Crypto wrap: UNI, LEO up as BTC holds $60k; TRON, MANA, WLD battle bears

Bitcoin failed to hold above $62,000 as the crypto prices continued to battle sell-off pressure in a month that has historically been bullish.

Several altcoins are however likely to mirror BTC’s holding of support near $60k, including Tron (TRX), Worldcoin (WLD) and Decentraland (MANA).

Elsewhere, Uniswap (UNI) and LEO Token (LEO) was the only token among top 100 by market cap to

Here’s a crypto wrap for the market performance and top stories over the past 24 hours.

Crypto top stories

The crypto market outlook has been tinged with a negative bias this week, with spot ETFs seeing net outflows.

HBO’s documentary on identity of Bitcoin creator Satoshi Nakamoto also did little to unravel the mystery, while global geopolitical events, the US election and monetary policy decisions remain key factors.

Top stories today include Trump project World Liberty Financial's proposal for integration with Aave v3, Tron's gasless transactions pilot and Worldcoin's expansion of its World ID to the Dominican Republic.

As Invezz reported, VanEck also launched a $30 million early-stage fund for crypto and AI-focused startups.

Meanwhile, the US has charged 14 individuals and four crypto projects with market manipulation and fraud.

Market wrap

While stocks rose slightly following the release of the Federal Reserve’s minutes, the global crypto market did not.

The total market capitalization was down 3.4% in 24 hours to $2.22 trillion, with global trading volume at $87.5 billion according to data from CoinGecko.

UNI and LEO in green as top 100 coins see red

A look at the top 100 coins by market cap shows most are in the red over the past day.

This includes Bitcoin that’s hovering near $61k with -1.7%.

Uniswap (UNI), up 9% and Bitfinex token LEO (LEO) that traded 2% up in 24 hours at the time of writing are the only coins in green among top 100.

However, beyond that, one of the skyrocketing tokens is Prosper (PROS), which is benefiting from institutional interest in its Bitcoin mining related coin.

MANA, TRON, WLD price outlook

Decentraland

The price of Decentraland (MANA) continued to drop on Oct. 10 despite the metaverse game platform announcing plans to unveil a desktop client.

MANA reached $0.27 and was down 2.5% as sell-off pressure from across the market hit.

However, with the new client boasting virtual reality functionalities and other enhancements, it’s possible a flip in broader market conditions could align with an uptick in performance.

A public beta for the desktop client is scheduled to live on October 22, 2024.

Worldcoin

Worldcoin (WLD) price was also down 6% at the time of writing.

The WLD token traded at around $1.74, down from highs of $2.03 on Oct. 7.

Despite the declines, Worldcoin remains above October lows of $1.56 and has support around $1.40.

Meanwhile, the Worldcoin team has expanded the project’s World ID verification to another country - the Dominican Republic.

This adds to recent launches across Latin America and Europe.

TRON

Justin Sun’s Tron revealed the platform’s plans to create a gas-free transfers solution in July.

On Thursday, the project announced it was teaming up with stablecoin platform El Dorado to bring the gasless transfers to users in Latin America.

The pilot will see users withdraw USDT on TRON to external wallets via El Dorado with no gas fees.

TRON (TRX) price has been in uptrend over the past three months.

However, it’s struggled in the past 24 hours and currently hovers below $0.16.

Although bears might push TRX to support at $0.157, its likely bulls will retake control amid latest network developments.