CryptoSlate wMarket Update: TRON leads top 10 in otherwise flat market CryptoSlate wMarket Update: TRON leads top 10 in otherwise flat market
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: May. 22, 2023 at 1:06 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Since the last wMarket report on Friday, the cryptocurrency market saw net outflows of $0.43 billion and currently stands at $1.12 trillion โ down 0.04% from $1.12 trillion.
Since May 19, the Bitcoin (BTC) and Ethereum (ETH) market caps fell 0.01% and 0.5% to $520.14 billion and $218.57 billion, respectively.
The top 10 crypto assets recorded a mixed performance over the last 24 hours, with TRON leading the gainers, up 8%. Meanwhile, Solana was the biggest loser, down 1.9%.
The market cap of Tether (USDT) grew to $82.93 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $29.53 billion and $5.50 billion, respectively.
Bitcoin
In the last 24 hours, Bitcoin fell 0.7% to trade at $26,825 as of 07:00 ET. Its market dominance stayed flat at 46.3%.
Since last Friday, BTC saw a peak price of $27,280 before trending down to find a local bottom at $26,560 late Sunday evening. The largest cryptocurrency then recorded a muted recovery, with $26,920 proving strong resistance, leading to a flat print.
Ethereum
In the last 24 hours, Ethereum increased 0.2% to trade at $1,817 as of 07:00 ET. Its market dominance stayed flat at 19.4%.
Since last Friday, ETH saw a double top at $1,827 before trending down over the weekend to find support at $1,793 by 22:00 Sunday (ET). A bounce followed that recorded consecutive steps higher to peak at $1,820.
Top 5 Gainers
Wrapped TRON
WTRX is the dayโs biggest gainer, growing 8.2% over the last 24 hours to $0.07768 as of press time. Its market cap stood at $7.9 billion.
TRON
TRX rose 8% to $0.07780 as of press time. The TRON community expects TRX to be a tradable cryptocurrency when Hong Kong opens digital asset trading to retailer investors on June 1. Its market cap stood at $7.03 billion.
Alchemy Pay
ACH jumped 5.8% to $0.02749 over the last 24 hours. The project is now available on Ontology for fiat-crypto transactions. Its market cap stood at $171.72 million.
JUST
JST grew 3.6% over the last 24 hours to $1.70749 as of press time. Its market cap stood at $215.77 million.
Neo
NEO gained 3.5% to trade at $9.74103 at the time of writing. The project announced the winners of its NeoChat ChatGPT launch competition. Its market cap stood at $687.12 million.
Top 5 Losers
HEX
HEX is the dayโs biggest loser falling 24.3% to $0.02670 at the time of press. The project was a top gainer last week due to PulseChain going live. Its market cap stood at $4.63 billion.
Kaspa
KAS dropped 7.7% to trade at $0.01534. Its market cap stood at $286.42 million.
Pepe
PEPE fell 7.2% to $0.00000158 over the reporting period. Its market cap stood at $616.59 million.
Mask Network
MASK lost 6.4% to $4.35055 over the reporting period. Its market cap stood at $348.59 million.
Sui
SUI sunk 6.2% to $1.06155 asย of press time. Its market cap stood at $560.79 million.
Mentioned in this article
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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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Ethereum
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Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Alchemy Pay
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Alchemy is the pioneer of Hybrid Crypto-Fiat Gateway that is bridging the gap between the fiat and crypto economies – driving crypto adoption by making payments, blockchain solutions and DeFI services readily available to everyone.
JUST
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JUST aims to build a fair, decentralized financial system that provides stablecoin lending and governance mechanisms for users around the world.
Neo
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Neo is an open-source, community-driven platform that is leveraging the intrinsic advantages of blockchain technology to realize the optimized digital world of the future..
HEX
$0.00315
HEX is a cryptocurrency launched in late 2019 by the founder going by the name “Richard Heart” and “RadicalHeart.” It is an ERC20 token built on the Ethereum blockchain, with a maximum supply of 633,642,618,630 HEX tokens.
Kaspa
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Kaspa is a proof-of-work cryptocurrency which implements the GHOSTDAG protocol.
Mask Network
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