Ethereum

Axelar

Axie Infinity

Cartesi

<p>The cryptocurrency market saw net inflows of $17.1 billion over the last 24 hours and currently stands at $1.14 trillion — up 1.5% from $1.12 trillion.</p>
<p>During the reporting period, the Bitcoin (<a href="http://www.cryptoslate.com/coins/bitcoin">BTC</a>) and Ethereum (<a href="http://www.cryptoslate.com/coins/ethereum">ETH</a>) market caps grew 1.8% and 1.2% to $529.94 billion and $219.63 billion, respectively.</p>
<p>The top 10 crypto assets recorded gains over the last 24 hours. XRP leads the pack, up 3.7%, due to positive developments in the SEC lawsuit and acquisition of custody firm Metaco. Litecoin posted the most minor gains, up 0.5%.</p>
<figure id="attachment_326277" aria-describedby="caption-attachment-326277" style="width: 1024px" class="wp-caption aligncenter"><img class="wp-image-326277 size-large" src="https://cryptoslate.com/wp-content/uploads/2023/05/wMarket-top10-landscape-7-1024x640.jpg" alt="Top 10 cryptocurrencies" width="1024" height="640" srcset="https://cryptoslate.com/wp-content/uploads/2023/05/wMarket-top10-landscape-7-1024x640.jpg 1024w, https://cryptoslate.com/wp-content/uploads/2023/05/wMarket-top10-landscape-7-300x188.jpg 300w, https://cryptoslate.com/wp-content/uploads/2023/05/wMarket-top10-landscape-7-768x480.jpg 768w, https://cryptoslate.com/wp-content/uploads/2023/05/wMarket-top10-landscape-7.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption id="caption-attachment-326277" class="wp-caption-text">Source: CryptoSlate.com</figcaption></figure>
<p>The market cap of Tether (USDT) grew to $82.85 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $29.49 billion, and $5.54 billion, respectively.</p>
<h2 id="bitcoin">Bitcoin</h2>
<p>In the last 24 hours, Bitcoin grew 1.8% to trade at $27,350 as of 07:00 ET. Its market dominance increased to 46.5% from 46.4%.</p>
<p>During the reporting period, BTC increased to top out at $27,500. Bitcoin bulls retained most of the gains, defending $27,160 to set off another uptrend in the early hours (ET).</p>
<figure id="attachment_326282" aria-describedby="caption-attachment-326282" style="width: 1024px" class="wp-caption aligncenter"><img class="wp-image-326282 size-large" src="https://cryptoslate.com/wp-content/uploads/2023/05/BTCUSDT_2023-05-18_19-00-17-1024x607.png" alt="Bitcoin chart" width="1024" height="607" srcset="https://cryptoslate.com/wp-content/uploads/2023/05/BTCUSDT_2023-05-18_19-00-17-1024x607.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/05/BTCUSDT_2023-05-18_19-00-17-300x178.png 300w, https://cryptoslate.com/wp-content/uploads/2023/05/BTCUSDT_2023-05-18_19-00-17-768x455.png 768w, https://cryptoslate.com/wp-content/uploads/2023/05/BTCUSDT_2023-05-18_19-00-17.png 1477w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption id="caption-attachment-326282" class="wp-caption-text">Source: TradingView.com</figcaption></figure>
<h2 id="ethereum">Ethereum</h2>
<p>In the last 24 hours, Ethereum increased 1.2% to trade at $1,826 as of 07:00 ET. Its market dominance stayed flat at 19.3%.</p>
<p>Over the reporting period, ETH price action followed a similar pattern to Bitcoin, peaking at $1,835 by early evening Wednesday. A slight dip bounced at $1,815, triggering a move higher that met resistance at $1,832.</p>
