CryptoSlate Daily wMarket Update: Overall market sentiment green as AI tokens establish their rise CryptoSlate Daily wMarket Update: Overall market sentiment green as AI tokens establish their rise
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: Feb. 7, 2023 at 1:09 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 $7.5 billion over the last 24 hours and currently stands at $1.07 trillion — up 0.7% from $1.06 trillion.
Over the reporting period, Bitcoin and Ethereum’s market cap grew 0.7% and 0.7% to $443.44 billion and $201.07 billion, respectively.
The top 10 crypto assets posted a mixed performance over the last 24 hours. Polygon leads the gainers, growing 3.6%. Meanwhile, Shiba Inu fared worst, losing 3.9% over the reporting period.
The market cap of Tether (USDT) rose to $68.19 billion. By contrast, USD Coin (USDC) and BinanceUSD (BUSD) decreased to $41.85 billion and $16.19 billion, respectively.
Bitcoin
Over the last 24 hours, Bitcoin grew 0.7% to trade at $22,995 as of 07:00 ET. Its market dominance dropped to 41.4% from 41.5%.
During the reporting period, BTC peaked at $23,158 before trending lower to find support at $22,642. The leading cryptocurrency has since been edging higher.
Ethereum
Over the last 24 hours, Ethereum rose 0.7% to trade at $1,643 as of 07:00 ET. Its market dominance stayed flat at 18.8%.
ETH’s price action largely followed BTC’s, reaching a local top of $1,659 to trigger a reversal that bottomed out at $1,604 seven hours later.
Top 5 Gainers
Alethea Artificial Liquid Intelligence
ALI is the day’s biggest gainer, rising 55.3% over the reporting period to $0.08271 as of press time. The project was recently featured in Forbes, detailing its new intelligent NFT (iNFT) concept, which enables NFTs to incorporate AI animations and generative abilities. Its market cap stood at $296.77 million.
The Graph
GRT grew 30.95% to $0.17007 as of press time. The indexing protocol recently hit an all-time high of 129 unique dApps querying the network. Its market cap stood at $1.49 billion.
Frax Share
FXS gained 28.8% over the reporting period to trade at $13.1559 as of press time. The token grew 131.5% over the past month. Its market cap stood at $965.69 million.
Ocean Protocol
OCEAN rose 20.5% to $0.52269 as of press time. The token grew 137% over the past month. Its market cap stood at $320.46 million.
Fetch
FET jumped 23.1% to $0.54319 as of press time. The AI narrative has reasserted itself this week. Its market cap stood at $444.82 million.
Top 5 Losers
UNUS SED LEO
LEO is the day’s biggest loser, posting 6.6% losses to $3.37784 as of press time. No new fundamental developments were noted. Its market cap stood at $3.22 billion.
Lisk
LSK dropped 4.9% over the reporting period to $1.13165 as of press time. Despite the drawdown, the token is still up 50.6% over the past month. Its market cap stood at $145.87 billion.
Conflux Network
CFX decreased 4.9% to $1.33826 as of press time. Its market cap stood at $138.69 million.
OMG Network
OMG fell 4.6% in the last 24 hours to $1.65592. Despite today’s losses, the token is still up 44.6% over the past 30 days. Its market cap stood at $232.23 million.
Shiba Inu
SHIB is down 3.5% to $0.00001412 as of press time. No new fundamental developments were noted. Its market cap stood at $7.74 billion.
Mentioned in this article
Bitcoin 
Ethereum 
Alethea Liquid Intelligence 
The Graph 
Frax Share 
Ocean Protocol 
Artificial Superintelligence Alliance 
UNUS SED LEO 
Conflux Network 
Lisk 
OMG Network 
SHIBA INU 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
$3,454.23
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Alethea Liquid Intelligence
$0.01186
Alethea AI is building a decentralized protocol to create an Intelligent Metaverse inhabited by interactive and intelligent NFTs (iNFTs).
The Graph
$0.21868
The Graph is an indexing protocol that facilitates efficient data querying for networks like Ethereum and IPFS, playing a pivotal role in DeFi and the broader Web3 ecosystem.
Frax Share
$3.97614
The Frax Protocol is the first fractional-algorithmic stablecoin system.
Ocean Protocol
$0.57465
Ocean Protocol is a tokenized service layer that exposes data, storage, compute and algorithms for consumption with a set of deterministic proofs on availability and integrity that serve as verifiable service agreements.
Artificial Superintelligence Alliance
$1.32293
Fetch.AI, founded in 2017 and launched on Binance in March 2019, is an innovative platform combining artificial intelligence with blockchain technology.
UNUS SED LEO
$9.53396
UNUS SED LEO (LEO) is a cryptocurrency token and operates on the Ethereum platform.
Conflux Network
$0.16207
Conflux Network is an open protocol for a new world of DApps, finance, and Web 3.0.
Lisk
$0.95491
Lisk is a blockchain application platform that inspires, enables and supports developers to build blockchain applications written in JavaScript..
OMG Network
$0.35692
OMG Network (first developed as OmiseGO) is a non-custodial, Layer 2 scaling solution for transferring value on Ethereum.
SHIBA INU
$0.00002
Shiba Inu (SHIB) is a decentralized meme token that aims to be the Ethereum-based counterpart to Dogecoin’s Srypt-based mining algorithm. According to SHIBA INU, the reasoning behind the creation of SHIBA is that Shibas constantly forget where they bury their treasure.