CryptoSlate Daily wMarket Update: Dogecoin, Shiba Inu post gains amid flat top 10 performance

The cryptocurrency market cap saw net outflows of $640 million in the last 24 hours and currently stands at $991.48 billion — down 0.07% from $992.12 billion.

Over the reporting period, Bitcoin market cap decreased by 0.24% to $409.29 billion, while Ethereum’s market cap increased to $193.19 billion — up 0.39%.

All top 10 cryptocurrencies recorded losses over the reporting period, excluding Bitcoin, Dogecoin, and Shiba Inu, which posted gains.

Solana saw a 4.95% loss, while DOGE and SHIB gained 2.65% and 18.85%, respectively.

The market cap of Tether (USDT) rose to $66.50 billion in the last 24 hours. The market caps of USD Coin (USDC) and BinanceUSD (BUSD) decreased to $43.50 billion and $16.10 billion, respectively.

Bitcoin

BTC gained 0.01% to trade at $21,185 as of 07:00 ET. Its market dominance remained flat at 41.2%.

In the last 24 hours, Bitcoin continued trading above $21,000, reaching a peak of $21,438 and bottoming at $21,120.

Ethereum

Ethereum fell 0.57% over the last 24 hours to trade at $1,577 as of 07:00 ET. Its market dominance rose to 19.5% from 19.3%.

ETH traded near $1600 in the last 24 hours. The digital asset peaked at $1594 and bottomed at $1568.

Top 5 Gainers

Galxe

GAL is the day’s biggest gainer, increasing 21.51% over the reporting period to $1.8774 as of press time. The Ethereum-based content creation token has enjoyed a bullish start to 2023, rising over 50% in the last seven days. Its market cap stood at $101.42 million.

Steem

STEEM gained 19.38% in the last 24 hours to trade at $0.27. The token is up over 40% over the previous 30 days. Its market cap stood at $92.35 million.

Shiba Inu

SHIB rose 18.85% over the reporting period to $0.00001 as of press time. The meme coin has enjoyed renewed interest following news of its Layer-2 network Shibarium. Its market cap stood at $6.76 billion.

Symbol

XYM posted 11.76% gains over the reporting period, trading for $0.044 as of press time. The token’s value has increased by over 40% in the last 30 days. Its market cap stood at $247.96 million.

Casper

CSPR is up 8.93% in the last 24 hours to $0.038 as of press time. Its market cap stood at $412.76 million.

Top 5 Loser

MediBloc

MED is the day’s biggest loser, plunging 16.99% to $0.015 as of press time. The healthcare-related blockchain network has shed all the gains it made on Jan. 17. Its market cap stood at $98.53 million.

FTX Token

FTT is on the top loser’s list for the second consecutive day, declining 12.99% over the reporting period to $1.94. FTX still holds a substantial amount of its native token, according to recent court filings. Its market cap stood at $645.21 million.

Serum

SRM is another FTX-related token on the top loser’s list. The DEX token fell 11.99% over the last 24 hours to $0.409. A court filing showed that the bankrupt exchange FTX held $1.9 billion of the token as of when it filed for bankruptcy. Its market cap stood at $107.88 million.

Threshold

T is back among the top losers after plunging 9.28% in the last 24 hours to $0.021 as of press time. The token started strongly in 2023, posting gains of over 25% over the previous seven days. Its market cap stood at $180.33 million.

Optimism

OP is down 7.88% over the reporting period to $1.705 as of press time. The layer2 network token rose by 77% in the last 30 days. Its market cap stood at $400.34 million.

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