Crypto market 22 Oct: downward pressure grows

The cryptocurrency market slightly stable but downside risks are still prevalent after the recent surge as the recent swing movement failed to maintain upward traction in order to reverse the prevailing overall downtrend that may form a medium to long-term direction. Average loss per coin has been roughly 1.91% over this period.

The entire market has almost been closely moving in lockstep with bitcoin which has been used as a guide by traders to make their bets. Crypto markets operate 24/7, setting the stage for price swings at unpredictable hours.

The most popular cryptocurrency is down 4.4% to US $62,730. Ether is trading at US $4,110 (down 1.9%)

Among Top 10 big caps, ChainLinkToken (LINK) is the best performer up 5.7% in 24 hours.

At press time, Top 10 variable-price crypto coins by market cap:

Bitcoin (BTC)$62,730-4.4%$1181B
Ethereum (ETH)$4,110-1.9%$483B
Ripple (XRP)$1.1-4.5%$110B
Binance Coin (BNB)$476-4.9%$79.4B
Cardano (ADA)$2.16-3.1%$70.1B
Solana (SOL)$1894.3%$56.9B
Polkadot (DOT)$43.5-3.7%$48.8B
Dogecoin (DOGE)$0.25-3.6%$32.3B
ChainLinkToken (LINK)$29.25.7%$29.2B
Uniswap (UNI)$26.5-3%$26.5B

Meanwhile, some currencies have shown much extraordinary performance in terms of their volatility during this period.

At press time, here are 10 crypto coins outperforming the market average:

Digitex Futures (DGTX)$0.003843.5%$0.006B
Kin (KIN)$6.0E-536.6%$6.0E-5B
SONM (SNM)$0.3427%$0.0018B
Rune (RUNE)$10.123.8%$2.3B
Aeternity (AE)$0.1413.7%$0.06B
district0x (DNT)$0.1912.8%$0.11B
NEXO (NEXO)$2.310.9%$2.3B
Lisk (LSK)$3.748.6%$0.5B
Ontology gas (ONG)$0.76.9%$0.19B
FunFair (FUN)$0.0225.8%$0.24B

As of press time, these are 10 cryptocurrencies that have underperformed the overall market trend:

Jobchain (JOB)$0.0006-12%$0.06B
SwarmCity (SWT)$0.032-11.2%$0.00028B
Tokenpay (TPAY)$0.07-10.3%$0.0016B
Pundi X (NPXS)$0.001-7.7%$0.26B
CryptoSoul (SOUL)$0.7-7.6%$0.07B
Patientory (PTOY)$0.02-7.5%$0.0014B
Salt (SALT)$0.21-7.4%$0.017B
HEX (HEX)$0.28-7.2%$0.016B
Cartesi (CTSI)$0.8-6.6%$0.31B
Verge (XVG)$0.024-6.2%$0.4B

Risk Warning: Cryptocurrency is a unregulated virtual notoriously volatile asset with a high level of risk.  Any news, opinions, research, data, or other information contained within this website is provided for news reporting purposes as general market commentary and does not constitute investment or trading advice. 

/Public Release. This material from the originating organization/author(s) may be of a point-in-time nature, edited for clarity, style and length. The views and opinions expressed are those of the author(s). View in full here.