CryptoSlate Daily wMarket Update: Dogecoin rally defies overall market sentiment CryptoSlate Daily wMarket Update: Dogecoin rally defies overall 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.
3 min read
Updated: Jan. 31, 2023 at 12:54 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The cryptocurrency market cap saw net outflows of around $5.59 billion over the last 24 hours and currently stands at $1,041.72 billion — down 0.65% from $1,047.31 billion.
Over the reporting period, Bitcoin and Ethereum’s market cap fell by 1.06% and 0.74% to $441.02 billion and $192.3 billion, respectively.
All top 10 crypto assets printed losses except Dogecoin, Litecoin, and BNB. DOGE rose the highest following news that Elon Musk plans to build a payment system that could support crypto on Twitter.
Over the last 24 hours, the market cap of Tether (USDT) grew to $67.82 billion. On the other hand, the market caps of USD Coin (USDC) and BinanceUSD (BUSD) marginally decreased to $42.72 billion and $15.73 billion, respectively.
Bitcoin
Over the last 24 hours, Bitcoin fell 1.53% to trade at $22,877 as of 07:00 ET. Its market dominance dropped to 42.4% from 42.5%.
During the reporting period, Bitcoin saw its third-highest long liquidation of the year, as traders holding long positions in the asset were liquidated following its decline to under $23,000.
Ethereum
Ethereum lost 0.88% over the last 24 hours to trade at $1,570 as of 07:00 ET. Its market dominance rose to 18.5% from 18.4%.
ETH price action mirrored BTC, trading mostly sideways after bottoming at $1,546 over the reporting period.
Top 5 Gainers
Everscale
EVER is the day’s biggest gainer for the second consecutive day, increasing 70.91% over the reporting period to $0.16 as of press time. The project developers have described the new interest and growth within its ecosystem as organic, promising new updates in the future. Its market cap stood at $291.63 million.
MobileCoin
MOB rose 58.34% in the last 24 hours to $1.74 as of press time. The privacy-focused asset has increased by 48% in the previous seven days. Its market cap stood at $128.81 million.
Wrapped Everscale
The wrapped version of Everscale, WEVER, is among the day’s top gainers. The token has increased by 38% to $0.087. Its market cap stood at $151.24 million.
Voyager Token
VGX gained 31.37% in the last 24 hours to trade at $0.53 as of press time. Alameda Research has filed a lawsuit against Voyager to claw back its $446 million loan repayment. Its market cap stood at $150.28 million.
Mask Network
MASK jumped 26.99% over the reporting period to $3.72. The content creation token’s value rallied following news of Elon Musk’s plan to build a payment system that could support crypto on Twitter. Its market cap stood at $254.23 million.
Top 5 Losers
Conflux Network
CFX is the day’s biggest loser, decreasing 11.37% over the reporting period to $0.053 as of press time. The token has experienced a massive sell-off in the last 48 hours, trading at 95% below its all-time high. Its market cap stood at $111.11 billion.
Hooked Protocol
HOOK’s value declined for the second consecutive day, falling by 11.18 in the last 24 hours to $3.11. The protocol is trying to draw interest with the launch of its Hooked Avatar NFTs. Its market cap stood at $139.5 million.
BitDAO
BIT plunged 10.57% to $0.49. Despite the broader crypto market rally, the governance token has been down 7% over the past month. Its market cap stood at $1.04 billion.
Alethea Artificial Liquid Intelligence Token
ALI is on the top losers’ list for the second consecutive day. It is down 10.15% over the reporting period to $0.032 as of press time. The AI token has fallen by nearly 10% in the last seven days. Its market cap stood at $115.64 million.
SKL lost 9.41% to trade at $0.033 as of press time. Its market cap stood at $139.43 million.
Mentioned in this article
Bitcoin 
Ethereum 
Alethea Liquid Intelligence 
SKALE Network 
Voyager Token 
Mask Network 
Conflux Network 
Hooked Protocol 
Everscale 
Wrapped Everscale 
BitDAO 
MobileCoin 
X 
Elon Musk 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
$3,335.81
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Alethea Liquid Intelligence
$0.01122
Alethea AI is building a decentralized protocol to create an Intelligent Metaverse inhabited by interactive and intelligent NFTs (iNFTs).
SKALE Network
$0.04888
SKALE is an open source elastic blockchain network that gives developers the ability to easily provision highly configurable fully decentralized chains.
Voyager Token
$0.09413
The Voyager Token (VGX) rewards users within the Voyager crypto broker ecosystem.
Mask Network
$2.92341
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..
Conflux Network
$0.15659
Conflux Network is an open protocol for a new world of DApps, finance, and Web 3.0.
Hooked Protocol
$0.40074
Hooked Protocol is building the on-ramp layer for massive Web3 adoption, providing tailored Learn & Earn products and onboarding infrastructures for users & businesses to enter the new world of web3.
Everscale
$0.01810
Everscale is a layer-1 PoS blockchain network of the 5th generation.
Wrapped Everscale
$0.05443
Everscale is a new and unique blockchain design that proposes a scalable decentralized world computer, paired with a distributed operating system.
BitDAO
$1.17371
BitDAO is a decentralized autonomous organization that wants to level the playing field for every person in the world by building a decentralized token economy.
MobileCoin
$0.46278
MobileCoin is designed to be deployable in normal resource-constrained environments like mobile devices, and to deliver a simple user experience along with privacy and security..
X
X (formerly Twitter) is an American social media company based in San Francisco, California, that was founded by Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams in March 2006 and was launched July of the same year.
South African-born Elon Musk has founded several companies, including X.com (which later became PayPal), SpaceX and Tesla Motors.