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.
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.
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 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
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.
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.
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.
ERG grew 15.5% in the last 24 hours to $1.64512. Its market cap stood at $96.47 million.
CTC rose 12.5% to $0.55543 as of press time. Its market cap stood at $115.12 million.
Top 5 Losers
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.
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.
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 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.