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CryptoSlate Daily wMarket Update: AI tokens shine despite wider market sell-off
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
Cover art/illustration via CryptoSlate. Image includes combined content which may include the use of AI tools.
Since the last wMarket report, the cryptocurrency market cap saw net outflows of $17.5 billion and currently stands at $1.06 trillion — down 1.6% from $1.08 trillion.
Over the reporting period, Bitcoin and Ethereum's market cap fell 2.7% and 0.81% to $441.19 billion and $199.95 billion, respectively.
The top 10 crypto assets posted losses across the board over the last 24 hours. Solana is the biggest loser, falling 4.2%, followed by Polygon, which fell 3.7%. BNB fared best, losing 2%.
Over the weekend, the market caps of Tether (USDT) and BinanceUSD (BUSD) rose to $68.07 billion and $16.26 billion, respectively. By contrast, USD Coin (USDC) decreased to $41.97 billion.
Bitcoin
Over the last 24 hours, Bitcoin fell 2.4% to trade at $22,830 as of 07:00 ET. Its market dominance dropped to 41.5% from 41.9%.
Since Feb. 3, BTC sunk from a local top of $23,730, finding support at $22,646 on Feb 4 following an accelerated sell-off that began on Sunday morning (ET).
Ethereum
Over the last 24 hours, Ethereum fell 2% to trade at $1,630 as of 07:00 ET. Its market dominance increased to 18.8% from 18.7%.
Since Feb. 3, ETH hit a peak of $1,696, leading to a sell-off that saw a double retest of support around $1,609.
Top 5 Gainers
SingularityNet
AGIX is the day's biggest gainer, rising 24.8% over the reporting period to $0.44760 as of press time. The firm recently announced bootstrapping several companies in the DeFi, Robotics, Biotech and Longevity, Gaming and Media, Arts and Entertainment (Music), and Enterprise-level AI sectors. Its market cap stood at $536.72 million.
Fetch
FET grew 24.5% to $0.441906 as of press time. Mainnet transactions exceeded 5 million recently. Its market cap stood at $361.88 million.
Alethea Artificial Liquid Intelligence
ALI gained 23.3% over the reporting period to trade at $0.05341 as of press time. The token is up over 360% over the past month. Its market cap stood at $191.63 million.
Numeraire
NMR rose 19.5% to $23.3175 as of press time. The AI narrative reasserts itself following a lull last week. Its market cap stood at $137.3 million.
JasmyCoin
JASMY jumped 11.9% to $0.00708 as of press time. The token is up over 95% over the past month. Its market cap stood at $329.76 million.
Top 5 Losers
Voyager Token
VGX is the day's biggest loser, posting 12.47% losses to $0.50152 as of press time. Alameda Research recently instigated legal action against Voyager. Its market cap stood at $139.67 million.
Fantom
FTM dropped 10.2% over the reporting period to $0.54986 as of press time. Its market cap stood at $1.53 billion.
LooksRare
LOOKS fell 9.9% in the last 24 hours to $0.30222. Despite today's losses, the token is still up 92% over the past 30 days. Its market cap stood at $141.91 million.
MetisDAO
METIS is down 9.3% to $36.9774 as of press time. Its market cap stood at $163.8 million.
WEMIX
WEMIX decreased 9% to $1.33826 as of press time. Its market cap stood at $336.6 million.
