What’s been mooning, what’s been shaking (quivering, even) in the volatile cryptoverse as we head into the weekend? Let’s find out…

On a day when Reddit (one of the biggest social platforms for crypto investors) announced it’s going public with an IPO, the crypto market is chopping down… and back up… and sideways.

Uncertainty, and no small amount of fear, is still ruling sentiment for now. A decent pump and a resistance line or two turned back into support on the charts (US$53k BTC seems to be one to watch), and things could yet change very quickly.

At the time of writing, the entire cryptocurrency market cap is down 4.2 per cent, and sitting around US$2.29 trillion, give or take a few hundred billion dollars.

 

Top 10 overview

Here’s the state of play in the top 10 by market cap at press time, according to CoinGecko data. (Of course, the usual caveat: this could be quite different by the time you read this.)

CoinGecko.com

As you can see from above, the top 10’s biggest action right now is happening at the tail-end of the list.

Moving up a notch since this time yesterday, Avalanche (AVAX) continues its surge. And it seems the influential Andre Cronje, a noted DeFi architect within the Fantom (FTM) ecosystem and the creator of yearn.finance (YFI), is a fan of the smart-contract protocol du jour…

As for rival layer 1 platform Polkadot (DOT), there’s no reason we can see as to why it should be losing ground at present. As with all top cryptos right now, HODLers might just need to remain patient.

Moving on to Bitcoin (BTC)… it’s been chopping about like a sushi chef on speed today. A short time ago it was down around US$45,700, and at present we’re in $47k territory again.

Bullish or bearish? It seems that opinions among traders and analysts are more divided than ever right now…

 

Zoom out, or zoom in? As trader Roman infers above, prioritising risk management might not be a bad shout. That way you can feel more comfortable zooming out…

 

Winners and losers: 11–100

Sweeping a market-cap range of about US$25 billion to US$1 billion in the rest of the top 100, let’s find some of the biggest 24-hour gainers and losers – at press time.

DAILY PUMPERS

• Arweave (AR), (market cap: US$1.6b) +11%

Convex Finance (CVX), (mc: US$1.37b) +7%

Curve (CRV), (mc: US$1.68b) +7%

Helium (HNT), (mc: US$3.5b) +6%

Celo (CELO), (mc: US$1.46b) +5%

 

DAILY SLUMPERS

• Near (NEAR), (market cap: US$5.06b) -11.5%

Kadena (KDA), (mc: US$1.86b) -10%

Olympus (OHM), (mc: US$2.05b) -10%

Elrond (EGLD), (mc: US$5.44b) -8.5%

Tezos (XTZ), (mc: US$3.73b) -7.5%

 

Lower-cap winners and losers

Moving below the crypto unicorns (in some cases well below), just a small selection catching our eye…

DAILY PUMPERS

• yearn.finance (YFI), (market cap: US$997m) +21%

Contentos (COS), (mc: US$110m) +20%

• Mithril (MITH), (mc: US$45.5m) +19%

 

DAILY SLUMPERS

• Victoria VR (VR), (market cap: US$262m) -16%

TronPad (TRONPAD), (mc: US$55.7m) -16%

Clover Finance (CLV), (mc: US$171m) -14%

With Clover Finance having just won the fifth slot in the highly coveted Polkadot ecosystem parachain auctions, this appears to be a classic case of “sell the news” for traders tooling around with CLV.