Polygon maintains bullish run of form

wMarket Update

Over the last 24 hours, the cryptocurrency market cap saw net inflows of $21.2 billion to $1,030.6 billion from $1,009.4 billion as of press time — up 2.1%.

During the reporting period, Bitcoin’s market cap grew 1.7% to $395.8 billion from $389.2 billion. Meanwhile, Ethereum’s market cap increased by 2% to $194.3 billion from $190.4 billion.

The top 10 cryptocurrencies posted gains over the last 24 hours, except Dogecoin, which is down 10.4% due to news that Twitter is being sued for failing to provide sacked workers with sufficient notice. Polygon leads the large caps thanks to partnering with Meta for NFTs, growing 14.9% over the period.

The market caps of Tether (USDT) and BinanceUSD (BUSD) stayed largely flat at $69.4 billion and $21.7 billion, respectively. USD Coin (USDC) saw a decrease to $42.7 billion.

Bitcoin

Over the last 24 hours, Bitcoin posted marginal gains of 1.6% to $20,604 as of 07:00 ET. Its market dominance decreased to 38.4% from 39.0%.

During the reporting period, BTC began moving higher during Thursday evening to peak at $20,700 during the early hours of today. Price action has since traded largely flat.

Ethereum

Over the last 24 hours, Ethereum increased 2.3% to $1,581 as of 07:00 ET. Its market dominance fell slightly to 18.8% from 18.9% as of press time.

ETH’s price movement over the reporting period mirrored BTC’s. A pump on Thursday evening set off an uptrend that peaked at $1,600. Bears have since applied pressure to stop a continuation higher. However, the majority of gains made over the last 24 hours have been retained.

Top 5 Gainers

Band Protocol

BAND is today’s biggest gainer, up 108.6% to $3.24465 as of press time. The decentralized oracle protocol continues its phenomenal run – up 190% over the last week. Its market cap stood at $114.19 million.

Loopring

LRC’s value grew by 29.2% to $0.35424 in the last 24 hours. Its market cap stood at $471.19 million.

OKB

OKB saw 24.1% gains over the last 24 hours to trade at $20.3656. The utility token of the OK Blockchain Foundation saw a strong spike early Thursday evening (UTC). Its market cap stood at $1.22 billion.

Fantom

FTM gained 4.2% in the last 24 hours to trade at $0.27929 at press time. The DeFi protocol was boosted by rumors of the return of Andre Cronje. Its market cap stood at $710.79 million.

Basic Attention Token

BAT rose 7.2% in the last 24 hours to $0.32188 as of press time. The digital…