CryptoSlate Daily wMarket Update: Monster gains for Gala and Zilliqa overshadow large caps CryptoSlate Daily wMarket Update: Monster gains for Gala and Zilliqa overshadow large caps
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. 9, 2023 at 12:48 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 $40.15 billion since the last wMarket report on Jan. 6 and currently stands at $852.81 billion — up 4.9% from $812.66 billion.
Bitcoin’s market cap increased 3% to $332.25 billion from $322.33 billion on Jan. 6, while Ethereum’s market cap grew 6.1% to $161.43 billion from $152.17 billion on Friday.
In the last 24 hours, all of the top 10 cryptocurrencies posted gains, with significant increases for Solana and Cardano, up 21.8% and 13.2%, respectively. Market leader Bitcoin brings up the rear, posting a 1.9% increase.
Over the reporting period, the market cap of Tether (USDT) and USD Coin (USDC) saw slight increases to $66.28 billion and $44 billion, respectively. By contrast, BinanceUSD (BUSD) fell 2.1% to $16.32 billion.
Bitcoin
Over the last 24 hours, Bitcoin grew 1.9% to trade at $17,267 as of 07:00 ET. Its market dominance fell to 39% from 39.7%.
BTC traded mostly sideways during the weekend but a pump Sunday evening (ET) set off a move higher that topped out at $17,289 around 05:00 today.
Ethereum
Ethereum grew 4.6% over the last 24 hours to trade at $1,321 as of 07:00 ET. Its market dominance grew to 19% from 18.7%.
ETH mirrored BTC, trading sideways until Sunday evening when a flood of volume took the second biggest token to $1,328 – a 26-day high.
Top 5 Gainers
Gala
GALA is today’s top gainer, rising by 53.7% over the last 24 hours to $0.03665 as of press time. The project announced partnerships with Hollywood A-listers and a move into mobile gaming. Its market cap stood at $255.71 million.
Zilliqa
ZIL rose by 46.94%% to trade at $0.02592 as of press time. Company CEO Matt Dyer announced several upcoming developments, including further forays in esports and an EVM-compatible MoneyMarket protocol. Its market cap stood at $411.29 million.
Nervos Network
CKB gained 28.3% over the reporting period to trade at $0.00325 as of press time. The token is up 40.2% over the last week. Its market cap stood at $108.47 million.
Solana
SOL grew 21.8% in the last 24 hours to $16.5003. The Solana ecosystem has been flooded with memecoins, including BONK, which has led to a surge in activity. Its market cap stood at $6.11 billion.
Ankr
ANKR rose 19.2% to 0.01967 as of press time. The token grew 24% over the last seven days. Its market cap stood at $190.1 million.
Top 5 Losers
XYO
XYO is the day’s biggest loser, falling by over 9.8% to $0.00576 as of press time. Founder Arie Trouw recently mentioned the company Twitter was accidentally suspended. Its market cap stood at $74.02 million.
SingularityNET
AGIX declined 9.3% to $0.06586 in the last 24 hours. The AI project had been on an upward trajectory over the last seven days, rising by around 42.4%. Its market cap stood at $76.41 million.
Numeraire
NMR shed 5% over the reporting period to trade at $14.2598 as of press time. Its market cap stood at $83.97 million.
Locus Chain
LOCUS decreased 3.8% to $0.06686 as of press time. Its market cap stood at $139.14 million
Creditcoin
CTC dropped 0.9% over the reporting period to $0.50447. Its market cap stood at $104.55 million.
Mentioned in this article
Bitcoin 
Ethereum 
Gala 
Zilliqa 
Nervos Network 
Solana 
Ankr 
XYO 
Numeraire 
SingularityNET 
Creditcoin 
Locus Chain 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
$2,976.21
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Gala
$0.04290
GALA claims to be designed to power the Gala Games ecosystem to support gaming re-imagined to benefit creators and players, alike.
Zilliqa
$0.02360
Zilliqa is a new blockchain platform that is designed to scale in an open, permission-less distributed network securely.
Nervos Network
$0.01925
The Nervos Network describes itself as an open-source public blockchain ecosystem and collection of protocols.
Solana
$134.487
Solana is a high-performance blockchain platform that utilizes a unique consensus algorithm called “Proof of History” to achieve fast transaction speeds and low fees.
Ankr
$0.04438
Ankr strives to build a resource-efficient blockchain framework that truly enables Distributed Cloud Computing (DCC) and provides user-friendly infrastructure for business applications.
Numeraire
$23.7266
Numeraire is a global artificial intelligence tournament to predict the stock market..
SingularityNET
$0.82685
SingularityNET is a decentralized marketplace for AI services.
