CryptoSlate wMarket Update: Dogecoin soars 30% – outpacing other large caps cryptocurrencies

The cryptocurrency market cap saw net inflows of $3.8 billion and currently stands at $1.18 trillion — up 0.3% from $1.18 trillion.

During the last 24 hours, Bitcoin’s market cap fell 0.7% to $546.04. Ethereum’s market cap grew by 1.1% to $220.89 billion.

Over the reporting period, the top 10 crypto assets recorded a mixed performance, with Dogecoin posting near 30% gains. In contrast, XRP brings up the rear, falling 3.6% in value.

The market caps of Tether (USDT) and USC Coin (USDC) increased to $79.9 billion and $32.7 billion, respectively. Meanwhile, the market cap of Binance USD fell to $7.4 billion.

Bitcoin

In the last 24 hours, Bitcoin decreased by 0.7% to trade at $28,232 as of 07:00 ET. Its market dominance fell to 46.1% from 46.5%.

Over the reporting period, Bitcoin fell to find support at $27,202. The resulting recovery saw a gradual uptrend, peaking at $28,352 after 06:00 (ET).

Ethereum

Over the last 24 hours, Ethereum grew 1.1% to trade at $1,832 as of 07:00 ET. Its market dominance increased to 18.7% from 18.5%.

Since yesterday, Ethereum recorded a local top of $1,840, followed by a sharp dip that bottomed at $1,769. The subsequent recovery peaked at $1,838.

Top 5 Gainers

ICON

ICX is the day’s biggest gainer growing 53.8% over the last 24 hours to $0.40549 as of press time. The project held a hackathon recently. Its market cap stood at $386.49 million.

Dogecoin

DOGE grew 30% to $0.10245 during the reporting period. Twitter changed its homepage logo to a doge, prompting rumors of crypto integration on the social media platform. Its market cap stood at $13.98 billion.

0x

ZRX gained 21.2% to trade at $0.33883 at the time of writing. The project was yesterday’s top loser. Nonetheless, the token is up 56.5% over the past week. Its market cap stood at $287.16 million.

IoTeX

IOTX is up 16.1% to $0.03125 as of press time. The project launched its Improvement Proposal program recently. Its market cap stood at $295.24 million.

FLEX

FLEX rose 7.1% to $2.59124 over the last 24 hours. The Seychelles court approved CoinFLEX’s restructuring proposal recently. The project is expected to rebrand to OPNX soon. Its market cap stood at $255.66 million.

Top 5 Losers

Kaspa

KAS is the day’s biggest loser, falling 12.9% to trade at $0.03396 at the time of writing. Despite today’s drawdown, the token is up 170.3% over the past month. Its market cap stood at $601.48 million.

Conflux Network

CFX is down 7.5% to $0.36675 as of press time. The project recently announced a strategic partnership with Kepler42B_ZK Planet to develop zero-knowledge-proof technology. Its market cap stood at $1.02 billion.

Hedera

HBAR declined 6.6% to $0.06787 over the reporting period. The HBAR Foundation announced former Acting Comptroller of the OCC, Brian Brooks, joined its board. Its market cap stood at $2.07 billion.

CORE

CORE dropped by 6.5% to trade at $1.52912. The project announced its CORE Faucet bridging solution. Its market cap stood at $118.61 million.

JOE

JOE decreased 5.7% to $0.58648. Its Auto Pools function launched, enabling automated liquidity management. Its market stood at $197.31 million.

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