The cryptocurrency market remains volatile, with fluctuations between established coins and new assets. On October 18, top cryptocurrencies like Bitcoin, Ethereum, and Tether are showing a mix of gains and losses. Here is a summary of how the top 10 cryptocurrencies are performing today.
Price: $67,707.94
Change: +0.62%
24h Vol.: $36.33B
Market Capitalization: $1.34T
Category: Currency
Bitcoin, the world's first cryptocurrency, is also enjoying positive sentiment, having risen by 0.62%. This means that this type of rallying behaviour is boosting the investors' confidence levels, at $1.34 trillion.
Price: $2,614.36
Change: -0.53%
24-h volume: $14.88B
MCap: $314.74B
Category: Smart Contract Platform
Ethereum, the second-largest crypto, declined by 0.53%. The most recent price correction may be the market equalization as the number of dApps and NFTs is on the rise.
Price: $594.14
Change: -1.26%
24hr Trading Vol: $673.95M
Market Cap: $86.68B
Category: Smart Contract Platform
BNB, the native coin of Binance's blockchain ecosystem, was down by 1.26%. However, BNB continues to ride on the wide adoption of Binance Smart Chain (BSC) for DeFi applications and token issuances.
Price: $152.36
Change: -0.64%
24hr Trading Vol: $2.84B
Market Cap: $71.59B
Category: Smart Contract Platform
Solana declined by 0.64%. Despite this, it still attracts developers due to its high throughput and low transaction costs. It remains a key player in smart contracts with a daily trading volume of over $2.84 billion. Solana competes directly with Ethereum for dApp development.
Price: $0.54273715
Change: -2.85%
24hr Trading Volume: $1.60B
Market Capitalization: $30.78B
Category: Currency
XRP fell by 2.85%, which may be attributed to the persistent challenges that hit the regulatory levels. Despite its legal challenges, XRP is still relevant for cross-border payments and it will continue to be a strong player in the market mainly because of low transaction costs, as well as speedy settlement times.
Price: $0.13156478
Change: +6.15%
24-Hour Trading Volume: $1.88B
Market Capitalization: $19.26B
Category: Currency
Dogecoin, the meme cryptocurrency, is up 6.15% and exhibits some community stalwart support and speculation thrust. The utility is questionable, but it certainly puts on display no price action built around it and especially after recent payment space partnerships and integrations.
Price: $0.15899944
Change: -0.64%
24-Hour Trading Volume: $331.46M
Market Capitalization: $13.76B
Category: Smart Contract Platform
Tron has had a modest decline of 0.64%, with a trading volume of $331.46 million. It is also known for its decentralized content-sharing platform, but the integration with DeFi and NFT is at a relatively slow pace as compared to other newer platforms like Solana and Avalanche.
Price: $5.18
Change: -0.38%
24-Hour Trading Volume: $278.81M
Market Capitalization: $13.16B
Category: Smart Contract Platform
Toncoin fell by a small 0.38% to its current state but still holds an important place in the Telegram ecosystem. Since it is the token for the Open Network (TON), Toncoin is increasingly used for decentralized services. Its unique positioning might help accelerate growth in the future.
Price: $0.34548383
Change: -1.63%
24-Hour Trading Volume: $324.59M
Market Capitalization: $12.34B
Category: Smart Contract Platform
Cardano depreciated by 1.63%, continuing on a slow recovery trajectory following recent network upgrade implementations. Nevertheless, Cardano remains among the smart contract fighters to break into long-term growth by focusing on scalability and peer-reviewed research.
Price: $27.45
Change: -1.41%
24-Hour Trading Volume: $284.70M
Market Capitalization: $11.17B
Category: Smart Contract Platform
Avalanche fell by 1.41% while remaining an ecosystem of quick development and one of the more innovative consensus mechanisms that have a great capacity for attracting developers. While integrated with serious DeFi projects, such integration does help position it as one of the stronger contenders to dethrone Ethereum.
On October 18, 2024, the cryptocurrency market shows mixed results. Bitcoin and Dogecoin are rising. However, Ethereum and Cardano are seeing price corrections. The major stablecoins, Tether and USDC, maintain their positions due to strong liquidity and stability.