CryptoSlate Daily wMarket Update: Solana and Cardano lead market recovery CryptoSlate Daily wMarket Update: Solana and Cardano lead market recovery
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
2 min read
Updated: Jan. 26, 2023 at 12:45 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 $23.04 billion over the last 24 hours and currently stands at $1,046.4 billion — up 2.3% from $1,023.36 billion.
Over the reporting period, the Bitcoin market cap grew 1.7% to $443.07 billion from $436.03 billion. Similarly, Ethereum’s market cap gained 3.7% to $196.32 billion from $189.4 billion.
Over the last 24 hours, the top 10 cryptocurrencies all recorded gains. Solana leads the pack, growing 5.2%, followed by yesterday’s biggest loser Cardano, which posted 5% gains today.
The market caps of Tether (USDT) and BinanceUSD (BUSD) grew to $67.2 billion and $15.58 billion, respectively. By contrast, USD Coin (USDC) fell to $43,65 billion.
Bitcoin
Over the last 24 hours, Bitcoin grew 1.7% to trade at $22,995 as of 07:00 ET. Its market dominance decreased to 42.3% from 42.6%.
BTC reached a peak of $23,813 over the past day. Bears then took control to dip the price as low as $22,815. The leading cryptocurrency has been trading in a narrow band between $22,858 and $23,282 since.
Ethereum
Ethereum gained 3.7% over the last 24 hours to trade at $1,605 as of 07:00 ET. Its market dominance grew to 18.8% from 18.5%.
Over the reporting period, ETH achieved a peaked price of $1,641 before bottoming at $1,576.
Top 5 Gainers
Aptos
APT is the day’s biggest gainer, increasing 30.3% over the reporting period to $18.1462 as of press time. Recent developments include rising NFT volume and additional liquidity pools. Its market cap stood at $2.91 billion.
COTI
COTI gained 23.5% to trade at $0.12223 as of press time. The Djed stablecoin is set for release next week. Its market cap stood at $135.51 million.
Audius
AUDIO grew 23.2% in the last 24 hours to $0.32876. Coinbase recently announced listing the token. Its market cap stood at $307.71 million.
Injective
INJ rose 21.2% in the last 24 hours to $2.26079. The token grew 83.4% over the past month. Its market cap stood at $165.05 million.
eCash
XEC gained 20.8% in the last 24 hours to $0.00004. The token is up 83% over the past month. Its market cap stood at $785.2 million.
Top 5 Losers
Ribbon Finance
RBN is the day’s biggest loser, falling 3.3% to $0.25336 as of press time. Despite today’s dip, the token is still up 28.8% over the past seven days. Its market cap stood at $134.74 million.
BinaryX
BNX declined 3.1% over the reporting period to $83.7594 as of press time. Its market cap stood at $240.9 million.
MediBloc
MED fell 2.3% over the reporting period to $0.01663 as of press time. Its market cap stood at $105.88 million.
Fei USD
FEI lost 1% over the reporting period to $0.98864 as of press time. The stablecoin lost its $1 peg price on Jan. 25, falling as low as $0.97070. Its market cap stood at $420.17 million.
LINK
LN fell 0.9% in the last 24 hours to $43.8667. Its market cap stood at $295.42 million.
Mentioned in this article
Bitcoin 
Ethereum 
Aptos 
Audius 
Injective 
COTI 
eCash 
BinaryX (old) 
Ribbon Finance 
MediBloc 
LINK 
Fei USD 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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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Ethereum
$3,328.60
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Aptos
$12.3973
Aptos is an FTX-backed layer-1 blockchain which was developed by ex-Meta employees.
Audius
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Audius connects fans directly with artists in a familiar music player interface.
Injective
$26.3705
Injective is an open interoperable smart contracts platform optimized for decentralized finance applications.
COTI
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COTI is building a platform built from a blockless chain, a new consensus algorithm, and dApps that create payment networks over DAG.
eCash
$0.00004
Bitcoin Cash ABC (BCHA) has rebranded to eCash (XEC) and has redenominated to a 1:1000000 ratio.
Ribbon Finance
$0.35962
Ribbon Finance is a new protocol that creates crypto structured products for DeFi.
MediBloc
$0.01001
MediBloc is a decentralized healthcare information ecosystem for patients, healthcare providers and data researchers, built on blockchain technology..
LINK
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The LINK project was launched by LINE, a global messenger company, to create a blockchain platform and token economy for mainstream consumers.
Fei USD
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Fei Protocol ($FEI) represents a direct incentive stablecoin which is undercollateralized and fully decentralized.
