Daily Crypto Market Update – HEX Leads Top Gainers Following a 10.3% Growth
The crypto market capitalization has plunged to $1.127 trillion after losing $12.39 billion to net outflows. Ethereum’s market cap is down 1.12% to $217 billion, while Bitcoin’s stands at $520.27 billion after falling by 1.83%.
Most of the top ten cryptocurrencies have lost Thursday’s gains. Cardano declined by 1.23% to become the leading loser. It’s priced at $0.363 as of this writing. Meanwhile, XRP is still on an uptrend thanks to recent developments around its issuer Ripple. The company acquired crypto custodial giant Metaco earlier this week. With a 24-hour growth of 2.76%, XRP is trading at $0.465 as of Friday evening.
Stablecoins News
For the first this week, USDC’s market capitalization has seen some growth. It’s up to $29.61 billion. Similarly, USDT’s market valuation has grown to $82.86 billion while BUSD’s held steady at $5.56 billion.
Bitcoin
During the past 24 hours, BTC fell below $27,000 to find support at $26,365 before rising to its current price of $26,857. The coin’s market dominance has dropped to 46.32%.
ETH has posted minimal losses (0.69%) to trade at $1,814 as of this writing. It dominates 19.46% of the market. During the last 24 hours, Ethereum retested resistance at $1,823, then dropped to find support at $1,776.
Top Five Gainers
HEX: This token, which has a market capitalization of $5.64 million, is up 10.3% to trade for $0.322. The rally can be attributed to the recent project’s milestones, such as the launch of the long-awaited network called PulseChain. In addition, over one billion tokens have been burned over the last few weeks. Whether these factors are enough to keep HEX in the green remains to be seen.
Injective: INJ is valued at $6.955 after rising by 5.74% during the last 24 hours. Its market capitalization stands at $556.43 million. The project will soon join cross-chain bridge Wormhole.
Polymesh: Since Binance became a Polymesh node operator early last month, interest in POLYX has escalated. The crypto asset is trading at $0.166 following a 5.14% increase. Its market cap has risen to $106.14 million.
Cocos-BCX: From today, this project will be referred to as COMBO after successfully rebranding earlier. The event drove COCOS’ price up 4.41% to trade at $1.707 as of Friday evening. Its market valuation stands at $121.31 million.
Bitget Token: BGB surged 3.89% hours after crypto exchange Bitget released its first quarter Transparency report. The token is valued at $0.477 with a market cap of $669.19 million.
Top Five Losers
Kaspa: KAS has taken the top loser spot after plunging by 18.42% to trade at $0.0156 as of this writing. Its market cap stands at $291.86 million. On Friday morning, Kaspa announced plans to include more languages in its mobile wallet, Kaspium.
JOE: Despite the project announcing the release of new collectibles along with various rewards yesterday, JOE has seen its value decline by 6.94% to $0.368. Its market capitalization is $123.97 million.
Bitgert: BRISE has been in free fall since Thursday. It’s down 6.01% to trade at $0.000000329 as of Friday evening. Its market valuation stands at $130.72 million.
Optimism: With a market cap of $571.26 million, OP trades at $1.703 after sinking by 5.72%. Optimism joined Wormhole recently.
PEPE: The buzz around this meme coin is slowly fading. Over the last 24 hours, PEPE has lost 5.02% of its value to change hands for $0.00000152. Its market cap is $593.96 million.
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