<figure id="attachment_326287" aria-describedby="caption-attachment-326287" style="width: 1024px" class="wp-caption aligncenter"><img class="wp-image-326287 size-large" src="https://cryptoslate.com/wp-content/uploads/2023/05/ETHUSDT_2023-05-18_19-00-26-1024x607.png" alt="Ethereum chart" width="1024" height="607" srcset="https://cryptoslate.com/wp-content/uploads/2023/05/ETHUSDT_2023-05-18_19-00-26-1024x607.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/05/ETHUSDT_2023-05-18_19-00-26-300x178.png 300w, https://cryptoslate.com/wp-content/uploads/2023/05/ETHUSDT_2023-05-18_19-00-26-768x455.png 768w, https://cryptoslate.com/wp-content/uploads/2023/05/ETHUSDT_2023-05-18_19-00-26.png 1477w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption id="caption-attachment-326287" class="wp-caption-text">Source: TradingView.com</figcaption></figure>
<h2 id="top-5-gainers">Top 5 Gainers</h2>
<h3 id="a-href-https-cryptoslate-com-coins-rendertoken-rendertoken-a"><a href="https://cryptoslate.com/coins/rendertoken/">RenderToken</a></h3>
<p>RNDR is the day&#8217;s biggest gainer, growing 17.5% over the last 24 hours to $<span class="holepunch holepunch-coin_price_usd">2.34706</span> <span class="holepunch holepunch-coin_price_usd">as of press time. Its market cap stood at $<span class="holepunch holepunch-coin_market_cap_usd">854.12</span> million.</span></p>
<h3 id="a-href-https-cryptoslate-com-coins-cocos-bcx-cocos-bcx-a"><a href="https://cryptoslate.com/coins/cocos-bcx/">Cocos-BCX</a></h3>
<p>COCOS grew 16.8% over the last 24 hours to $<span class="holepunch holepunch-coin_price_usd">1.63858</span> as of press time. Binance will support the upcoming token swap and rebrand to COMBO. Its market cap stood at $<span class="holepunch holepunch-coin_market_cap_usd">116.42</span> million.</p>
<h3 id="a-href-https-cryptoslate-com-coins-tomochain-tomochain-a"><a href="https://cryptoslate.com/coins/tomochain/">TomoChain</a></h3>
<p>TOMO rose 16.5% to $<span class="holepunch holepunch-coin_price_usd">1.04347</span> as of press time. The project will attend Web3 Berlin on June 10-11. Its market cap stood at $<span class="holepunch holepunch-coin_market_cap_usd">105.35</span> million.</p>
<h3 id="a-href-https-cryptoslate-com-coins-cartesi-cartesi-a"><a href="https://cryptoslate.com/coins/cartesi/">Cartesi</a></h3>
<p>CTSI jumped 16.2% to $<span class="holepunch holepunch-coin_price_usd">0.19932</span> over the last 24 hours<span class="holepunch holepunch-coin_price_usd">. Cartesi hosted a panel discussion with other Ethereum ecosystem projects on May 17. Its market cap stood at $<span class="holepunch holepunch-coin_market_cap_usd">144.18</span> million.</span></p>
<h3 id="a-href-https-cryptoslate-com-coins-ssv-network-ssv-network-a"><a href="https://cryptoslate.com/coins/ssv-network/">ssv.network</a></h3>
<p>SSV gained 11.9% to trade at $<span class="holepunch holepunch-coin_price_usd">23.8130</span> at<span class="holepunch holepunch-coin_price_usd"> the time of writing. The project announced partnering with Unamano for ETH staking applications. Its market cap stood at $<span class="holepunch holepunch-coin_market_cap_usd">238.13</span> million.</span></p>
<h2 id="top-5-losers">Top 5 Losers</h2>
<h3 id="a-href-https-cryptoslate-com-coins-axie-infinity-axie-infinity-a"><a href="https://cryptoslate.com/coins/axie-infinity/">Axie Infinity</a></h3>
<p>AXS is the day&#8217;s biggest loser falling 6.1% to $<span class="holepunch holepunch-coin_price_usd">7.21966</span> at the time of press. Axie Infinity was a top gainer yesterday after the game was listed on the Apple App Store. Its market cap stood at $<span class="holepunch holepunch-coin_market_cap_usd">844.39</span> million.</p>
