USD Coin\u2019s (USDC) market cap sees a marginal outflow, losing $0.36 billion to $45 billion.<\/p>\n<h2>Bitcoin<\/h2>\n<p>Since Oct. 14, Bitcoin fell 2.6% to trade at $19,278 as of press time. Its market dominance fell slightly to 40% over the reporting period.<\/p>\n<p>A sharp sell-off triggered by hotter-than-expected CPI inflation data on Oct. 13 led to a strong recovery that topped out at $19.960 on Friday at 02:30 (UTC).<\/p>\n<p>The ensuing drawdown found support at around $19,000, with the weekend price action grinding along this zone until Sunday evening (UTC), when a 1% upside swing occurred. This was soon sent tumbling to previous support as bears took control.<\/p>\n<p>Source: TradingView.com<\/p>\n<h2>Ethereum<\/h2>\n<p>Over the reporting period, Ethereum\u2019s price fell 1.2% to trade at $1,309 as of press time. Its market dominance remained at 17.3%.<\/p>\n<p>Ethereum strongly mirrored Bitcoin, including the CPI inflation recovery on Friday morning (UTC). ETH price action topped out at $1,344 on Friday afternoon.<\/p>\n<p>The subsequent drawdown bottomed at $1,263 on Oct. 16 at 00:00 (UTC). Like BTC, ETH saw a sharp uptick of 1.6%. However, bears knocked the gain down, with price action forming a V-shaped pattern on the 15-minute chart.<\/p>\n<p>Source: TradingView.com<\/p>\n<h2>Top 5 Gainers<\/h2>\n<h3>Quant<\/h3>\n<p>QNT is today\u2019s top gainer, rising 23% over the reporting period to trade at $225.787 as of press time. The asset continues its positive run of form, growing 105% over the last 30 days. Its market cap stood at $2.73 billion.<\/p>\n<h3>Energy Web Token<\/h3>\n<p>EWT grew 17% over the last 24 hours to trade at $4.44378. The past week has seen bullish price action, growing 19% over this period. Its market cap stood at $133.59 million.<\/p>\n<h3>Casper<\/h3>\n<p>CSPR gained 16% over the last 24 hours to trade at $0.04854 as of press time. The enterprise-focused blockchain is up over 36% in the last week. Its market cap stood at $506.12 million.<\/p>\n<h3>Reef<\/h3>\n<p>REEF rose 11% over the past day to trade at $0.00681 at the time of publishing. The token has been on the rise, increasing 28% over the past month. Its market cap stood at $138.27 million.<\/p>\n<h3>Function X<\/h3>\n<p>FX gained 10% over the reporting period, trading at $0.24922 as of press time. Its market cap stood at $101.81 million.<\/p>\n<h2>Top 5 Losers<\/h2>\n<h3>Request Network<\/h3>\n<p>REQ is today\u2019s biggest loser, shedding 27% in the last 24 hours to trade at $0.11411 as of press time. Its market cap stood at $114.09 million.<\/p>\n<h3>Sologenic<\/h3>\n<p>SOLO lost 11% over the past 24 hours to trade at $0.34029 at the time of publishing. The liquidity protocol has experienced choppy price action over the past week. Its market cap amounted to $136.1 million.<\/p>\n<h3>Acala Token<\/h3>\n<p>ACA lost 9% over the reporting period to trade at $0.17839 as of press time. The Polkadot-based DeFi network is down 30% over the past month. Its market cap stood at $94.42 million.<\/p>\n<h3>TerraUSD<\/h3>\n<p>USTC posted 5% losses over the past 24 hours to trade at $0.04076 as of press time. Despite re-peg attempts, the token continues to trade significantly below its peg price. Its market cap stood at $399.82 million.<\/p>\n<h3>Decentralized Social<\/h3>\n<p>DESO recorded a 4% loss over the last 24 hours to trade at $15.8716 as of press time. The social network is up over 130% over the past month, but the past week has seen a downtrend. Its market cap stood at $141.01 million.<\/p>\n<h2>Get an Edge on the Crypto Market \ud83d\udc47<\/h2>\n<p>Become a member of CryptoSlate Edge and access our exclusive Discord community, more exclusive content and analysis.<\/p>\n<p>  <strong>On-chain analysis<\/strong><\/p>\n<p>  <strong>Price snapshots<\/strong><\/p>\n<p>  <strong>More context<\/strong><\/p>\n<p> Join now for $19\/month Explore all benefits<br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/cryptoslate-daily-wmarket-update-oct-14-16-markets-trade-flat-but-quant-posts-impressive-23-gain\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The total cryptocurrency market cap saw net outflows of $17.72 billion since the last wMarket report. As of press time, the total crypto market cap stood at $923.91 billion, down 1.9% since Oct. 13. Bitcoin\u2019s market cap fell 2.8% over the reporting period to $369.27 billion from $380 billion. Similarly, Ethereum\u2019s market cap fell 1.7% [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7891,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-7890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/7890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7890"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/7890\/revisions"}],"predecessor-version":[{"id":7892,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/7890\/revisions\/7892"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/7891"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}