(BTC) Bitcoin News TodayAxie Infinity (AXS)BlockchainCryptocurrencyDecentraland (MANA)Ethereum (ETH)GALAGamesNewsOn-chain Data / AnalysisPrice AnalysisRipple (XRP)TradingWeb3

Daily Crypto Market Update – Gaming Tokens Decentraland, Gala, Axie Infinity Shine Amid Flat Market

The total crypto market capitalization has continued to decline today. It stands at $1.13 trillion following 24-hour net outflows of more than $2.61 billion. Bitcoin and Ethereum have seen their market valuations plunge 0.64% and 0.47% to $520.54 billion and $217.18 billion, respectively.

The top ten cryptocurrencies have performed varyingly today. XRP posted the biggest gains (5.6%) to trade at $0.44. The rally comes after the Judge presiding over the case involving Ripple and the Securities and Exchange Commission (SEC) denied a motion filed by the latter asking the court to seal William Hinman’s documents. Hinman is SEC’s former Finance Director who, in June 2018, said Ethereum was not a security.

Moving forward, Litecoin posted the second-biggest gains (4.1%) to change hands for $92.13. On the other hand, Solana was the top loser after posting a 1.3% drop to trade for $20.59.

Meanwhile, USDT’s market cap has dropped for the first time since February. It now stands at $82.83 billion. USDC and BUSD have also plummeted to $29.63 billion and $5.56 billion, respectively.



BTC is trading at $26,769, following a decline of 0.68%. Over the last 24 hours, its market share fell to 46.3%.

The biggest cryptocurrency by market capitalization retested the $27,467 resistance level on Wednesday morning. The current price is below the $26,850 support level, meaning the bears have taken charge and may be looking to sink BTC further to $26,100.


ETH plunged 0.42% to $1,797. It is now trading below the $1,804 support level. Increased selling pressure may cause Ethereum to find second support at $1,732. The token dominates about 19.6% of the crypto market.

📰 Also read:  XRP Holders Makes Mass Exodus After Negative Comments, ScapesMania Climbs

Top Five Gainers

Axie Infinity: AXS grew by 13.4% after the app got listed on Apple’s App Store. The listing is a positive sign for the Web3 developers who have previously had their apps rejected by the tech giant. The gaming token is priced at $7.69 with a market valuation of $899.43 million.

GALA: This is another gaming token that has rallied significantly in the last 24 hours. It’s up 12.57% to trade for $0.034 as of this writing. The project completed its migration to a new smart contract address earlier today. The new address includes a token burn mechanism. GALA’s market cap is $238.44 million.

Decentraland: MANA has seen a 9.32% growth in the 24 hours. It’s currently priced at $0.515 with a market cap of $968.29 million. The project’s weekly Twitter Space, ‘Wearable Wednesday, will take place today.

RenderToken: RNDR is valued at $1.977 after rising by 6.67%. Its market cap has settled at $719.63 million as of this writing. The project’s Twitter account reached 88,000 followers today.

DASH: The token has been growing since its developers shared a major development update a few days ago. It rose by 5.31% to $44.829 during the past 24 hours. DASH’s market cap is $505.68 million.

Top Five Losers

HEX: The crypto asset takes the top loser spot after plummeting 20.12% to $0.027. HEX’s market capitalization declined by $1.23 billion to $4.85 billion within 24 hours.

tomiNET: TOMI trades at $3.332 after declining by 10.91%. Its market valuation has also plunged to $132.11 million. Blockchain analytics company CryptoDiffer recently revealed that no project had recorded more daily active addresses than tomiNET in April.

📰 Also read:  New Research Highlights Risks Associated with Top Governance Tokens

DAO Maker: DAO was a top gainer on Tuesday following the project’s announcement about the Tenet blockchain. The token, however, has plunged by 9.47% to $1.402. Its market cap stands at $201.96 million.

Kaspa: KAS is valued at $0.019 after a 24-hour drop of 9.16%. Its market capitalization currently stands at $354.43 million. On Tuesday, the team behind the project gave an update regarding the development of Rust, a massive engine upgrade for Kaspa.

Open Campus: EDU was among Tuesday’s top losers. The crypto asset has fallen by 6.32% to trade at $1.109 as of this writing. Its market capitalization is $161.13 million.

Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at if you have any questions. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Read full terms and conditions / disclaimer.

📰 Also read:  Ethereum Co-Founder Vitalik Buterin Addresses Deepfake Security Risks


Andrew Richard

Andrew is a news writer for Tokenhell, he enjoys tuning in to the daily crypto markets and writing about the latest updates and happenings.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Skip to content