CryptoSlate Daily wMarket Update: AI narrative holds firm as SingularityNet leads top gainers CryptoSlate Daily wMarket Update: AI narrative holds firm as SingularityNet leads top gainers
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
3 min read
Updated: Jan. 11, 2023 at 12:49 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The cryptocurrency market cap saw net inflows of $5.61 billion over the last 24 hours and currently stands at $857.72 billion — up 0.7% from $852.11 billion.
Bitcoin’s market cap increased by 1% to $335.83 billion from $332.23 billion, while Ethereum’s market cap grew 0.4% to $163.4 billion from $162.6 billion over the reporting period.
In the last 24 hours, the top 10 cryptocurrencies posted a mixed performance. XRP leads the pack with 3.7% gains. Meanwhile, Cardano brings up the rear, recording a 1% loss in value.
Since the last report, the market caps of Tether (USDT) and BinanceUSD (BUSD) saw an increase to $66.28 billion and $16.42 billion, respectively. By contrast, USD Coin (USDC) recorded a slight decrease to $43.8 billion.
Bitcoin
Over the last 24 hours, Bitcoin grew 1% to trade at $17,438 as of 07:00 ET. Its market dominance grew slightly to 39.2% from 39%.
The leading cryptocurrency peaked at $17,510 on Tuesday evening (ET,) before the ensuing drawdown found support at $17,367.
Ethereum
Ethereum grew 0.4% over the last 24 hours to trade at $1,335 as of 07:00 ET. Its market dominance stayed flat at 19.1%.
Over the last 24 hours, ETH recorded a peak price of $1,348 on Tuesday late lunchtime (ET). The resulting downturn found support at $1,327 on two occasions, before trickling marginally higher.
Top 5 Gainers
SingularityNet
AGIX is today’s top gainer, rising by 33.9% over the last 24 hours to $0.09218 as of press time. Chief AI Officer Matt Iklé recently updated on progress, including advances in OpenCog Hyperon technology. Its market cap stood at $106.32 million.
Voyager Token
VGX rose by 31.1% to trade at $0.41866 as of press time. Court approval was granted for the Binance takeover. Its market cap stood at $116.59 million.
Fetch
FET gained 21.7% over the reporting period to trade at $0.19050 as of press time. No new fundamental developments have been noted, but AI-related projects are generally uptrending. Its market cap stood at $156 million.
Ergo
ERG grew 15.5% in the last 24 hours to $1.64512. Its market cap stood at $96.47 million.
Creditcoin
CTC rose 12.5% to $0.55543 as of press time. Its market cap stood at $115.12 million.
Top 5 Losers
Aptos
APT is the day’s biggest loser, falling by over 8.3% to $5.22091 as of press time. The token was Tuesday’s top gainer, suggesting today’s sell-off resulted from profit-taking. Its market cap stood at $678.72 million.
IoTeX
IOTX decreased 7.7% to $0.02437 as of press time. Its market cap stood at $229.61 million.
Lido DAO Token
LDO shed 7.4% over the reporting period to trade at $1.85086 as of press time. Despite today’s drawdown, the token is still up 77.4% over the past month. Its market cap stood at $1.53 billion.
FTX Token
FTT dropped 7.3% over the reporting period to $1.19498. The token has recently pumped, up 24.3% over the past week, for unknown reasons. Its market cap stood at $393.02 million.
Gala
GALA declined 3.9% to $0.03897 in the last 24 hours. The project is riding high after a series of positive developments, including a move into mobile gaming. GALA grew 117% over the past week. Its market cap stood at $271.88 million.
Mentioned in this article
Bitcoin 
Ethereum 
SingularityNET 
Voyager Token 
Artificial Superintelligence Alliance 
Ergo 
Creditcoin 
Aptos 
IoTeX 
Lido DAO 
FTX Token 
Gala Author 
Samuel Wan
Samuel Wan, a finance professional turned full-time crypto content creator, values individual autonomy and personal freedom in his pursuits.
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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
$3,348.23
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
SingularityNET
$0.54145
SingularityNET is a decentralized marketplace for AI services.
Voyager Token
$0.09413
The Voyager Token (VGX) rewards users within the Voyager crypto broker ecosystem.
Artificial Superintelligence Alliance
$1.25767
Fetch.AI, founded in 2017 and launched on Binance in March 2019, is an innovative platform combining artificial intelligence with blockchain technology.
Ergo
$1.39668
The Ergo platform aims to provide an efficient, secure, and easy way to implement financial contracts that will be useful and survivable in the long term.
Aptos
$11.9392
Aptos is an FTX-backed layer-1 blockchain which was developed by ex-Meta employees.
IoTeX
$0.04274
IoTeX is the next generation of the IoT-oriented blockchain platform with vast scalability, privacy, isolatability, and developability.
FTX Token
$2.42633
FTX is a cryptocurrency derivatives exchange that offers futures, leveraged tokens and OTC trading.
Gala
$0.02868
GALA claims to be designed to power the Gala Games ecosystem to support gaming re-imagined to benefit creators and players, alike.