CryptoSlate Daily wMarket Update: Solana climbs above $10 as entire market turns green CryptoSlate Daily wMarket Update: Solana climbs above $10 as entire market turns green
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. 2, 2023 at 12:58 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 around $10 billion over the past 24 hours and currently stands at $806.96 billion — up 1.35%.
Bitcoin and Ethereum’s market caps grew 1.09% to $322.14 billion and 1.74% to $148.95 billion, respectively.
The top 10 cryptocurrencies all recorded profits during the last 24 hours. Solana led the market, gaining above 11%. Other top gainers among the top 10 assets included Litecoin, which rose by over 7%, and Polkadot, that increased by around 4%.
Over the reporting period, the market cap of Tether (USDT) and USD Coin (USDC) remained flat at $66.24 billion and $44.62 billion, respectively. BinanceUSD (BUSD) dropped to $16.52 billion.
Bitcoin
Over the last 24 hours, Bitcoin grew 1.11% to trade at $16,737 as of 07:00 ET. Its market dominance stayed flat at 39.9%.
Throughout the festivities, BTC traded above $16,500, touching a peak of $16,759 during the last 24 hours.
Ethereum
Ethereum recorded a gain of 1.71% over the last 24 hours to trade at $1,217 as of 07:00 ET. Its market dominance increased to 18.5%.
ETH mostly traded between $1100 and $1200 throughout the holidays. In the last 24 hours, the asset peaked at $1219.
Top 5 Gainers
Creditcoin
CTC is the day’s biggest gainer, rising roughly 22% in the last 24 hours to $0.54. It was unclear why the token was rising. Its market cap stood at $113.73 million.
Lido DAO Token
LDO rose by 12.69% over the reporting period to $1.14 as of press time. The staking service provider became the dominant DeFi protocol by TVL. Its market cap stood at $944.62 million.
Solana
After an abysmal 2022 price performance, SOL is one of the few digital assets that started the new year strongly. CryptoSlate data shows that it increased by 11.7% to $11.00 as of press time. Its market cap stood at $4.05 billion.
OKB
The OKX-backed token gained 10.95% in the last 24 hours to trade at $30.12. Its market cap stood at $1.81 billion.
LINK
LN is up 10.89% over the reporting period to $25.71 as of press time. Its market cap stood at $161.04 million.
Top 5 Losers
Aragon
ANT is the day’s biggest loser, shedding 4.44% over the last 24 hours to $2.12. Its market cap stood at $89.37 million.
iExec RLC
RLC decreased 3.01% over the reporting period to $1.17 as of press time. Its market cap stood at $95.23 million.
NEXO
NEXO fell 2.82% in the last 24 hours to $0.68. The crypto lender was one of the few businesses that exited 2022 unscathed despite the market contagion that took its rivals. Its market cap stood at $381.88 million.
Baby Doge Coin
BabyDoge saw 2.65% losses to trade at $0.000000000957 as of press time. Its market cap stood at $110.13 million.
ABBC Coin
ABBC plunged by 2.37% over the reporting period to $0.084. Its market cap stood at $88.06 million.
Mentioned in this article
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
$3,469.85
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Solana
$194.928
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.
Baby Doge Coin
$0.00000
Baby Doge is a deflationary coin designed to become more scarce over time.
Aragon
$1.94829
Aragon builds flexible and secure tools that enable anyone to launch and manage Decentralized Autonomous Organizations (DAOs).
Nexo
$1.38202
The Nexo token is the world’s first dividend-paying asset-backed security token and is backed by the underlying assets of Nexo’s loan portfolio.
iExec RLC
$2.01587
iExec RLC aims at providing distributed applications running on the blockchain a scalable, secure and easy access to the services, the data-sets and the computing resources they need..
LINK
$36.7258
The LINK project was launched by LINE, a global messenger company, to create a blockchain platform and token economy for mainstream consumers.
