CryptoSlate wMarket Update: Gaming tokens Axie Infinity, Gala, Decentraland shine in flat market

The cryptocurrency market saw net outflows of $2.6 billion over the last 24 hours and currently stands at $1.12 trillion — down 0.2% from $1.13 trillion.

During the reporting period, the Bitcoin (BTC) and Ethereum (ETH) market caps fell 0.6% and 0.4% to $520.51 billion and $217.14 billion, respectively.

The top 10 crypto assets posted a mixed performance over the last 24 hours. XRP leads the pack with 5.5% gains after Judge Hinman refused the SEC’s motion to seal the Hinman documents, followed by Litecoin, up 4.1% with the ongoing halving narrative. Solana brings up the rear, posting 1.2% losses.

The market caps of Tether (USDT,) USD Coin (USDC,) and Binance USD (BUSD) fell to $82.84 billion, $29.64 billion, and $5.55 billion, respectively.

Bitcoin

In the last 24 hours, Bitcoin fell 0.6% to trade at $26.864 as of 07:00 ET. Its market dominance fell to 46.4% from 46.5%.

During the reporting period, BTC topped out at $27,245 by Tuesday evening (ET,) leading into a downtrend that accelerated to the downside during the early hours of today — finding support at $26,760.

Ethereum

In the last 24 hours, Ethereum decreased 0.4% to trade at $1,805 as of 07:00 ET. Its market dominance fell to 19.3% from 19.4%.

Over the reporting period, ETH saw an uptrend that topped out at $1,837 on Tuesday evening (ET) — leading to a dip in price that bottomed at $1,803 in the early hours of today. A tight-ranging pattern followed, with ETH closing subsequent 15-minute candles between $1,804 and $1,808.

Top 5 Gainers

Axie Infinity

AXS is the day’s biggest gainer, growing 13% over the last 24 hours to $7.69020 as of press time. The Axie Infinity game is now listed on the Apple App Store. Its market cap stood at $899.42 million.

Gala

GALA jumped 12.5% to $0.03417 over the last 24 hours. The project has migrated to a new contract address as part of an expansion plan that includes token burns. Its market cap stood at $238.43 million.

Decentraland

MANA grew 9.3% over the last 24 hours to $0.51553 as of press time. The project will host its “Wearable Wednesday” Twitter Space today. Its market cap stood at $968.31 million.

RenderToken

RNDR rose 6.6% to $1.97746 as of press time. The company Twitter achieved a milestone of 88,000 followers on Tuesday. Its market cap stood at $719.62 million.

Dash

DASH gained 5.3% to trade at $44.8293 at the time of writing. Dash recently hosted a core development update. Its market cap stood at $505.67 million.

Top 5 Losers

HEX

HEX is the day’s biggest loser falling 20% to $0.02793 at the time of writing. The PulseChain mainnet launched recently. Its market cap stood at $4.84 billion.

tomiNET

TOMI dropped 10.9% to trade at $3.33286. CryptoDiffer noted that tomiNET was the leading project by Daily Active Addresses in the last 30 days. Its market cap stood at $132.12 million.

DAO Maker

DAO plunged 9.4% to trade at $1.40297 as of press time. DAO Maker was a top-five gainer yesterday off the back of interest in its incubated Tenet layer 1 chain. Its market cap stood at $201.95 million.

Kaspa

KAS lost 9.1% to $0.01909 over the reporting period. The project gave a Rust Development Update recently. Its market cap stood at $354.45 million.

Open Campus

EDU fell 6.3% to $1.10943 over the reporting period. The project opened its Global Educators Fund recently. Its market cap stood at $161 million.

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