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Solana prints losses in mute market performance

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Over the last 24 hours, the cryptocurrency market cap saw net inflows of around $8 billion and currently stands at $836.19 billion as of press time — up 0.98% from $828.16 billion on Nov. 17.

Bitcoin’s market cap increased by 1% to $322 billion from $318.5 billion. Ethereum’s market cap rose by 1.28% to $149.1 billion from $146.8 billion.

The top 10 cryptocurrencies all recorded minor gains over the reporting period. The only outlier was Solana which lost 4.48%. BTC and ETH rose by 0.91% and 1.23%, respectively.

CryptoSlate wMarket update
Source; CryptoSlate

Over the reporting period, the market cap of Tether (USDT) remained flat at $65.9 billion, while the market caps of USD Coin (USDC) and BinanceUSD (BUSD) decreased to $44.09 billion, and $22.9 billion, respectively.

Bitcoin

In the last 24 hours, Bitcoin gained 0.91% to trade at $16,733 as of 07:00 ET. Its market dominance remained flat at 38.5% over the reporting period.

During trading hours, BTC peaked at $16,947 and bottomed at $16,479. Market participants are still trading cautiously due to the fears of contagion.

CryptoSlate wMarket update
BTC 24- Hour Price Performance (Source: Tradingview)

Ethereum

ETH increased by 1.23% in the last 24 hours, trading for $1,215 as of 07:00 ET. Its market dominance remained at 17.8% over the reporting period.

ETH hit a local top of $1,226 during the last 24 hours and bottomed at $1,189.

CryptoSlate wMarket update
BTC 24- Hour Price Performance (Source: Tradingview)

Top 5 Gainers

SSV.Network

SSV is the day’s biggest gainer, growing by24.36% as of press time to $10.14. It was unclear why the token was rising as of press time. Its market cap stood at $102.81 million.

Powerledger

POWR is up 19.57% over the reporting period to $0.16. Its market cap stood at $78.21 million.

Volt Inu V2

VOLT increased by 19.07% over the last 24 hours to $0.0000019067 as of press time. The token grew over 90% in the past week. Its market cap stood at $104.12 million.

SafePal

SFP gained 16.33% in the last 24 hours to trade at $0.73 as of press time. The token has risen by 123% over the last seven days. Its market cap stood at $80.01 million.

Energy Web Token

EWT increased by 13.58% to $3.89 over the reporting period. Its market cap stood at $117.08 million.

Top 5 Losers

Fruits

The day’s biggest loser was FRTS which shed 7.03% of its value in the last 24 hours to $0.011 as of press time. The digital asset has shed over 14% of its value in the last seven days. Its market cap stood at $233.79 million.

Synapse

SYN fell 5.04% over the reporting period to $0.63 as of press time. Its market cap stood at $88.71 million.

Solana

SOL continues to struggle following FTX’s implosion. The blockchain network token SOL decreased by 4.48% over the reporting period to $13.54. Its market cap stood at $4.91 billion.

dYdX

DYDX recorded a 4.45% loss over the reporting period to trade at $2.14 as of press time. The DEX token has risen by over 11% in the last seven days. Its market cap stood at $140.4 million

Kaspa

KAS was down 3.99% to $0.00618 as of press time. The PoW token is one of the few market outliers over the last thirty days — with a 262% gain. Its market cap stood at $89.32 million.

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