CryptoSlate Daily wMarket Update: Shiba Inu re-enters top 10, ousting Litecoin CryptoSlate Daily wMarket Update: Shiba Inu re-enters top 10, ousting Litecoin
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: Dec. 19, 2022 at 1:42 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Since the last wMarket report, the cryptocurrency market cap saw net outflows of $20.07 billion and currently stands at $808.07 billion — down 2.4%.
Meanwhile, over the weekend, Bitcoin and Ethereum’s market cap fell 1.7% and 2.4% to $322.17 billion and $144.92 billion, respectively.
The top 10 cryptocurrencies posted a mixed performance over the last 24 hours. Shiba Inu leads the gainers, growing 1.2% to oust Litecoin from the listing. In contrast, XRP recorded the biggest losses, down 2.7%.
The market caps of Tether (USDT) and USD Coin (USDC) saw slight increases to $66.17 billion and $44.97 billion, respectively. Meanwhile, BinanceUSD’s (BUSD) market cap fell slightly to $18.44 billion over the reporting period.
Bitcoin
Over the last 24 hours, Bitcoin grew 0.1% to trade at $16,750 as of 07:00 ET. Its market dominance rose to 39.9% from 39.57%.
Since the weekend, the price of BTC recorded a net loss, bottoming at $16,530 on Friday evening (ET). The ensuing bounce was followed by a period of flat trading.
Ethereum
Ethereum recorded a gain of 0.1% over the last 24 hours to trade at $1,185 as of 07:00 ET. Its market dominance stayed flat at 17.9% over the reporting period.
The price performance of ETH mirrored Bitcoin. Having bottomed at $1,155 on Friday evening (ET,) the second-largest cryptocurrency also reverted to a flat trading pattern.
Top 5 gainers
Mdex
MDX increased 13.7% to $0.08238 as of press time. No new fundamental developments were noted. Its market cap stood at $77.04 million.
Creditcoin
CTC rose by 11.7% in the last 24 hours to $0.50307. Its market cap stood at $104.26 million.
Voyager Token
VGX gained 8.5% over the reporting period to trade at $0.31314 as of press time. Binance signaled its interest in acquiring the bankrupt platform weeks ago. Its market cap stood at $87.2 million.
Stepn
GMT was up 5.5% over the reporting period to $0.30913 as of press time. Despite today’s gains, the token is still down 22.1% over the past week. Its market cap stood at $185.48 million.
LINK
LN recorded 5.1% gains to $22.8493 over the last 24 hours. Its market cap stood at $143.1 million.
Top 5 losers
Radicle
RAD fell 12.9% over the reporting period to $1.59350 as of press time. Its market cap stood at $75.25 million.
Kaspa
KAS decreased by 7.9% to $0.00548 as of press time. Its market cap stood at $83.61 million.
WEMIX
WEMIX fell 4.9% to $0.36025 as of press time. The token was recently deplatformed by several Korean exchanges following allegations of misreported supply. Its market cap stood at $88.32 million.
UNUS SED LEO
LEO lost 5% of its value over the reporting period to $3.76688 as of press time. Its market cap stood at $3.59 billion.
UMA
UMA fell 3.7% to $1.60474 over the last 24 hours. Its market cap stood at $110.64 million.
Mentioned in this article
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
$3,331.75
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Mdex
$0.01332
Mdex is an automatic market-making decentralized exchange based on the concept of fund pools.
Voyager Token
$0.09413
The Voyager Token (VGX) rewards users within the Voyager crypto broker ecosystem.
GMT
$0.18692
STEPN is a Web3 lifestyle app with fun social elements and gamification design.
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.
WEMIX
$0.99141
Wemix is a blockchain based Global Gaming Platform developed by Wemade Tree that issubsidiary company of WEMADE as its flagship blockchain gaming services arm.
Kaspa
$0.15595
Kaspa is a proof-of-work cryptocurrency which implements the GHOSTDAG protocol.
UNUS SED LEO
$8.50677
UNUS SED LEO (LEO) is a cryptocurrency token and operates on the Ethereum platform.
UMA
$2.71356
UMA is a decentralized financial contracts platform built to enable Universal Market Access.
