CryptoSlate Daily wMarket Update: Dogecoin, Shiba Inu Post Gains Amid Flat Top 10 Performance


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The cryptocurrency market capitalization saw net outflows of $640 million in the last 24 hours and currently sits at $991.48 billion, down 0.07% from $992.12 billion.

During the reporting period, Bitcoin’s market capitalization decreased by 0.24% to $409.29 billion, while Ethereum’s market capitalization rose to $193.19 billion, up 0.39%.

The top 10 cryptocurrencies posted losses during the reporting period, except for Bitcoin, Dogecoin, and Shiba Inu, which posted gains.

Solana registered a loss of 4.95%, while DOGE and SHIB gained 2.65% and 18.85%, respectively.

wMarket update
Source: CryptoSlate.com

Tether (USDT) market capitalization surged to $66.50 billion in the past 24 hours. The market capitalizations of USD Coin (USDC) and BinanceUSD (BUSD) declined to $43.50 billion and $16.10 billion, respectively.

Bitcoin

BTC gained 0.01% to trade at $21,185 at 07:00 ET. Its market dominance remained stable at 41.2%.

In the last 24 hours, Bitcoin continued to trade above $21,000, peaking at $21,438 and bottoming out at $21,120.

CryptoSlate wMarket Update
Source: Tradingview

Ethereal

Ethereum fell 0.57% in the last 24 hours to trade at $1,577 at 07:00 ET. Its market dominance increased from 19.3% to 19.5%.

ETH traded close to $1600 in the last 24 hours. The digital asset peaked at $1,594 and dipped as low as $1,568.

CryptoSlate wMarket Update
Source: Tradingview.com

Top 5 Winners

Galxe

GAL is the biggest gainer of the day, up 21.51% over the reporting period to $1.8774 at press time. The Ethereum-based content creation token has enjoyed a bullish start to 2023, surging more than 50% in the past seven days. Its market capitalization stood at $101.42 million.

stem

STEEM gained 19.38% in the last 24 hours to trade at $0.27. The token is up more than 40% in the last 30 days. Its market capitalization stood at $92.35 million.

Shiba Inu

SHIB rose 18.85% during the reporting period to $0.00001 at press time. The meme coin has enjoyed renewed interest following news of its Layer-2 Shibarium network. Its market capitalization stood at $6.76 billion.

Symbol

XYM posted gains of 11.76% during the reporting period, trading at $0.044 at press time. The value of the token has increased by more than 40% in the last 30 days. Its market capitalization stood at $247.96 million.

Casper

CSPR is up 8.93% in the last 24 hours to $0.038 at press time. Its market capitalization stood at $412.76 million.

top 5 losers

MediBloc

MED is the biggest loser of the day, falling 16.99% to $0.015 at press time. The healthcare-related blockchain network has lost all the gains it made on January 17. Its market capitalization stood at $98.53 million.

FTX tab

FTT is on the top losers list for the second day in a row, down 12.99% over the reporting period to $1.94. FTX still holds a substantial amount of its native token, according to recent court documents. Its market capitalization stood at $645.21 million.

Serum

SRM is another FTX-related token on the list of top losers. The DEX token fell 11.99% in the last 24 hours to $0.409. A court filing showed that bankrupt exchange FTX held $1.9 billion of the token as of when it filed for bankruptcy. Its market capitalization stood at $107.88 million.

Limit

T is back among the top losers after falling 9.28% in the past 24 hours to $0.021 at press time. The token started strong in 2023, posting gains of over 25% over the previous seven days. Its market capitalization stood at $180.33 million.

Optimism

OP is down 7.88% over the reporting period to $1,705 at press time. Layer 2 network token increased 77% in the last 30 days. Its market capitalization stood at $400.34 million.

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