CryptoSlate Daily wMarket Update: Solana maintains positive start to 2023 with green trading

The cryptocurrency market cap saw minor net inflows of around $740 million over the past 24 hours and currently stands at $807.70 billion — up 0.07%.

Bitcoin and Ethereum’s market caps decreased by 0.01% to $322.15 billion and 0.15% to $148.80 billion, respectively.

The top 10 cryptocurrencies traded flat during the last 24 hours, with the majority posting gains of less than 1%. BTC and ETH posted minor losses of 0.01% and 0.11%, respectively.

Over the reporting period, the market cap of Tether (USDT) remained flat at $66.24 billion, while USD Coin (USDC) marginally increased to $44.72 billion. BinanceUSD (BUSD) dropped to $16.43 billion.

Bitcoin

Over the last 24 hours, Bitcoin fell 0.01% to trade at $16,735 as of 07:00 ET. Its market dominance stayed flat at 39.9%.

BTC traded above $16,600 over the last 24 hours. The flagship digital asset peaked at $16,760 over the reporting period.

Ethereum

Ethereum declined 0.11% over the last 24 hours to trade at $1,215 as of 07:00 ET. Its market dominance fell to 18.4%.

Like BTC, ETH mostly traded flat above $1200 in the last 24 hours. After bottoming at $1212 around yesterday evening, it maintained its flat trading range into the early trading hours of today.

Top 5 Gainers

JasmyCoin

JASMY is the day's top gainer. It rose by 15.54% in the last 24 hours to $0.00382. Its market cap stood at $176.67 million.

Kava

KAVA increased by 9.56% over the reporting period to $0.60192. Its market cap stood at $220.97 million.

Solana

SOL is on the top gainer's list for the second consecutive day. The token rose  8.54% in the last 24 hours to $11.94. Its market cap stood at $4.39 billion.

Flow (Dapper Labs)

FLOW gained 7.72% over the reporting to trade at $0.72 as of press time. Its market cap stood at $746.21 million.

Lido DAO Token

LDO continues its impressive price performance, growing by 7.51% in the last 24 hours to $1.24. Its market cap stood at $1.02 billion.

Top 5 Losers

Kaspa

KASPA is the day's biggest loser, declining by 7.77% over the reporting period to $0.00486. Its market cap stood at $76.02 million.

Energy Web Token

EWT declined by 6.47% to $2.84 as of press time. Its market cap stood at $85.48 million.

Toncoin

TON fell 6.13% in the last 24 hours to $2.16. It was unclear why the Telegram-backed token was experiencing a sell-off. Its market cap stood at $2.64 billion.

MAGIC

MAGIC dropped by 4.02% to $0.50 as of press time. The NFT_related token has declined by over 17% in the last 30 days. Its market cap stood at $103 million.

Horizen

ZEN plunged 3.78% to $9.12. Its market cap stood at $120.59 million