CryptoSlate wMarket Update: Gaming tokens Axie Infinity, Gala, Decentraland shine in flat market CryptoSlate wMarket Update: Gaming tokens Axie Infinity, Gala, Decentraland shine in flat market
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: May. 17, 2023 at 12:23 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The cryptocurrency market saw net outflows of $2.6 billion over the last 24 hours and currently stands at $1.12 trillion — down 0.2% from $1.13 trillion.
During the reporting period, the Bitcoin (BTC) and Ethereum (ETH) market caps fell 0.6% and 0.4% to $520.51 billion and $217.14 billion, respectively.
The top 10 crypto assets posted a mixed performance over the last 24 hours. XRP leads the pack with 5.5% gains after Judge Hinman refused the SEC’s motion to seal the Hinman documents, followed by Litecoin, up 4.1% with the ongoing halving narrative. Solana brings up the rear, posting 1.2% losses.
The market caps of Tether (USDT,) USD Coin (USDC,) and Binance USD (BUSD) fell to $82.84 billion, $29.64 billion, and $5.55 billion, respectively.
Bitcoin
In the last 24 hours, Bitcoin fell 0.6% to trade at $26.864 as of 07:00 ET. Its market dominance fell to 46.4% from 46.5%.
During the reporting period, BTC topped out at $27,245 by Tuesday evening (ET,) leading into a downtrend that accelerated to the downside during the early hours of today — finding support at $26,760.
Ethereum
In the last 24 hours, Ethereum decreased 0.4% to trade at $1,805 as of 07:00 ET. Its market dominance fell to 19.3% from 19.4%.
Over the reporting period, ETH saw an uptrend that topped out at $1,837 on Tuesday evening (ET) — leading to a dip in price that bottomed at $1,803 in the early hours of today. A tight-ranging pattern followed, with ETH closing subsequent 15-minute candles between $1,804 and $1,808.
Top 5 Gainers
Axie Infinity
AXS is the day’s biggest gainer, growing 13% over the last 24 hours to $7.69020 as of press time. The Axie Infinity game is now listed on the Apple App Store. Its market cap stood at $899.42 million.
Gala
GALA jumped 12.5% to $0.03417 over the last 24 hours. The project has migrated to a new contract address as part of an expansion plan that includes token burns. Its market cap stood at $238.43 million.
Decentraland
MANA grew 9.3% over the last 24 hours to $0.51553 as of press time. The project will host its “Wearable Wednesday” Twitter Space today. Its market cap stood at $968.31 million.
RenderToken
RNDR rose 6.6% to $1.97746 as of press time. The company Twitter achieved a milestone of 88,000 followers on Tuesday. Its market cap stood at $719.62 million.
Dash
DASH gained 5.3% to trade at $44.8293 at the time of writing. Dash recently hosted a core development update. Its market cap stood at $505.67 million.
Top 5 Losers
HEX
HEX is the day’s biggest loser falling 20% to $0.02793 at the time of writing. The PulseChain mainnet launched recently. Its market cap stood at $4.84 billion.
tomiNET
TOMI dropped 10.9% to trade at $3.33286. CryptoDiffer noted that tomiNET was the leading project by Daily Active Addresses in the last 30 days. Its market cap stood at $132.12 million.
DAO Maker
DAO plunged 9.4% to trade at $1.40297 as of press time. DAO Maker was a top-five gainer yesterday off the back of interest in its incubated Tenet layer 1 chain. Its market cap stood at $201.95 million.
Kaspa
KAS lost 9.1% to $0.01909 over the reporting period. The project gave a Rust Development Update recently. Its market cap stood at $354.45 million.
Open Campus
EDU fell 6.3% to $1.10943 over the reporting period. The project opened its Global Educators Fund recently. Its market cap stood at $161 million.
Mentioned in this article
Bitcoin 
Ethereum 
Axie Infinity 
Gala 
Decentraland 
Render 
Dash 
HEX 
tomiNet 
DAO Maker 
Kaspa 
Open Campus Author 
Samuel Wan
Samuel Wan, a finance professional turned full-time crypto content creator, values individual autonomy and personal freedom in his pursuits.
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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
$3,462.40
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Axie Infinity
$6.40435
Axie Infinity is a game about collecting and raising fantasy creatures called Axie, on Ethereum platform.
Gala
$0.03724
GALA claims to be designed to power the Gala Games ecosystem to support gaming re-imagined to benefit creators and players, alike.
Decentraland
$0.50044
Decentraland is a decentralized virtual reality (VR) platform built on the Ethereum blockchain.
Render
$7.49909
Rendertoken is a decentralized economy of 3D assets utilizing the global network of GPU devices through its cloud rendering technology.
Dash
$38.1785
Dash is a digital currency that enables anyone, anywhere in the world to make quick, easy and cheap payments at any time without going through a central authority.
HEX
$0.00493
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.
tomiNet
$0.01496
tomi is a project engaged in the development of a decentralized alternative internet network to be used as the infrastructure platform for the Web3.
DAO Maker
$0.34073
DAO Maker Token is the governance token of the DAO Maker Ecosystem built on Ethereum, allowing holders to govern the ecosystem.
Kaspa
$0.12419
Kaspa is a proof-of-work cryptocurrency which implements the GHOSTDAG protocol.
Open Campus
$0.53047
The Open Campus Protocol is a decentralized solution for educators, content creators, parents, students, and co-publishers designed to address the major challenges in education today.