CryptoSlate Daily wMarket Update: Solana continues green streak amid general market recovery CryptoSlate Daily wMarket Update: Solana continues green streak amid general 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. 14, 2023 at 1:17 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 $11.34 billion over the past 24 hours and currently stands at $819.04 billion — up 1.37% from $807.70 billion.
Bitcoin and Ethereum’s market caps increased by 0.67% to $324.31 billion and 2.96% to $153.20 billion, respectively.
All the top 10 cryptocurrencies traded green during the last 24 hours except Tron, which lost 0.34% of its value. BNB and Cardano rose the highest, printing a gain of over 3% during the timeframe.
Over the reporting period, the market cap of Tether (USDT) remained flat at $66.24 billion, while USD Coin (USDC) decreased to $44.18 billion. BinanceUSD (BUSD) increased to $16.57 billion.
Bitcoin
Over the last 24 hours, Bitcoin rose 0.65% to trade at $16,852 as of 07:00 ET. Its market dominance decreased to 39.6% from 39.9%.
BTC inched closer to the $17,000 mark in the last 24 hours. Its value peaked at $16,886 and bottomed at $16,622.
Ethereum
Ethereum increased 2.65% over the last 24 hours to trade at $1,249 as of 07:00 ET. Its market dominance rose to 18.7% from 18.4%.
ETH printed three large candles yesterday evening that pushed its value to a peak of $1253.
Top 5 Gainers
Solana
SOL is on the top gainer’s list for the third consecutive day. It rose by 14.74% in the last 24 hours to $13.73. Its market cap stood at $5.05 billion.
FTX Token
FTT’s value increased 13.22% over the reporting period to $0.97 as of press time. The embattled exchange token rose by over 11% in the last seven days.
NEAR Protocol
NEAR saw 12.75% gains in the last 24 hours to trade at $1.51 as of press time. Its market cap stood at $1.28 billion.
Ethereum Classic
ETC gained 12.23% to $18.02 as of press time. Its market cap stood at $2.5 billion.
Lido DAO Token
LDO continues its impressive price performance, growing by 11.09% in the last 24 hours to $1.38. Its market cap stood at $1.14 billion.
Top 5 Losers
OKB
OKB is the day’s biggest loser, falling 7.01% over the reporting period to $28.03. Its market cap stood at $1.68 billion.
JasmyCoin
JASMY plunged 4.03% in the last 24 hours to $0.00369. The Ethereum-based token has increased by over 29% in the last seven days. Its market cap stood at $170.78 million.
GMX
GMX decreased 2.41% to $41.21 as of press time. Its market cap stood at $346.52 million.
Hedera
HBAR fell 2.17% to $0.03837. Its market cap stood at $964.53 million.
Hi
HI lost 1.58% of its value in the last 24 hours and was trading for $0.02768 as of press time. Its market cap stood at $80.24 million
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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
$3,122.72
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Hedera
$0.13137
The Hedera hashgraph platform provides a new form of distributed consensus; a way for people who don’t know or trust each other to securely collaborate and transact online without the need for a trusted intermediary.
JasmyCoin
$0.02089
JasmyCoin (JASMY) is a digital currency initiative by Jasmy Corporation, an IoT (Internet of Things) provider headquartered in Tokyo.
Solana
$237.802
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.
Ethereum Classic
$26.0020
Ethereum Classic (ETC) is a continuation of the original Ethereum blockchain – the classic version preserving untampered history prior to the July 2016 DAO hack..
NEAR Protocol
$5.72550
NEAR is a decentralized development platform built on top of the NEAR Protocol, which is a public, sharded, developer-friendly blockchain.
FTX Token
$2.06598
FTX is a cryptocurrency derivatives exchange that offers futures, leveraged tokens and OTC trading.
GMX
$28.0151
GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades.