CryptoSlate Daily wMarket Update: Solana re-enters top 10 despite slight market sell-off CryptoSlate Daily wMarket Update: Solana re-enters top 10 despite slight market sell-off
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
3 min read
Updated: Jan. 6, 2023 at 12:41 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The cryptocurrency market cap saw net outflows of $6.93 billion over the past 24 hours and currently stands at $812.66 billion — down 0.86% from $819.59 billion.
Bitcoin’s market cap decreased 0.59% to $322.33 billion from $323.94 billion, while Ethereum’s market cap fell 0.86% to $152.17 billion from $153.30 billion.
In the last 24 hours, most of the top 10 cryptocurrencies printed losses — excluding Cardano and Polkadot, which recorded slight gains of 1.42% and 0.31%, respectively. Dogecoin and Polygon posted the highest loss, shedding 4.2% and 2.98%, respectively.
Meanwhile, despite the tepid market performance, Solana has re-entered the top 10 digital assets despite falling 1.91% in the last 24 hours.
Over the reporting period, the market cap of Tether (USDT) and BinanceUSD (BUSD)slightly increased to $66.25 billion and $16.68 billion, respectively. USD Coin (USDC) market cap decreased to $43.8 billion
Bitcoin
Over the last 24 hours, Bitcoin fell 0.57% to trade at $16,738 as of 07:00 ET. Its market dominance slightly increased to 39.7% from 39.6%.
BTC mostly traded sideways during the last 24 hours but began to experience a slight sell-off during the early trading hours of Jan. 6. The asset peaked at $16,878 over the reporting period.
Ethereum
Ethereum fell 0.72% over the last 24 hours to trade at $1,242 as of 07:00 ET. Its market dominance remained flat at 18.7%.
Like BTC, ETH mostly traded sideways in the last 24 hours but experienced a slight sell-off during the early trading hours of Jan. 6. It peaked at $1255 over the reporting period.
Top 5 Gainers
Hex
HEX is today’s top gainer, rising by 17.46% over the last 24 hours to $0.02216 as of press time. The Ethereum-based token had grown by 21% in the last seven days. Its market cap stood at $3.84 billion.
Locus Chain
LOCUS is on the top gainer’s list for the second consecutive day. The token rose by 14.46% to trade at $0.038 as of press time. Its market cap stood at $80.29 million.
Nervos Network
CKB gained 11.72% over the reporting period to trade at $0.00254 as of press time. The PoW token has increased by over 5% in the last 30 days. Its market cap stood at $84.7 million.
Fetch
FET grew 10.22% in the last 24 hours to $0.11862. The AI-related token has been on a green streak over the past month, rising by over 50%. Its market cap stood at $97.4 million.
ABBC Coin
ABBC rose 4.7% to $0.09102 as of press time. Since the launch of its trade portal in December, the platform has drawn increased interest from investors. Its value has declined by over 41% in the last 30 days. Its market cap stood at $95.7 million.
Top 5 Losers
Tron
TRX is the day’s biggest loser, falling by over 8% to $0.05028 as of press time. The Justin Sun-related token has faced increased FUD over its relationship with the crypto entrepreneur and centralized exchange Huobi. Its market cap stood at $4.62 billion.
Link
LN shed 7.95% gains over the reporting period to trade at $28.24 as of press time. The token’s value had risen by over 33% in the last seven days. Its market cap stood at $190.2 million.
LUKSO
LYXe declined 7.82% to $8.48 in the last 24 hours. The NFT-related token had been on an upward trajectory over the last 30 days, rising by around 60%. Its market cap stood at $130.64 million.
BinaryX
BNX plunged 7.73% over the reporting period to $63.9958. The governance token of the Cyber Dragon play-to-earn game fell by 10% in the past week. Its market cap stood at $182.44 million.
Nano
XNO decreased 7.26% to $0.68 as of press time. The token has lost all of the gains it made on Jan. 5, when it rose by over 12%. Its market cap stood at $90.94 million
Mentioned in this article
Bitcoin 
Ethereum 
LINK 
Nano 
TRON 
Dogecoin 
BinaryX (old) 
LUKSO (Old) 
Nervos Network 
Locus Chain 
Artificial Superintelligence Alliance 
ABBC Coin 
HEX 
Cardano 
Polygon 
Polkadot 
Justin Sun Posted In: Wrapped
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
$3,385.19
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
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.
Dogecoin
$0.31707
Dogecoin is a cryptocurrency created in December 2013 as a joke by software engineers Billy Markus and Jackson Palmer.
LUKSO (Old)
$2.85343
LUKSO, the Blockchain for the new digital lifestyle is created by former Ethereum Developer Fabian Vogelsteller, author of ERC20 and ERC725, developer of web3.js and the Mist Browser.
Nervos Network
$0.01180
The Nervos Network describes itself as an open-source public blockchain ecosystem and collection of protocols.
Artificial Superintelligence Alliance
$1.33867
Fetch.AI, founded in 2017 and launched on Binance in March 2019, is an innovative platform combining artificial intelligence with blockchain technology.
ABBC Coin
$0.00408
The ABBC platform will allow users to send and receive funds, make online purchases using their own ABBC wallet, exchange ABBC coins at profitable rates, as well as trade and manage funds..
HEX
$0.00366
HEX is a cryptocurrency launched in late 2019 by the founder going by the name “Richard Heart” and “RadicalHeart.” It is an ERC20 token built on the Ethereum blockchain, with a maximum supply of 633,642,618,630 HEX tokens.
Cardano
$0.89272
Cardano is a decentralized public blockchain and cryptocurrency project and is fully open source.
Polygon
$0.49060
Polygon, a prominent layer 2 scaling solution on Ethereum, has emerged as a multifaceted and scalable platform, enhancing the Ethereum ecosystem’s capabilities.
Polkadot
$7.06405
Polkadot development is on track to deliver the most robust platform for security, scalability, and innovation.
Justin Sun has carved a name for himself as a leading figure in the blockchain sector.