Crypto market 16 Oct: 4.3% rally with upside potential

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Crypto market continues to push higher across the board on the back of bullish sentiment and risk-off trading. The overall market-wide upward traction has been remarkable with an average gain of 4.26% in the past 24 hours.

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.

Bitcoin is trading at US $61,550. Second largest digital token ether is up 4.2% to US $3,940.

Among Top 10 big caps, Polkadot (DOT) is the best performer up 8.1% in 24 hours.

As of press time, Top 10 free-floating cryptocurrencies over the day:

Crypto USD 24H Cap
Bitcoin (BTC) $61,550 3.8% $1159B
Ethereum (ETH) $3,940 4.2% $463B
Ripple (XRP) $1.16 4.1% $116B
Binance Coin (BNB) $480 4.4% $80.7B
Cardano (ADA) $2.23 3.4% $72.2B
Polkadot (DOT) $43.2 8.1% $48.5B
Solana (SOL) $148 -0.3% $44.5B
Dogecoin (DOGE) $0.24 6% $31.7B
ChainLinkToken (LINK) $28 5.9% $28B
Uniswap (UNI) $26.5 3% $26.5B

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

The list of Top 10 cryptos that are doing much better than the market over the day:

Crypto USD 24H Cap
district0x (DNT) $0.18 20.9% $0.11B
Aeternity (AE) $0.13 19% $0.049B
Rune (RUNE) $8.46 10.9% $1.9B
STORJ (STORJ) $1.4 10.6% $0.6B
Komodo (KMD) $1.11 9.8% $0.14B
Stellar (XLM) $0.39 9.6% $19.5B
Origin Protocol (OGN) $0.9 9.6% $0.9B
Band Protocol (BAND) $8.67 8.8% $0.9B
Reserve Rights (RSR) $0.036 8.6% $3.6B
Polkadot (DOT) $43.2 8.1% $48.5B

10 underperforming cryptocurrencies over the past 24 hour period:

Crypto USD 24H Cap
SwarmCity (SWT) $0.035 -25% $0.0003B
Kin (KIN) $4.3E-5 -19.1% $4.3E-5B
NOW Token (NOW) $0.07 -12.7% $0.005B
Salt (SALT) $0.24 -11.6% $0.02B
Jobchain (JOB) $0.0006 -10% $0.06B
Aave (LEND) $3.13 -6.3% $0.17B
Loopring (LRC) $0.43 -5.9% $0.6B
HEX (HEX) $0.34 -5.7% $0.02B
Dentacoin (DCN) $2.5E-5 -4.9% $0.014B
Hydro (HYDRO) $0.019 -4.8% $0.0014B

/Public Release. This material comes from the originating organization/author(s)and 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.

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