CryptoSlate Daily wMarket Update: Solana maintains positive start to 2023 with green trading CryptoSlate Daily wMarket Update: Solana maintains positive start to 2023 with green trading
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
2 min read
Updated: Jan. 3, 2023 at 12:43 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The cryptocurrency market cap saw minor net inflows of around $740 million over the past 24 hours and currently stands at $807.70 billion โ up 0.07%.
Bitcoin and Ethereumโs market caps decreased by 0.01% to $322.15 billion and 0.15% to $148.80 billion, respectively.
The top 10 cryptocurrencies traded flat during the last 24 hours, with the majority posting gains of less than 1%. BTC and ETH posted minor losses of 0.01% and 0.11%, respectively.
Over the reporting period, the market cap of Tether (USDT) remained flat at $66.24 billion, whileย USD Coin (USDC) marginally increased to $44.72 billion. BinanceUSD (BUSD) dropped to $16.43 billion.
Bitcoin
Over the last 24 hours, Bitcoin fell 0.01% to trade at $16,735 as of 07:00 ET. Its market dominance stayed flat at 39.9%.
BTC traded above $16,600 over the last 24 hours. The flagship digital asset peaked at $16,760 over the reporting period.
Ethereum
Ethereum declined 0.11% over the last 24 hours to trade at $1,215 as of 07:00 ET. Its market dominance fell to 18.4%.
Like BTC, ETH mostly traded flat above $1200 in the last 24 hours. After bottoming at $1212 around yesterday evening, it maintained its flat trading range into the early trading hours of today.
Top 5 Gainers
JasmyCoin
JASMY is the day’s top gainer. It rose by 15.54% in the last 24 hours to
Kava
KAVA increased by 9.56% over the reporting period to $0.60192. Its market cap stood at $220.97 million.
Solana
SOL is on the top gainer’s list for the second consecutive day. The token roseย 8.54% in the last 24 hours to $11.94. Its market cap stood at $4.39 billion.
Flow (Dapper Labs)
FLOW gained 7.72% over the reporting to trade at $0.72 as of press time. Its market cap stood at $746.21 million.
Lido DAO Token
LDO continues its impressive price performance, growing by 7.51% in the last 24 hours to $1.24. Its market cap stood at $1.02 billion.
Top 5 Losers
Kaspa
KASPA is the day’s biggest loser, declining by 7.77% over the reporting period to $0.00486. Its market cap stood at $76.02 million.
Energy Web Token
EWT declined by 6.47% to $2.84 as of press time. Its market cap stood at $85.48 million.
Toncoin
TON fell 6.13% in the last 24 hours to $2.16. It was unclear why the Telegram-backed token was experiencing a sell-off. Its market cap stood at $2.64 billion.
MAGIC
MAGIC dropped by 4.02% to $0.50 as of press time. The NFT_related token has declined by over 17% in the last 30 days. Its market cap stood at $103 million.
Horizen
ZEN plunged 3.78% to $9.12. Its market cap stood at $120.59 million
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Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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In this article
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Ethereum
$3,330.52
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Solana
$257.600
Solana is a high-performance blockchain platform that utilizes a unique consensus algorithm called “Proof of History” to achieve fast transaction speeds and low fees.
Kava
$0.45933
Kava is a lightning-fast Layer-1 blockchain featuring a developer-optimized co-chain architecture that combines the two most used permissionless ecosystems – Ethereum and Cosmos – into a single, scalable, network.
Flow
$0.71512
Flow is a fast, decentralized, and developer-friendly blockchain, designed as the foundation for a new generation of games, apps, and the digital assets that power them.
JasmyCoin
$0.02019
JasmyCoin (JASMY) is a digital currency initiative by Jasmy Corporation, an IoT (Internet of Things) provider headquartered in Tokyo.
Horizen
$8.47053
Horizen is an inclusive ecosystem where everyone is empowered and rewarded for their contributions.
Treasure
$0.41993
Treasure is the decentralized video game console connecting games and communities together through bottom-up driven IP and infrastructure, unified through a common set of composable resources.
TON
$5.49740
TON is a third-generation proof-of-stake blockchain designed in 2018 by the Durov brothers, the founders of Telegram Messenger.
Kaspa
$0.14905
Kaspa is a proof-of-work cryptocurrency which implements the GHOSTDAG protocol.
Energy Web Token
$1.36868
Energy Web Token (EWT) is the native token of the Energy Web Chain, a public, Proof-of-Authority Ethereum Virtual Machine blockchain specifically designed to support enterprise-grade applications in the energy sector.