CryptoSlate Daily wMarket Update: Axie Infinity records surprise 40% gains

1 year ago

The cryptocurrency marketplace headdress saw nett inflows of $73.96 cardinal since the last report connected Jan. 20 and presently stands astatine $1,050 cardinal — up 7.6% from $976.82 billion.

Bitcoin and Ethereum’s marketplace headdress grew 9% and 5.6% to $440.68 cardinal and $200.39 billion, respectively, since Jan. 20.

Over the past 24 hours, the apical 10 cryptocurrencies each posted gains, excluding Cardano and Solana, down 1% and 1.5% implicit the reporting period. Dogecoin leads the apical 10, gaining 4.6%, intimately followed by XRP astatine 4.1%.

Top 10 cryptocurrenciesSource: CryptoSlate.com

The marketplace caps of Tether (USDT) and USD Coin (USDC) accrued to $66.76 cardinal and $43.65 billion, respectively. By contrast, the BinanceUSD (BUSD) marketplace headdress fell to $16.04 billion.

Bitcoin

Over the past 24 hours, Bitcoin roseate 0.3% to commercialized astatine $22,874 arsenic of 07:00 ET. Its marketplace dominance grew to 42% from 41.4%.

Since Jan. 20, BTC saw a crisp uptick that topped retired astatine $23,388 connected Saturday. The ensuing downtrend recovered enactment astatine $22,299 connected Sunday evening London time.

Bitcoin chartSource: TradingView.com

Ethereum

Ethereum grew 0.6% implicit the past 24 hours to commercialized astatine $1,636 arsenic of 07:00 ET. Its marketplace dominance fell to 19.1% from 19.4%.

ETH mirrored Bitcoin’s terms movements, peaking astatine $1,680 earlier uncovering enactment astatine $1,603 during aboriginal Sunday greeting London time. The token has been ranging betwixt $1,628 and $1,643 today.

Ethereum chartSource: TradingView.com

Top 5 Gainers

Axie Infinity

AXS is the day’s biggest gainer, expanding 39.5% implicit the reporting play to $12.8113 arsenic of property time. The crushed for the terms spike is chartless astatine this time. Its marketplace headdress stood astatine $1.2 billion.

STEPN

GMT grew 25.9% successful the past 24 hours to $0.63895. The task precocious announced respective updates, including IRL events and additions to its roadmap. Its marketplace headdress stood astatine $383.37 million.

Smooth Love Potion

SLP roseate 24.1% successful the past 24 hours to $0.00342. The in-game currency of Axie Infinity is up implicit 54% implicit the past month. Its marketplace headdress stood astatine $145.65 million.

Hooked Protocol

HOOK gained 19.9% to commercialized astatine $2.72438 arsenic of property time. The gaming token roseate by implicit 60% successful the past 7 days. Its marketplace headdress stood astatine $136.22 million.

RenderToken

RNDR gained 19.2% successful the past 24 hours to $0.79934. The token is up implicit 87% implicit the past 30 days. Its marketplace headdress stood astatine $202.87 million.

Top 5 Losers

LUKSO

LYXe is the day’s biggest loser, falling 14.8% implicit the reporting play to $9.15080 arsenic of property time. Its marketplace headdress stood astatine $140.98 million.

Serum

SRM is down 7.2% implicit the reporting play to $0.40846. The Solana-based DEX experienced a resurgence pursuing cutting ties with FTX. Despite today’s sell-off, SRM is inactive up 185% implicit the past 30 days. Its marketplace headdress stood astatine $107.52 million.

SingularityNET

AGIX declined 6.2% to $0.18267 as of property time. Despite today’s dip, disconnected the backmost of involvement successful AI, AGIX is inactive up implicit 262% implicit the past 30 days. Its marketplace headdress stood astatine $219.04 million.

Bitgert

BRISE fell 4.9% successful the past 24 hours to $0.000000359454. Its marketplace headdress stood astatine $140.77 million.

LooksRare

LOOKS mislaid 5.4% successful the past 24 hours to $0.22047. Its marketplace headdress stood astatine $103.52 million.

The station CryptoSlate Daily wMarket Update: Axie Infinity records astonishment 40% gains appeared archetypal connected CryptoSlate.

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