CryptoSlate Daily wMarket Update: Rumors send XRP price, volume soaring CryptoSlate Daily wMarket Update: Rumors send XRP price, volume soaring
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: Mar. 22, 2023 at 11:40 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The cryptocurrency market cap saw net inflows of $14.3 billion over the last 24 hours and currently stands at $1.18 trillion – up 1.2% from $1.16 trillion.
During the reporting period, the market caps of Bitcoin and Ethereum increased by 0.4% and 1.7% to $544.4 billion and $219.4 billion, respectively.
The top 10 cryptocurrencies recorded gains over the last 24 hours, except for BNB — which fell 2.4%. However, XRP leads the gainers, posting 15.7% gains, followed by Cardano, up 9.9%. Market leader Bitcoin stayed flat, with buy-side bias, recording just 0.4% gains.
In the last 24 hours, the market cap of Tether (USDT) increased to $77.56 billion. Meanwhile, USD Coin (USDC) fell to $35.2 billion, and Binance USD (BUSD) held flat at $8.1 billion.
Bitcoin
In the last 24 hours, Bitcoin increased by 0.4% to trade at $28,150 as of 07:00 ET. Its market dominance fell to 46.3% from 46.5%.
During the reporting period, Bitcoin peaked at $28,441 before trending lower. After finding a local bottom of $27,901, the leading cryptocurrency crept marginally higher.
Ethereum
Over the last 24 hours, Ethereum grew 1.7% to trade at $1,791 as of 07:00 ET. Its market dominance increased to 18.6% from 18.5%.
During the reporting period, Ethereum topped out at $1,840, and the ensuing downtrend bottomed at $$1,782. The second-largest cryptocurrency moved into a tight trading range between $1,783 and $1,814.
Top 5 Gainers
Vibing
VBG is the day’s biggest gainer, rising 56.1% over the reporting period to $0.96734 as of press time. The project recently announced the development of its DAO community and “enterprise cooperation.” Its market cap stood at $138.18 million.
XRP
XRP gained 16.6% to $0.45406 as of press time. There are no confirmed significant fundamental developments, but rumors talk of the imminent end of the SEC lawsuit and increased whale activity. Volume is up 325% over the last 24 hours. Its market cap stood at $23.13 billion.
Celer Network
CELR surged 14.8% to $0.02403 as of press time. The project announced its Brevis platform based on zero-knowledge data attestation. Its market cap stood at $170.29 million.
Gitcoin
GTC is among the day’s top gainers after increasing 14.3% to $2.25656 at the time of writing. The token is up 27.8% over the past week. Its market cap stood at $135.2 million.
Algorand
ALGO is up 12.2% to $0.23702 as of press time. The project said its AlgoKit developer portal would be released soon. Its market cap stood at $1.69 billion.
Top 5 Losers
Core
CORE is the day’s biggest loser, falling 13.1% to trade at $2.11859 at the time of writing. The token was among yesterday’s top gainers. Its market cap stood at $147.52 million.
Stacks
STX is down 7.3% to $1.11185. Stacks 2.1 launched on March 19. Its market cap stood at $1.52 billion.
RSK Infrastructure Framework
RIF plunged 7.1% to $0.16234 over the reporting period. Despite today’s sell-off, the token is up 63.1% over the past month. Its market cap stood at $154.77 million.
JOE
JOE decreased 6.8% to $0.38627 over the reporting period. The token was yesterday’s top gainer. Despite today’s losses, JOE is still up 70.9% over the past week. Its market cap stood at $129.96 million.
OMG Network
OMG fell 5.6% to $1.77636 at the time of press. Its market cap stood at $249.13 million.
Mentioned in this article
Bitcoin 
Ethereum 
Vibing 
XRP 
Gitcoin 
Celer Network 
Algorand 
RSK Infrastructure Framework 
Stacks 
JOE 
OMG Network 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
$3,503.27
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Vibing
$0.38624
Vibing is a Web3.0 personal homepage built entirely on blockchain technology.It’s a complete platform for personal data generation and integration.Vibing is the startingpoint for people looking to access the Web3 network,the checkpoint for entering the metaverse..
XRP
$2.34715
The XRP Ledger is a decentralized cryptographic ledger powered by a network of peer-to-peer servers.
Gitcoin
$0.77023
Gitcoin is a platform for you to get paid for working on open source software in Python, Rust, Ruby, JavaScript, Solidity, HTML, CSS, Design, and more..
Algorand
$0.36643
Algorand removes the technical barriers that for years undermined mainstream blockchain adoption: decentralization, scale, and security.
RSK Infrastructure Framework
$0.10553
RIF (Rootstock Infrastructure Framework) is a third layer on top of Bitcoin that provides a wide range of solutions based on blockchain technology such as payments, storage, and domaining (RNS).
Stacks
$1.84652
Stacks (formerly Blockstack) connects to Bitcoin, enabling you to build apps, smart contracts, and digital assets that are integrated with Bitcoin’s security, capital, and network.
JOE
$0.42613
JOE is a governance token that also rewards its holders with a share of exchange revenues.
OMG Network
$0.37142
OMG Network (first developed as OmiseGO) is a non-custodial, Layer 2 scaling solution for transferring value on Ethereum.