CryptoSlate Daily wMarket Update: Dogecoin leads top 10 assets bullish market sentiment

The cryptocurrency market cap saw net inflows of $30 billion in the last 24 hours and currently stands at $1.04 trillion — up 3.21 % from $1.01 trillion.

During the reporting period, Bitcoin and Ethereum’s market cap rose 3.80% and 4.87% to $436.91 billion and $193.59 billion, respectively.

The top 10 crypto assets recorded gains over the last 24 hours. Dogecoin, Polygon, Cardano, and Shiba Inu rose the highest — increasing by over 6%.

CryptoSlate wMarket update
Source: CryptoSlate.com

In the last 24 hours, the market cap of Tether (USDT) increased to $69.51 billion. On the other hand, the market caps of USD Coin (USDC) and Binance USD (BUSD) market cap fell to $41.0 billion and $15.09 billion, respectively.

Bitcoin

In the last 24 hours, Bitcoin gained 3% to trade at $22,466 as of 07:00 ET. Its market dominance decreased to 41.7% from 41.8%.

BTC rose above the $22,000 barrier during the reporting period around 09:00 (UTC -5). The flagship digital asset rallied despite the unexpected Consumer Price Index (CPI) numbers showed inflation grew 6.4% year-on-year (YoY).

CryptoSlate wMarket update
Source: Tradingview

Ethereum

Over the last 24 hours, Ethereum rose 4.3% to trade at $1,572 as of 07:00 ET. Its market dominance rose to 18.5% from 18.3%.

ETH’s price action mirrored BTC’s — trading upwards — as the bulls took control of the market during the reporting period.

CryptoSlate wMarket update
Source: Tradingview

Top 5 Gainers

Floki Inu

FLOKI is the day’s biggest gainer, rising 41.5% over the reporting period to $$0.00003 as of press time. The meme coin has rallied following Elon Musk’s latest meme tweet about making his dog Twitter’s CEO. Its market cap stood at $292.11 million.

Stargate Finance

STG rose 19.91% to $$0.88814 in the last 24 hours. The project has enjoyed positive price actions since its developers proposed to reissue 1 billion tokens over concerns about Alameda’s compromise. Its market cap stood at $137.74 million.

Magic

MAGIC gained 18.89% in the last 24 hours to trade at $$1.77029. It was unclear why the token was rising as of press time. Its market cap stood at $370.64 million.

Immutable X

IMX increased 17.69% to $$1.13407 as of press time. The nFT project has rallied over 85% in the last 30 days. Its market cap stood at $900.17 million.

RenderToken

RNDR  jumped 16.46% to $$1.78691 as of press time. The project developers cleared the air of the several large transactions on its Treasury wallet, raising investors’ interest in the ecosystem. Its market cap stood at $453.52 million.

Top 5 Losers

GensoKishi Metaverse

MV is the day’s biggest loser, falling 8.48% to $$0.16927 as of press time. The NFT-related token is on the top losers’ list for the second consecutive day, continuing its poor price performance over the last seven days. Its market cap stood at $289.33 million.

LooksRare

LOOKS lost 8.14% and was trading for $$0.28486 as of press time. The NFT marketplace has seen less interest recently, especially with the rise of rivals like Blur. Its market cap stood at $133.75 million.

TerraUSD

USTC fell 5.61% to $$0.02951 as of press time. The failed algorithmic stablecoin shed part of its gains on Feb. 14 when it rallied by over 16%. Its market cap stood at $289.18 million.

LUKSO

LYXe shed 4.72% over the reporting period to $$10.3705. The blockchain network’s token declined by 7% over the last seven days. Its market cap stood at $159.77 million.

Energy Web Token

EWT plunged 3.55% to $3.85052 as of press time. Its market cap stood at $115.75 million.

 

Bookmark (0)
ClosePlease loginn

Related Posts

Rocket League world champions TeamBDS partners with Xborg for web3 fan activations

Rocket League world champions TeamBDS partners with Xborg for web3 fan activations

Blockchain meets esports as XBorg Partners with Team BDS

Bookmark (0)
ClosePlease loginn
Citigroup believes CBDCs will lead the way to mass adoption

Citigroup believes CBDCs will lead the way to mass adoption

Citi said that mass adoption will happen when more than a billion people are using blockchain technology without knowing they’re using it.

Bookmark (0)
ClosePlease loginn
SBF pleads not guilty to all 13 federal indictments

SBF pleads not guilty to all 13 federal indictments

Sam Bankman-Fried’s trial is set to begin in October. He is also facing civil charges filed by the SEC and the CFTC.

Bookmark (0)
ClosePlease loginn
Cold wallet Ledger raises $108M as self-custody wallets gain popularity

Cold wallet Ledger raises $108M as self-custody wallets gain popularity

Hardware wallet ledger raised another $385 million in 2021, and its current valuation sits at $1.41 billion.

Bookmark (0)
ClosePlease loginn
Hong Kong signals licensing over 8 crypto companies by year-end

Hong Kong signals licensing over 8 crypto companies by year-end

Licenses will be issued under Hong Kong’s new crypto licensing regime, composed to support crypto firms looking to set up shop in the city.

Bookmark (0)
ClosePlease loginn
Coinbase, Kraken plan to continue operating in Canada as regulatory rules change

Coinbase, Kraken plan to continue operating in Canada as regulatory rules change

Kraken and Coinbase are among the first exchanges to officially declare their intent to remain in Canada.

Bookmark (0)
ClosePlease loginn

Leave a Reply

Your email address will not be published. Required fields are marked *