CryptoSlate wMarket Daily Update: AI Narrative Holds Strong as SingularityNet Leads Top Gainers


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The cryptocurrency market capitalization saw net inflows of $5.61 billion in the last 24 hours and currently stands at $857.72 billion, up 0.7% from $852.11 billion.

Bitcoin’s market capitalization increased 1% to $335.83 billion from $332.23 billion, while Ethereum’s market capitalization grew 0.4% to $163.4 billion from $162.6 billion during the reporting period.

Over the past 24 hours, the top 10 cryptocurrencies have posted mixed performance. XRP leads the pack with gains of 3.7%. Meanwhile, Cardano brings up the rear, posting a 1% loss in value.

Top 10 Cryptocurrencies
Source: CryptoSlate.com

Since the last report, the market capitalizations of Tether (USDT) and BinanceUSD (BUSD) saw an increase to $66.28 billion and $16.42 billion, respectively. By contrast, USD Coin (USDC) posted a slight decline to $43.8 billion.

Bitcoin

Over the past 24 hours, Bitcoin rose 1% to trade at $17,438 at 07:00 ET. Its market dominance grew slightly from 39% to 39.2%.

The leading cryptocurrency peaked at $17,510 on Tuesday night (ET) before the resulting decline found support at $17,367.

bitcoin chart
Source: TradingView.com

Ethereal

Ethereum rose 0.4% in the last 24 hours to trade at $1,335 at 07:00 ET. Its market dominance remained stable at 19.1%.

Over the last 24 hours, ETH recorded a price high of $1,348 late on Tuesday lunchtime (ET). The resulting recession found support at $1,327 on two occasions, before rising marginally.

ethereum chart
Source: TradingView.com

Top 5 Winners

SingularityNet

AGIX is today’s top gainer, up 33.9% in the last 24 hours to $0.09218 at the close of this edition. Artificial intelligence director Matt Iklé recently updated on progress, including advancements in OpenCog Hyperon technology. Its market capitalization stood at $106.32 million.

traveler file

VGX rose 31.1% to trade at $0.41866 at the close of this edition. Court approval was granted for the Binance acquisition. Your market capitalization stood at $116.59 million.

has been able to recover

FET gained 21.7% during the reporting period to trade at $0.19050 at the close of this edition. No new fundamental developments have been observed, but AI-related projects are generally on an upward trend. Its market capitalization stood at $156 million.

That is to say

ERG grew 15.5% in the last 24 hours to $1.64512. Its market capitalization stood at $96.47 million.

credit currency

CTC rose 12.5% ​​to $0.55543 at the close of this edition. Its market capitalization stood at $115.12 million.

top 5 losers

fit

APT is the biggest loser of the day, falling more than 8.3% to $5.22091 at the close of this edition. The token was the top gainer on Tuesday, suggesting that today’s selloff was the result of profit taking. Its market capitalization stood at $678.72 million.

IoTeX

IOTX decreased 7.7% to $0.02437 at the close of this edition. Its market capitalization stood at $229.61 million.

Lido CAD Token

LDO lost 7.4% during the reporting period to trade at $1.85086 at the close of this edition. Despite today’s drawdown, the token is still up 77.4% over the past month. Your market capitalization stood at $1.53 billion

FTX Tab

FTT fell 7.3% during the reporting period to $1.19498. The token has skyrocketed recently, up 24.3% over the last week, for unknown reasons. Its market capitalization stood at $393.02 subwayillion

Gala

GALA decreased 3.9% to $0.03897 Yoin the last 24 hours. The project is in full swing after a number of positive developments, including the move to mobile gaming. GALA grew 117% during the last week. Its market capitalization stood at $271.88 million.

Published in: Bitcoin, Wrapped

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