CryptoSlate Daily wMarket Update: Solana continues green streak amid general market recovery

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

Mentioned in this article

Bitcoin Ethereum Hedera JasmyCoin Solana Lido DAO Token OKB Ethereum Classic NEAR Protocol FTX Token GMX

Author

Oluwapelumi Adejumo

Journalist at CryptoSlate

Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.

@hardeyjumoh LinkedIn Email Oluwapelumi

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