CryptoSlate Daily wMarket Update: Dogecoin, Shiba Inu post gains amid flat top 10 performance CryptoSlate Daily wMarket Update: Dogecoin, Shiba Inu post gains amid flat top 10 performance
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. 18, 2023 at 12:41 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 $640 million in the last 24 hours and currently stands at $991.48 billion — down 0.07% from $992.12 billion.
Over the reporting period, Bitcoin market cap decreased by 0.24% to $409.29 billion, while Ethereum’s market cap increased to $193.19 billion — up 0.39%.
All top 10 cryptocurrencies recorded losses over the reporting period, excluding Bitcoin, Dogecoin, and Shiba Inu, which posted gains.
Solana saw a 4.95% loss, while DOGE and SHIB gained 2.65% and 18.85%, respectively.
The market cap of Tether (USDT) rose to $66.50 billion in the last 24 hours. The market caps of USD Coin (USDC) and BinanceUSD (BUSD) decreased to $43.50 billion and $16.10 billion, respectively.
Bitcoin
BTC gained 0.01% to trade at $21,185 as of 07:00 ET. Its market dominance remained flat at 41.2%.
In the last 24 hours, Bitcoin continued trading above $21,000, reaching a peak of $21,438 and bottoming at $21,120.
Ethereum
Ethereum fell 0.57% over the last 24 hours to trade at $1,577 as of 07:00 ET. Its market dominance rose to 19.5% from 19.3%.
ETH traded near $1600 in the last 24 hours. The digital asset peaked at $1594 and bottomed at $1568.
Top 5 Gainers
Galxe
GAL is the day’s biggest gainer, increasing 21.51% over the reporting period to $1.8774 as of press time. The Ethereum-based content creation token has enjoyed a bullish start to 2023, rising over 50% in the last seven days. Its market cap stood at $101.42 million.
Steem
STEEM gained 19.38% in the last 24 hours to trade at $0.27. The token is up over 40% over the previous 30 days. Its market cap stood at $92.35 million.
Shiba Inu
SHIB rose 18.85% over the reporting period to $0.00001 as of press time. The meme coin has enjoyed renewed interest following news of its Layer-2 network Shibarium. Its market cap stood at $6.76 billion.
Symbol
XYM posted 11.76% gains over the reporting period, trading for $0.044 as of press time. The token’s value has increased by over 40% in the last 30 days. Its market cap stood at $247.96 million.
Casper
CSPR is up 8.93% in the last 24 hours to $0.038 as of press time. Its market cap stood at $412.76 million.
Top 5 Loser
MediBloc
MED is the day’s biggest loser, plunging 16.99% to $0.015 as of press time. The healthcare-related blockchain network has shed all the gains it made on Jan. 17. Its market cap stood at $98.53 million.
FTX Token
FTT is on the top loser’s list for the second consecutive day, declining 12.99% over the reporting period to $1.94. FTX still holds a substantial amount of its native token, according to recent court filings. Its market cap stood at $645.21 million.
Serum
SRM is another FTX-related token on the top loser’s list. The DEX token fell 11.99% over the last 24 hours to $0.409. A court filing showed that the bankrupt exchange FTX held $1.9 billion of the token as of when it filed for bankruptcy. Its market cap stood at $107.88 million.
Threshold
T is back among the top losers after plunging 9.28% in the last 24 hours to $0.021 as of press time. The token started strongly in 2023, posting gains of over 25% over the previous seven days. Its market cap stood at $180.33 million.
Optimism
OP is down 7.88% over the reporting period to $1.705 as of press time. The layer2 network token rose by 77% in the last 30 days. Its market cap stood at $400.34 million.
Mentioned in this article
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
$3,342.81
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Optimism
$1.78782
Optimism is a layer-2 scaling network for the Ethereum blockchain.
FTX Token
$3.72087
FTX is a cryptocurrency derivatives exchange that offers futures, leveraged tokens and OTC trading.
Serum
$0.03368
Serum is a decentralized exchange (DEX) built on the Solana blockchain.
MediBloc
$0.00983
MediBloc is a decentralized healthcare information ecosystem for patients, healthcare providers and data researchers, built on blockchain technology..
Steem
$0.21036
Steem is a blockchain-based social media platform where anyone can earn rewards by posting relevant content, curating quality content by upvoting and by holding Steem based currencies in a vest fund, which generates interest..
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.
Galxe
$1.86453
Galxe (previously Project Galaxy) is a leading Web3 credential data network and was launched on April 28, 2022, on Binance Launchpool.
Symbol
$0.01869
Symbol is a trusted and secure enterprise blockchain that smooths business friction, increasing the flow of data and innovation to supercharge the creation, exchange and protection of assets.
Casper
$0.01623
The Casper Network is the first live proof-of-stake blockchain built off the Casper CBC specification.
Threshold
$0.02661
The Threshold network provides and maintains a suite of cryptographic primitives for several dApps.