CryptoSlate Daily wMarket Update: Dogecoin leads top 10 assets bullish market sentiment
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 $30 billion in the last 24 hours and currently stands at $1.04 trillion — up 3.21 % from $1.01 trillion.
During the reporting period, Bitcoin and Ethereum’s market cap rose 3.80% and 4.87% to $436.91 billion and $193.59 billion, respectively.
The top 10 crypto assets recorded gains over the last 24 hours. Dogecoin, Polygon, Cardano, and Shiba Inu rose the highest — increasing by over 6%.
In the last 24 hours, the market cap of Tether (USDT) increased to $69.51 billion. On the other hand, the market caps of USD Coin (USDC) and Binance USD (BUSD) market cap fell to $41.0 billion and $15.09 billion, respectively.
In the last 24 hours, Bitcoin gained 3% to trade at $22,466 as of 07:00 ET. Its market dominance decreased to 41.7% from 41.8%.
BTC rose above the $22,000 barrier during the reporting period around 09:00 (UTC -5). The flagship digital asset rallied despite the unexpected Consumer Price Index (CPI) numbers showed inflation grew 6.4% year-on-year (YoY).
Over the last 24 hours, Ethereum rose 4.3% to trade at $1,572 as of 07:00 ET. Its market dominance rose to 18.5% from 18.3%.
ETH’s price action mirrored BTC’s — trading upwards — as the bulls took control of the market during the reporting period.
Top 5 Gainers
FLOKI is the day’s biggest gainer, rising 41.5% over the reporting period to $$0.00003 as of press time. The meme coin has rallied following Elon Musk’s latest meme tweet about making his dog Twitter’s CEO. Its market cap stood at $292.11 million.
STG rose 19.91% to $$0.88814 in the last 24 hours. The project has enjoyed positive price actions since its developers proposed to reissue 1 billion tokens over concerns about Alameda’s compromise. Its market cap stood at $137.74 million.
MAGIC gained 18.89% in the last 24 hours to trade at $$1.77029. It was unclear why the token was rising as of press time. Its market cap stood at $370.64 million.
IMX increased 17.69% to $$1.13407 as of press time. The nFT project has rallied over 85% in the last 30 days. Its market cap stood at $900.17 million.
RNDR jumped 16.46% to $$1.78691 as of press time. The project developers cleared the air of the several large transactions on its Treasury wallet, raising investors’ interest in the ecosystem. Its market cap stood at $453.52 million.
Top 5 Losers
MV is the day’s biggest loser, falling 8.48% to $$0.16927 as of press time. The NFT-related token is on the top losers’ list for the second consecutive day, continuing its poor price performance over the last seven days. Its market cap stood at $289.33 million.
LOOKS lost 8.14% and was trading for $$0.28486 as of press time. The NFT marketplace has seen less interest recently, especially with the rise of rivals like Blur. Its market cap stood at $133.75 million.
USTC fell 5.61% to $$0.02951 as of press time. The failed algorithmic stablecoin shed part of its gains on Feb. 14 when it rallied by over 16%. Its market cap stood at $289.18 million.
LYXe shed 4.72% over the reporting period to $$10.3705. The blockchain network’s token declined by 7% over the last seven days. Its market cap stood at $159.77 million.
EWT plunged 3.55% to $3.85052 as of press time. Its market cap stood at $115.75 million.