Dogecoin leads large caps during flat 24 hours

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The cryp­tocur­ren­cy mar­ket cap saw net inflows of $1.1 bil­lion over the last 24 hours and cur­rent­ly stands at $832.1 bil­lion, up 0.14% over the report­ing period.

Bitcoin’s mar­ket cap fell 0.1% to $317.6 bil­lion from $317.9 bil­lion, and Ethereum’s decreased 0.1% to $146.1 bil­lion from $146.3 billion.

The top 10 cryp­tocur­ren­cies saw a mixed per­for­mance. Lite­coin record­ed the biggest loss over the peri­od, down 1.9%. How­ev­er, Doge­coin and XRP post­ed 9.2% and 7.4% gains, respectively.

Top 10 cryptocurrencies
Source: CryptoSlate.com

Over the report­ing peri­od, USD Coin’s (USDC) mar­ket cap increased to $44 bil­lion, while BinanceUSD’s (BUSD) decreased to $22.6 bil­lion. Mean­while,  Tether’s (USDT) mar­ket cap remained flat at $65.3 billion.

Bitcoin

In the last 24 hours, Bit­coin fell 0.2% to trade at $16,529 as of 07:00 ET. As a result, its mar­ket dom­i­nance fell slight­ly to 38.2% from 38.3% over the report­ing period.

Since the last report, Bit­coin trend­ed low­er to bot­tom at $16,340 dur­ing the ear­ly hours of Fri­day (ET). How­ev­er, bulls man­aged to raise the price to $16,590 just after 06:00.

Bitcoin chart
Source: TradingView.com

Ethereum

ETH decreased by 0.2% over the last 24 hours to trade at $1,193 as of 07:00 ET. As a result, its mar­ket dom­i­nance fell slight­ly to 17.5% from 17.6% over the report­ing period.

Price action for Ethereum mir­rored Bit­coin. Sup­port was found at $1,171 ear­ly Fri­day morn­ing (ET). The ensu­ing bounce topped out at $1,199 just after 06:00.

Ethereum chart
Source: TradingView.com

Top 5 Gainers

Ren

REN is the day’s biggest gain­er, grow­ing 30.1% as of press time to trade at $0.10512. Hav­ing hit a local bot­tom of $0.0695 on Nov. 22, the token has been surg­ing high­er since. The rea­son for this is unknown at this time. Its mar­ket cap stood at $105.02 million.

Chrono.tech

TIME is up 22.2% over the report­ing peri­od to $169.711. The token is up 181% over the past 30 days. Its mar­ket cap stood at $120.51 million.

Kaspa

KAS increased by 15.5% over the last 24 hours to trade at $0.00838 as of press time. Kas­pa devs held a recent AMA with the MEXC exchange. Its mar­ket cap stood at $122.61 million.

FTX Token

FTT increased by 11.5% to $1.44004 over the report­ing peri­od. It is unknown why the token spiked high­er. Its mar­ket cap stood at $473.62 million.

Dogecoin

DOGE gained 9.2% in the last 24 hours to trade at $0.08842 as of press time. The rea­son is unclear, how­ev­er, the Twit­ter-Doge­coin nar­ra­tive is being pushed on socials once again. Its mar­ket cap stood at $11.73 billion.

Top 5 Losers

WEMIX

WEMIX is the day’s biggest los­er sink­ing 25% over the last 24 hours to $0.37206 as of press time. Sev­er­al Kore­an exchanges announced delist­ing the token over con­cerns includ­ing fraud­u­lent cir­cu­lat­ing sup­ply. The token val­ue has plum­met­ed 75.6% over the past week. Its mar­ket cap stood at $90.89 million.

Nano

XNO sank 20.3% over the report­ing peri­od to trade at $0.82242. Nano was yesterday’s top gain­er, up 67.1%. Despite today’s draw­down, the token remains 37% up over the past week, Its mar­ket cap stood at $109.59 million.

Orbs

ORBS decreased 18.6% to $0.02647 over the last 24 hours. Like Nano, Orbs was also a top-five gain­er yes­ter­day. Its mar­ket cap stood at $76.15 million.

Bitcoin Standard Hashrate Token

BTCST fell 11.2% over the last 24 hours to $6.06738 as of press time. The per­for­mance of the Bit­coin min­ing liq­uid­i­ty pro­to­col is like­ly reflect­ing wider pres­sures across the BTC min­ing indus­try. Its mar­ket cap stood at $74.03 million.

Voyager Token

VGX decreased by 10.4% over the last 24 hours to $0.42247 as of press time. Binance has sig­naled inter­est in acquir­ing the bank­rupt trad­ing plat­form, it is unclear why the token fell today. Its mar­ket cap stood at $117.65 million.

Post­ed In: Bit­coin, Wrapped

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