XRP outperforms top 10 in stagnant market: CryptoSlate wMarket update XRP outperforms top 10 in stagnant market: CryptoSlate wMarket update
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: Jun. 13, 2023 at 12:48 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The cryptocurrency market saw net inflows of $5.7 billion over the last 24 hours and currently stands at $1.06 trillion — up 0.5% from $1.06 trillion.
During the reporting period, the market caps of Bitcoin (BTC) and Ethereum (ETH) grew 0.7% and 0.2% to $507.55 billion and $210.56 billion, respectively.
Over the last 24 hours, the top 10 cryptocurrencies recorded gains except Cardano and Solana, which fell 1.2% and 0.4%, respectively. Meanwhile, XRP tops the list, posting a 2.4% increase, potentially influenced by the anticipated release of the SEC’s Hinman documents today.
The market caps of Tether (USDT,) USD Coin (USDC,) and Binance USD (BUSD) fell to $83.37 billion, $28.29 billion, and $4.62 billion, respectively.
Bitcoin
Bitcoin gained 0.7% over the last 24 hours to trade at $26.162 as of 07:00 ET. Its market dominance rose to 47.8% from 47.7%.
During the period, BTC began edging higher from Monday lunchtime (ET) onwards, reaching a local top of $26,280 by 04:30 this morning.
Ethereum
Ethereum gained 0.2% over the last 24 hours to trade at $1,752 as of 07:00 ET. Its market dominance fell to 19.8% from 19.9%.
ETH found support at $1,720 during Monday lunchtime, triggering an uptrend that topped out at $1,760 by 04:30 (ET).
Top 5 Gainers
FantasyGold
FGC is the day’s biggest gainer, growing 32.8% over the last 24 hours to $0.78951 as of press time. Its market cap stood at $110.26 million.
Alpha Finance Lab
ALPHA rose 21.1% over the last 24 hours to $0.12007 as of press time. The team said it would extend its testnet end date to June 20. Its market cap stood at $95.82 million.
WEMIX
WEMIX gained 12.4% to $0.65980 as of press time. Gate.io said it will support the WEMIX hard fork on June 14. Its market cap stood at $167.16 million.
Bitgert
BRISE added 12.3% in the last 24 hours to trade at $0.000000235898 at the time of writing. The project will perform a token burn on June 18. Its market cap stood at $95.94 billion.
Terra Classic
LUNC increased 10.6% to $0.00010 during the last 24 hours. Its market cap stood at $566.7 million.
Top 5 Losers
FLEX
FLEX is the day’s biggest loser, falling 9.6% to $2.51396 at the time of press. Despite today’s drawdown, the token remains up 80.4% over the past seven days. Its market cap stood at $248.04 million.
Casper
CSPR lost 5.8% to trade at $0.03955 as of press time. The project announced CEP-78 to future-proof NFT tech. Its market cap stood at $438.94 million.
Everscale
EVER fell 4% to $0.05037 over the reporting period. The project will host an AMA on June 20. Its market cap stood at $90.39 million.
ABBC Coin
ABBC had sunk 3.5% to $0.16949 as of press time. Its market cap stood at $240.95 million.
WOO Network
WOO is down 3.3% in the last 24 hours and was trading for $0.16998 at the time of writing. Its market cap stood at $290.02 million.
Mentioned in this article
Bitcoin 
Ethereum 
FantasyGold 
Stella 
WEMIX 
Bitgert 
Terra Classic 
FLEX 
Casper 
Everscale 
ABBC Coin 
WOO Network 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
$3,344.43
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
FantasyGold
$2.13495
Fantasy Gold is a peer to peer cryptocurrency and blockchain that started out to serve the $7 Billion fantasy sports industry in both the B2B and B2C spaces as well as the $1.5 billion competitive eSports industry in 2017.
Stella
$0.08286
Stella is the leveraged strategies protocol with 0% cost to borrow.
WEMIX
$0.99206
Wemix is a blockchain based Global Gaming Platform developed by Wemade Tree that issubsidiary company of WEMADE as its flagship blockchain gaming services arm.
Bitgert
$0.00000
Bitgert (BRISE) is a crypto engineering project launched in July 2021 that specializes in blockchain products and auditing solutions.
Terra Classic
$0.00012
Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems.
FLEX
$3.30384
FLEX is the coin that powers CoinFLEX, a physically settled futures exchange.
Casper
$0.01557
The Casper Network is the first live proof-of-stake blockchain built off the Casper CBC specification.
Everscale
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Everscale is a layer-1 PoS blockchain network of the 5th generation.
ABBC Coin
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The ABBC platform will allow users to send and receive funds, make online purchases using their own ABBC wallet, exchange ABBC coins at profitable rates, as well as trade and manage funds..
WOO Network
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WOO Network is a deep liquidity network connecting traders, exchanges, institutions, and DeFi platforms with democratized access to the best-in-class liquidity and trading execution at lower or zero cost.