Daily Crypto Market Update – Solana Leads Top Ten Cryptocurrencies as Bitcoin Maintains $30,000
Over the last 24 hours, the crypto market has recorded $21 billion in net outflows. The total market capitalization is currently $1.23 trillion. The most popular crypto asset Bitcoin saw its market valuation fall 0.46% to $580.24 billion. Further, Ethereum’s market cap dropped 2.26% to $225.67 billion.
At press time, most of the leading ten crypto assets by market capitalization were in the red except Solana, which rose 4.83%. Polygon, Litecoin, XRP, BNB, and Cardano were the biggest losers, shedding more than 3% of their values.
Meanwhile, it appears that USDT is the biggest beneficiary of BUSD’s troubles. The Tether-issued stablecoin has seen inflows of $100 million that led to its market cap rising to $80.52 billion, while that of BUSD fell by almost the same figure to $6.88 billion. The market valuation of Circle’s USDC remained steady at $32.38 billion.
Bitcoin
Despite BTC dropping by 0.31% to trade at $30,021, its market dominance rose to 47.6% from 47.1%. The largest crypto asset found its support at $29,909 on Wednesday morning but rose an hour later. Since then, the price has been relatively steady.
ETH dropped by 1.7% over the last 24 hours. It now trades at $1,912 after touching a daily low of $1,876. The second-biggest crypto asset saw its market share decline from 18.8% to 18.5%.
Top Five Gainers
TEMDAO: TEM was Tuesday’s biggest loser but has since recovered the losses. The token rose 37.96% to trade for $0.03 as of this writing. Its market capitalization surged to $961.42 million.
Request Network: REQ has posted 24-hour gains of 14.07% to trade at $0.11. The ERC-20 token has jumped 18.4% in the last thirty days. Its market cap stands at $114.83 million.
Radix: XRD has been enjoying a significant rally since mid-march. The token is up 6.94% in the last 24 hours and has recorded 30-day gains of 41%. It is currently priced at $0.05, and its market cap stands at $546.39 million.
Injective: INJ has posted gains of 5.47% to $6.67. Its market valuation rose to $532.27 million. The Pos (proof-of-stake) layer-1 blockchain launched its hackathon program last week in an effort to create awareness of its ecosystem.
Solana: As mentioned earlier, SOL is up 4.83% to trade at $23.51 as of this writing. However, despite the latest gains, the token is down 10.3% over the past month. Its market cap is $9.3 billion.
Top Five Losers
OMG Network: OMG is the day’s top loser after shedding 10.76% of its value. It is trading for $1.4 at press time. The ERC-20 token has recorded a 7-day drop of 3.4%. Its market valuation declined to $197.17 million.
HEX: The token is priced at $0.07 after falling by 10.64%. It has been on a downtrend since late last month, dropping by 12% over the last fourteen days. Its market cap stands at $135.12 million.
Conflux Network: CFX plummeted by 9.26% to $0.38. The token rose by almost 16% yesterday and was among the biggest gainers. Its market valuation is now $123.19 million.
Rocket Pool: RPL becomes one of the day’s top losers, following a drop of 9.19%. It has posted 7-day losses of 10.5% to trade at $43.29 as of this writing. Its market cap is down to $833.79 million.
Lido DAO Token: LDO declined by 8.16% to reach $2.23. The 31st largest crypto has a market valuation of $1.99 billion.
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