<h3 id="a-href-https-cryptoslate-com-coins-axelar-axelar-a"><a href="https://cryptoslate.com/coins/axelar/">Axelar</a></h3>
<p>AXL dropped 5% to trade at <span class="tw-text-gray-900 dark:tw-text-white tw-text-3xl"><span class="no-wrap" data-price-btc="6.255440179158485e-11" data-coin-id="29850" data-coin-symbol="pepe" data-target="price.price" data-price-previous="0.000001713997552628024">$<span class="holepunch holepunch-coin_price_usd">0.49379. </span></span></span><span class="holepunch holepunch-coin_price_usd">Axelar co-founder <span class="css-901oao css-16my406 r-1awozwy r-1nao33i r-6koalj r-37j5jr r-1inkyih r-b88u0q r-rjixqe r-bcqeeo r-1udh08x r-1ddef8g r-3s2u2q r-qvutc0" dir="ltr"><span class="css-901oao css-16my406 css-1hf3ou5 r-poiln3 r-bcqeeo r-qvutc0"><span class="css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0">Sergey Gorbunov</span></span></span> appeared on the Bankless Podcast recently. Its </span><span class="holepunch holepunch-coin_price_usd">market cap stood at $<span class="holepunch holepunch-coin_market_cap_usd">129.48</span> million.</span></p>
<h3 id="a-href-https-cryptoslate-com-coins-gala-gala-a"><a href="https://cryptoslate.com/coins/gala/">Gala</a></h3>
<p>GALA sunk 3.9% to $<span class="holepunch holepunch-coin_price_usd">0.03268</span> <span class="holepunch holepunch-coin_price_usd">as </span><span class="holepunch holepunch-coin_price_usd">of press time</span><span class="tw-text-gray-900 dark:tw-text-white tw-text-3xl"><span class="no-wrap" data-price-btc="0.0000000000160760720046888" data-coin-id="17388" data-coin-symbol="brise" data-target="price.price" data-price-previous="4.395526198711534e-7">. The project recently migrated to a new contract address. </span></span><span class="holepunch holepunch-coin_price_usd">Its m</span><span class="holepunch holepunch-coin_price_usd">arket cap stood at $<span class="holepunch holepunch-coin_market_cap_usd">228 </span>million.</span></p>
<h3 id="a-href-https-cryptoslate-com-coins-bitgert-bitgert-a"><a href="https://cryptoslate.com/coins/bitgert/">Bitgert</a></h3>
<p>BRISE lost 2.9% to $<span class="tw-text-gray-900 dark:tw-text-white tw-text-3xl"><span class="no-wrap" data-price-btc="0.0000000000127687991953779" data-coin-id="17388" data-coin-symbol="brise" data-target="price.price" data-price-previous="3.4944354881671826e-7">0.000000349444</span></span> <span class="holepunch holepunch-coin_price_usd">over the reporting period. The project is set to release a Web3 real estate marketplace. I</span>ts market cap stood at $<span class="holepunch holepunch-coin_market_cap_usd">139.44</span> million.</p>
<h3 id="a-href-https-cryptoslate-com-coins-toncoin-toncoin-a"><a href="https://cryptoslate.com/coins/toncoin/">Toncoin</a></h3>
<p>TON fell 1.8% to $<span class="holepunch holepunch-coin_price_usd">1.95648</span> <span class="holepunch holepunch-coin_price_usd">over the reporting period. The Toncoin Hackathon will take place on May 27. It</span>s market cap stood at $<span class="holepunch holepunch-coin_market_cap_usd">2.39 b</span>illion.</p>
<p>The post <a rel="nofollow" href="https://cryptoslate.com/cryptoslate-wmarket-update-xrp-leads-large-caps-as-market-recovers-recent-losses/">CryptoSlate wMarket Update: XRP leads large caps as market recovers recent losses</a> appeared first on <a rel="nofollow" href="https://cryptoslate.com">CryptoSlate</a>.</p>

CryptoSlate wMarket Update: XRP leads large caps as market recovers recent losses

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