CryptoSlate Daily wMarket Update: Dogecoin rally defies overall market sentiment

The cryptocurrency marketplace headdress saw nett outflows of astir $5.59 cardinal implicit the past 24 hours and presently stands astatine $1,041.72 cardinal — down 0.65% from $1,047.31 billion.

Over the reporting period, Bitcoin and Ethereum’s marketplace headdress fell by 1.06% and 0.74% to $441.02 cardinal and $192.3 billion, respectively.

All apical 10 crypto assets printed losses but Dogecoin, Litecoin, and BNB. DOGE roseate the highest pursuing quality that Elon Musk plans to physique a outgo strategy that could enactment crypto connected Twitter.

Source: CryptoSlate.com

Over the past 24 hours, the marketplace headdress of Tether (USDT) grew to $67.82 billion. On the different hand, the marketplace caps of USD Coin (USDC) and BinanceUSD (BUSD) marginally decreased to $42.72 cardinal and $15.73 billion, respectively.

Bitcoin

Over the past 24 hours, Bitcoin fell 1.53% to commercialized astatine $22,877 arsenic of 07:00 ET. Its marketplace dominance dropped to 42.4% from 42.5%.

During the reporting period, Bitcoin saw its third-highest long liquidation of the year, arsenic traders holding agelong positions successful the plus were liquidated pursuing its diminution to nether $23,000.

BTC Price Performance (Source: Tradingview.com)

Ethereum

Ethereum mislaid 0.88% implicit the past 24 hours to commercialized astatine $1,570 arsenic of 07:00 ET. Its marketplace dominance roseate to 18.5% from 18.4%.

ETH terms enactment mirrored BTC, trading mostly sideways aft bottoming astatine $1,546 implicit the reporting period.

ETH Price Performance (Source: Tradingview.com)

Top 5 Gainers

Everscale

EVER is the day’s biggest gainer for the 2nd consecutive day, expanding 70.91% implicit the reporting play to $0.16 as of property time. The task developers person described the caller involvement and maturation wrong its ecosystem arsenic organic, promising caller updates successful the future. Its marketplace headdress stood astatine $291.63 million.

MobileCoin

MOB roseate 58.34% successful the past 24 hours to $1.74 arsenic of property time. The privacy-focused plus has accrued by 48% successful the erstwhile 7 days. Its marketplace headdress stood astatine $128.81 million.

Wrapped Everscale

The wrapped mentation of Everscale, WEVER, is among the day’s apical gainers. The token has accrued by 38% to $0.087. Its marketplace headdress stood astatine $151.24 million.

Voyager Token

VGX gained 31.37% successful the past 24 hours to commercialized astatine $0.53 arsenic of property time. Alameda Research has filed a suit against Voyager to claw backmost its $446 cardinal indebtedness repayment. Its marketplace headdress stood astatine $150.28 million.

Mask Network

MASK jumped 26.99% implicit the reporting play to $3.72. The contented instauration token’s worth rallied pursuing quality of Elon Musk’s program to physique a outgo strategy that could enactment crypto connected Twitter. Its marketplace headdress stood astatine $254.23 million.

Top 5 Losers

Conflux Network

CFX is the day’s biggest loser, decreasing 11.37% implicit the reporting play to $0.053 as of property time. The token has experienced a monolithic sell-off successful the past 48 hours, trading astatine 95% beneath its all-time high. Its marketplace headdress stood astatine $111.11 billion.

Hooked Protocol

HOOK’s worth declined for the 2nd consecutive day, falling by 11.18 successful the past 24 hours to $3.11. The protocol is trying to gully involvement with the motorboat of its Hooked Avatar NFTs. Its marketplace headdress stood astatine $139.5 million.

BitDAO

BIT plunged 10.57% to $0.49. Despite the broader crypto marketplace rally, the governance token has been down 7% implicit the past month. Its marketplace headdress stood astatine $1.04 billion.

Alethea Artificial Liquid Intelligence Token

ALI is connected the apical losers’ database for the 2nd consecutive day. It is down 10.15% implicit the reporting play to $0.032 arsenic of property time. The AI token has fallen by astir 10% successful the past 7 days. Its marketplace headdress stood astatine $115.64 million.

SKALE Network

SKL mislaid 9.41% to commercialized astatine $0.033 arsenic of property time. Its marketplace headdress stood astatine $139.43 million.

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