XRP leads top 10 for second successive day: CryptoSlate Daily wMarket Update XRP leads top 10 for second successive day: CryptoSlate Daily 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.
3 min read
Updated: Mar. 8, 2023 at 12:34 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 $8.3 billion over the last 24 hours and currently stands at $1.01 trillion — down 0.8% from $1.02 trillion.
Over the reporting period, Bitcoin and Ethereum’s market cap fell 1.4% and 0.5% to $426.32 billion and $190.64 billion, respectively.
The top 10 crypto assets recorded a mixed performance over the last 24 hours. The top gainer was XRP, up 4.5%, as the judge overseeing the case prevented the SEC’s expert witness from testifying. Solana brings up the rear, sinking 5% over the reporting period.
In the last 24 hours, the market cap of Tether (USDT) increased to $71.74 billion. Meanwhile, USD Coin (USDC) and Binance USD (BUSD) fell to $43.53 billion and $8.41 billion, respectively.
Bitcoin
In the last 24 hours, Bitcoin decreased 1.4% to trade at $22,074 as of 07:00 ET. Its market dominance decreased to 42.2% from 42.4%.
Over the reporting period, BTC peaked at $22,480, triggering a strong rejection and causing a gradual downtrend that bottomed at $21,852 in the early hours of Wednesday.
Ethereum
Over the last 24 hours, Ethereum fell 0.5% to trade at $1,557 as of 07:00 ET. Its market dominance increased to 18.9% from 18.8%.
During the reporting period, ETH failed to break through the $1,572 resistance zone twice. The subsequent downtrend found support at $1,543 twice, sparking a bounce back on the second retest. A rejection at $1,570 set off another gradual downtrend.
Top 5 Gainers
Voyager Token
VGX is the day’s biggest gainer, rising 50% over the reporting period to $0.58414 as of press time. U.S. court approves Binance U.S. buyout deal. Its market cap stood at $162.67 million.
Bone ShibaSwap
BONE increased 20.9% in the last 24 hours to trade at $1.81805 as of press time. The Shibarium layer 2 is set for public beta release this week. Its market cap stood at $418.02 million.
OriginTrail
TRAC jumped 7% to $0.36859. Binance U.S. listed the token with effect from March 8. Its market cap stood at $134.71 million.
DAO Maker
DAO gained 7% in the last 24 hours to trade at $1.82434. The token grew 27% over the past week. Its market cap stood at $262.6 million.
Immutable X
IMX is up 6.7% to $1.11437 as of press time. The project launched its Illuvium: Beyond card game on March 7. Its market cap stood at $946.49 million.
Top 5 Losers
Kaspa
KAS is the day’s biggest loser, falling 16.6% to trade at $0.01137 at the time of writing. Rumors state the Kaspa Discord was hacked, warning users to exercise caution on airdrops. Its market cap stood at $194.86 million.
RSK Infrastructure Framework
RIF lost 14.2% to $0.12358 as of press time. The token has been trending down since March 3 but remains up 88% over the past month. Its market cap stood at $117 million.
WEMIX
WEMIX dumped 12.9% to $1.71233 in the last 24 hours. Its market cap stood at $421.71 million.
HEX
HEX fell 12.4% to $0.06110 over the reporting period. Rumors continue about impending SEC action. Its market cap stood at $10.6 billion.
TrueFi
TRU shed 6.9% in the last 24 hours to trade at $0.11770. Despite today’s sell-off, the token is still up 16% over the past week. Its market cap stood at $115.37 million.
Mentioned in this article
XRP 
Ethereum 
Voyager Token 
Bone 
OriginTrail 
DAO Maker 
Immutable 
Kaspa 
RSK Infrastructure Framework 
WEMIX 
TrueFi 
HEX 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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The XRP Ledger is a decentralized cryptographic ledger powered by a network of peer-to-peer servers.
Ethereum
$3,477.37
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Voyager Token
$0.09413
The Voyager Token (VGX) rewards users within the Voyager crypto broker ecosystem.
Bone
$0.16305
Bone coins are used to as exchange mechanism representing the value of the Dog’s Life Data.
OriginTrail
$0.86161
OriginTrail is an Ethereum-based ecosystem for supply chain use cases, founded in 2011.
DAO Maker
$0.41893
DAO Maker Token is the governance token of the DAO Maker Ecosystem built on Ethereum, allowing holders to govern the ecosystem.
Immutable
$1.44227
Immutable X positions itself as the first layer-two scaling solution for NFTs on Ethereum.
Kaspa
$0.12078
Kaspa is a proof-of-work cryptocurrency which implements the GHOSTDAG protocol.
RSK Infrastructure Framework
$0.10984
RIF (Rootstock Infrastructure Framework) is a third layer on top of Bitcoin that provides a wide range of solutions based on blockchain technology such as payments, storage, and domaining (RNS).
WEMIX
$0.85621
Wemix is a blockchain based Global Gaming Platform developed by Wemade Tree that issubsidiary company of WEMADE as its flagship blockchain gaming services arm.
TrueFi
$0.09697
TrueFi is a protocol for creating interest-bearing pools with a high APR for liquidity providers.
HEX
$0.00401
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.