CryptoSlate wMarket Update: XRP outperforms large caps in flat crypto market

In a relatively flat crypto market, XRP has emerged as the top performer among large cap coins. CryptoSlate’s market update highlights XRP’s recent gains and provides insights into the overall state of the market. Stay informed with the latest developments in cryptocurrency through CryptoSlate.

In the world of cryptocurrency, the market cap saw net inflows of $1.2 billion, bringing the total to $1.178 trillion, up 0.1% from the previous amount. Bitcoin’s market cap increased by 0.5% to $540.26 billion, while Ethereum’s market cap fell by 0.1% to $223.85. Despite this, both cryptocurrencies saw activity over the 24-hour period, with Bitcoin reaching a peak of $28,182 before settling at $27,958, and Ethereum testing $1,883 resistance twice before dropping to $1,859.

Over the same period, the top 10 crypto assets recorded mixed results, with XRP leading the gainers by growing 2.9%, while Dogecoin continued to bleed out, having lost 6.6% since the previous day. Other cryptocurrencies like Tether (USDT) and USD Coin (USDC) increased in market cap, while Binance USD (BUSD) fell.

In terms of the biggest gainers of the day, MiL.k (MLK) emerged as the top gainer, growing 17.2% to $0.52876, followed by Enjin Coin (ENJ), which grew 15.8% to $0.47764 after announcing a new platform. Alchemy Pay (ACH) also gained 13.7%, while Injective (INJ) was up by 10.7%. ICON rose 7.6% despite being yesterday’s biggest loser.

On the other side of the spectrum, Ontology (ONT) was the biggest loser of the day, falling 11.3% to $0.29279, despite being up 36.3% over the past month. HEX declined by 9.1%, while Dogecoin dropped by 7%. Neo decreased by 5.5%, and Kaspa (KAS) lost 3.5%.

Overall, the cryptocurrency market was relatively flat, with XRP outperforming large caps. Despite this, the market showed some activity and potential for growth in the days to come.

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