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Maker and dYdX became the most profitable cryptocurrencies for the day
Amid the collapse of the global cryptocurrency market, there were virtual assets that continued to bring their owners short-term profits. Today, November 10, several cryptocurrencies from the decentralized finance (DeFi) sector showed good results in terms of profitability — Maker (MKR) and dYdX (DYDX) managed to add more than 10% in value over the day.
The leader of the day was - the cryptocurrency’s quotes rose by 19.54%. At the time of writing, the virtual asset is worth $ 780.33. The market capitalization has risen to $ 703.3 million, and traders have secured transactions with the virtual coin worth $ 8.718 million.
As for the native token of the decentralized exchange DYDX $0.12 dYdX -0.04% Market capitalization $0.1 billion VOL. 24 hours $735.63 thousand , its value has soared by 15.35% over the past 24 hours. The asset is trading for $ 1.53, and the total supply of coins on the market is $ 206.42 million.
The project also pleased its investors, whose token has become more expensive by 7.36% in 24 hours. Its quotes were fixed at $ 0.26, and the total supply of coins circulating on the market amounted to $ 357.63 million.
However, not all products from the decentralized finance sector have pleased their investors. Thus, the cryptocurrency KAVA $0.05 Kava 0.82% Market capitalization $49.2 million VOL. 24 hours $371.78 thousand lost 13.09% of its value over the past day. Its quotes dropped to $ 0.91, and its capitalization froze at $ 303 million, leaving it barely in the top 100 list.
The flagship asset continues to fall — over the past day, BTC $80,068.07 Bitcoin 1.97% Market capitalization $1.61 trillion VOL. 24 hours $1.35 billion fell by another 7%. As for the capitalization of the entire cryptocurrency market, it dropped to $ 829.10 billion, losing 2.90% over the past day. At the moment, ETH $2,497.77 Ethereum 1.32% Market capitalization $301.43 billion VOL. 24 hours $0.89 billion is showing growth — at the time of writing, the main altcoin is worth $ 1285.