CryptoSlate Daily wMarket Update – Dec. 9-11: Dogecoin leads top 10 assets sell-off CryptoSlate Daily wMarket Update – Dec. 9-11: Dogecoin leads top 10 assets 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.
3 min read
Updated: Dec. 12, 2022 at 1:02 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Since the last market update report, the cryptocurrency market cap saw net outflows of $16.68 billion and currently stands at $844.36 billion — down 1.44% over the last 24 hours.
Meanwhile, Bitcoin and Ethereum’s market cap is down 1.12% and 1.72% to $326.29 billion and $153.03 billion, respectively.
The top 10 cryptocurrencies all posted losses over the reporting period. The biggest losers were the two leading meme coins, Dogecoin and Shiba Coin, which fell 8.12% and 3.56%, respectively. BTC and ETH are down 1.02% and 1.43%, respectively, over the reporting period.
Since the last market update, the market cap of Tether (USDT) and USD Coin (USDC) remained flat at $65.71 billion and $42.80 billion, respectively. BinanceUSD (BUSD) market cap stood at $22.09 billion.
Bitcoin
Bitcoin lost 1.02% to trade at $16,985 as of 07:00 ET. Its market dominance rose to 38.7% from 38.5%.
The leading cryptocurrency fell below $17,000 on Dec. 11. The asset traded at a high of $17,245 and bottomed at $16,899 over the reporting period.
Ethereum
ETH recorded 1.43% losses over the last 24 hours to trade at $1,254 as of 07:00 ET. Its market dominance fell slightly to 18.2% from 18.3% over the reporting period.
Over the last 24 hours, ETH’s price peaked at $1,281 and bottomed at $1,243.
Top 5 Gainers
MAGIC
MAGIC is the day’s biggest gainer, rising by 69.88% in the last 24 hours to $0.902. Crypto exchange Binance listed the project’s token on its Innovation List, increasing exposure to the coin. Its market cap stood at $160.13 million.
MXC
MXC gained 11.84% over the reporting period to trade at $0.0385 as of press time. The Internet of Things (IoT) token rose by over 38% in the last seven days. Its market cap was $101.72 million as of press time.
Toncoin
TON increased 8.86% to $2.09 as of press time. The Telegram-related token is up 14% over the last seven days. Its market cap stood at $2.56 billion.
TerraUSD
USTC is also among the day’s top gainers. The failed decentralized stablecoin rose by 6.04% over the reporting period to $0.02527 as of press time. Its market cap stood at $247.82 million.
ApeCoin
APE is up 5.25% over the last 24 hours to $4.37254. Its market cap stood at $1.58 billion.
Top 5 Losers
Hooked Protocol
HOOK is the day’s biggest loser, falling 12.83% to $2.00465 as of press time. It was unclear why the token was experiencing a sell-off. Its market cap stood at $100.23 million.
Waves
WAVES fell 10.13% over the reporting period to $1.81966 as of press time. The token has been experiencing a sell-off since Upbit issued an investment warning about it on Dec. 8. Its market cap stood at $200.33 million.
WEMIX
WEMIX decreased by 9.19% to $0.42998 as of press time. The NFT-related token is currently embroiled in a legal tussle with South Korean exchanges which delisted it. Its market cap stood at $105.41 million.
Osmosis
OSMO lost 9% of its value over the reporting period to $0.91272 as of press time. Its market cap stood at $449.6 million.
Mask Network
MASK plunged 8.93% to $3.00 in the last 24 hours. Its market cap stood at $204.67 million.
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Posted In: Wrapped
Author 
Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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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
$3,337.94
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Mask Network
$2.96614
Mask Network is a decentralized portal that allows users to seamlessly send encrypted messages, use dapps like crypto payment, decentralized finance, decentralized storage, e-commerce (digital goods / NFTs), decentralized organizations (DAO) over the top of existing social networks without migrating, and thereby creates a decentralized Applet (DApplet) ecosystem..
Osmosis
$0.54134
OSMO is the token of the Osmosis Hub, first DEX for IBC connected coins built on the Cosmos SDK.
TON
$5.48825
TON is a third-generation proof-of-stake blockchain designed in 2018 by the Durov brothers, the founders of Telegram Messenger.
WEMIX
$0.98317
Wemix is a blockchain based Global Gaming Platform developed by Wemade Tree that issubsidiary company of WEMADE as its flagship blockchain gaming services arm.
Waves
$1.51860
Waves is an open blockchain protocol and development toolset for Web 3.0 applications and decentralized solutions, aiming to raise security, reliability and speed of IT systems.
ApeCoin
$1.15367
ApeCoin is an ERC-20 governance and utility token used within the APE Ecosystem to empower and incentivize a decentralized community building at the forefront of web3.
Moonchain
$0.00550
MXC is a Utility Token, also commonly referred to as an Internet of Things (IoT) Token.
Treasure
$0.42290
Treasure is the decentralized video game console connecting games and communities together through bottom-up driven IP and infrastructure, unified through a common set of composable resources.