XRP leads flat market with 5% gains: CryptoSlate wMarket Update XRP leads flat market with 5% gains: CryptoSlate wMarket Update
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: May. 30, 2023 at 12:45 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The cryptocurrency market saw net inflows of $6.3 billion and currently stands at $1.17 trillion — up 0.5% from $1.16 trillion.
During the reporting period, the market caps of Bitcoin (BTC) and Ethereum (ETH) grew 0.2% and 0.3% to $541.27 billion and $229.37 billion, respectively.
Over the last 24 hours, the top 10 cryptocurrencies posted a mixed performance. XRP leads the list, up 4.7%, while Polygon recorded the most significant drawdown, losing 1.5%.
Tether’s market cap (USDT) grew to $83.18 billion. In contrast, USD Coin (USDC) fell to $29.02 billion, while Binance USD (BUSD) stayed flat at $5.28 billion.
Bitcoin
Bitcoin increased by 0.2% to trade at $27,917 as of 07:00 ET. Its market dominance fell to 46.5% from 46.6%.
Over the last 24 hours, BTC sold off, finding support at $27,530 by Monday lunchtime. A gradual uptrend followed to peak at $28,035 just before 07:00 this morning.
Ethereum
In the last 24 hours, Ethereum gained 0.3% to trade at $1,907 as of 07:00 ET. Its market dominance stayed flat at 19.7%.
During the reporting period, ETH followed a similar pattern to BTC, finding support at $1,874 before increasing to top out at $1,916 just before 07:00.
Top 5 Gainers
Everscale
EVER is the day’s biggest gainer, growing 52.9% over the last 24 hours to $0.06887 as of press time. The project has partnered with AI networking firm Crypto Match. Its market cap stood at $123.52 million.
Global Currency Reserve
GCR jumped 48.6% to $1.69682 over the last 24 hours. The project announced its launch on BNB Smart Chain and Aptos. Its market cap stood at $181.6 million.
Escroco Emerald
ESCE gained 30.9% to trade at $0.16381 at the time of writing. The token is up 94.8% over the last seven days. Its market cap stood at $163.81 million.
ARAW
ARAW grew 27.2% over the last 24 hours to $0.08283 as of press time. It has a market cap of $165.12 million.
FantasyGold
FGC rose 25.2% to $9.45671 as of press time. The token grew by 1,303% over the past seven days. Its market cap stood at $1.32 billion.
Top 5 Losers
Open Campus
EDU is the day’s biggest loser, falling 14.1% to $1.21913 at the time of press. The project recently hosted a Twitter Spaces event, which may not have met market expectations, contributing to the decline in value. Its market cap stood at $202.62 million.
TomoChain
TOMO fell 9.5% to $1.48121 over the reporting period. Multichain DeFi project GemPad said it had integrated TomoChain. Its market cap stood at $149.74 million.
Optimism
OP lost 6.5% to trade at $1.52831. The token fell 28.5% over the last 30 days. Its market cap stood at $512.56 million.
Bone ShibaSwap
BONE sunk 6.4% to $0.83417 as of press time. Its market cap stood at $191.79 million.
Pepe
PEPE fell 5.6% to trade at $0.00000138 as of press time. Its market cap stood at $538.55 million.
Mentioned in this article
Bitcoin 
Ethereum 
Everscale 
Global Currency Reserve 
Escroco Emerald 
ARAW 
FantasyGold 
Open Campus 
TomoChain 
Optimism 
Bone ShibaSwap 
Pepe 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
$3,324.79
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Everscale
$0.01783
Everscale is a layer-1 PoS blockchain network of the 5th generation.
Global Currency Reserve
$0.56900
GCRCoin is a new distributed cryptocurrency offering anyone the possibility to take advantage of the benefits of using cryptocurrencies in an easy way and with an added value.
FantasyGold
$2.13495
Fantasy Gold is a peer to peer cryptocurrency and blockchain that started out to serve the $7 Billion fantasy sports industry in both the B2B and B2C spaces as well as the $1.5 billion competitive eSports industry in 2017.
Open Campus
$0.52183
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.
TomoChain
$1.32505
Tomochain is an innovative solution to the scalability problem with the Ethereum blockchain.
Optimism
$1.80362
Optimism is a layer-2 scaling network for the Ethereum blockchain.
Bone ShibaSwap
$0.45762
BONE is a governance token of Shibaswap ecosystem which will allow the #ShibArmy to vote on upcoming proposals.
