Dogecoin rally defies total market sentiment

by Jeremy

The cryptocurrency market cap noticed internet outflows of round $5.59 billion during the last 24 hours and at present stands at $1,041.72 billion — down 0.65% from $1,047.31 billion.

Over the reporting interval, Bitcoin and Ethereum’s market cap fell by 1.06% and 0.74% to $441.02 billion and $192.3 billion, respectively.

All high 10 crypto belongings printed losses besides Dogecoin, Litecoin, and BNB. DOGE rose the very best following information that Elon Musk plans to construct a fee system that would assist crypto on Twitter.

CryptoSlate wMarket update
Supply: CryptoSlate.com

During the last 24 hours, the market cap of Tether (USDT) grew to $67.82 billion. However, the market caps of USD Coin (USDC) and BinanceUSD (BUSD) marginally decreased to $42.72 billion and $15.73 billion, respectively.

Bitcoin

During the last 24 hours, Bitcoin fell 1.53% to commerce at $22,877 as of 07:00 ET. Its market dominance dropped to 42.4% from 42.5%.

In the course of the reporting interval, Bitcoin noticed its third-highest lengthy liquidation of the 12 months, as merchants holding lengthy positions within the asset have been liquidated following its decline to underneath $23,000.

CryptoSlate wMarket update
BTC Value Efficiency (Supply: Tradingview.com)

Ethereum

Ethereum misplaced 0.88% during the last 24 hours to commerce at $1,570 as of 07:00 ET. Its market dominance rose to 18.5% from 18.4%.

ETH value motion mirrored BTC, buying and selling principally sideways after bottoming at $1,546 over the reporting interval.

CryptoSlate wMarket update
ETH Value Efficiency (Supply: Tradingview.com)

Prime 5 Gainers

Everscale

EVER is the day’s greatest gainer for the second consecutive day, rising 70.91% over the reporting interval to $0.16 as of press time. The venture builders have described the brand new curiosity and development inside its ecosystem as natural, promising new updates sooner or later. Its market cap stood at $291.63 million.

MobileCoin

MOB rose 58.34% within the final 24 hours to $1.74 as of press time. The privacy-focused asset has elevated by 48% within the earlier seven days. Its market cap stood at $128.81 million.

Wrapped Everscale

The wrapped model of Everscale, WEVER, is among the many day’s high gainers. The token has elevated by 38% to $0.087. Its market cap stood at $151.24 million.

Voyager Token

VGX gained 31.37% within the final 24 hours to commerce at $0.53 as of press time. Alameda Analysis has filed a lawsuit in opposition to Voyager to claw again its $446 million mortgage reimbursement. Its market cap stood at $150.28 million.

Masks Community

MASK jumped 26.99% over the reporting interval to $3.72. The content material creation token’s worth rallied following information of Elon Musk’s plan to construct a fee system that would assist crypto on Twitter. Its market cap stood at $254.23 million.

Prime 5 Losers

Conflux Community

CFX is the day’s greatest loser, reducing 11.37% over the reporting interval to $0.053 as of press time. The token has skilled a large sell-off within the final 48 hours, buying and selling at 95% under its all-time excessive. Its market cap stood at $111.11 billion.

Hooked Protocol

HOOK’s worth declined for the second consecutive day, falling by 11.18 within the final 24 hours to $3.11. The protocol is making an attempt to attract curiosity with the launch of its Hooked Avatar NFTs. Its market cap stood at $139.5 million.

BitDAO

BIT plunged 10.57% to $0.49. Regardless of the broader crypto market rally, the governance token has been down 7% over the previous month. Its market cap stood at $1.04 billion.

Alethea Synthetic Liquid Intelligence Token

ALI is on the highest losers’ checklist for the second consecutive day. It’s down 10.15% over the reporting interval to $0.032 as of press time. The AI token has fallen by almost 10% within the final seven days. Its market cap stood at $115.64 million.

SKALE Community

SKL misplaced 9.41% to commerce at $0.033 as of press time. Its market cap stood at $139.43 million.

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