XRP, Polygon tops with big capital gains in range-bound crypto market: CryptoSlate Daily wMarket Update

The cryptocurrency market cap saw net outflows of $0.46 billion over the past 24 hours and currently stands at $1.02 trillion – down 0.05% from $1.02 trillion.

During the reporting period, Bitcoin and Ethereum’s market capitalization fell by 0.08% and 0.02% to $431.8 billion and $191.34 billion, respectively.

The top 10 crypto assets recorded a mixed performance in the last 24 hours. The biggest gainers were XRP and Polygon, up 2.4% and 2.3% respectively. In contrast, Litecoin fared the worst, down 2%.

In the last 24 hours, the market capitalization of Tether (USDT) increased to $71.59 billion. Meanwhile, USD Coin (USDC) and Binance USD (BUSD) fell to $43.67 billion and $8.44 billion, respectively.

Bitcoin

Over the past 24 hours, Bitcoin fell 0.1% to trade at $22,363 as of 7:00 a.m. ET. Market dominance increased to 42.4% from 42.3%.

During the reporting period, BTC peaked at $22,600, leading to a sharp drop that found support at $22,320. Bears aborted a recovery, dropping the price back to the $22,558 level. The leading cryptocurrency has since declined.

Ethereum

Over the past 24 hours, Ethereum fell 0.02% to trade at $1,563 at 07:00 ET. Market dominance remained stable at 18.8%.

During the reporting period, ETH traded between $1,559 and $1,584, forming a double bottom pattern while being rejected twice in the $1,584 zone. The second rejection resulted in a gradual downward trend.

Top 5 winners

Mesh network

MASK is the biggest gainer of the day, rising 16.9% during the reporting period to $3.84986 as of press time. Korean exchange Upbit announced to add the MASK token effective March 7. The market value was USD262.56 million.

Everscale

EVER gained 15.9% in the last 24 hours to trade at $0.10796 as of press time. Bybit users voted to list the EVER token. The market value was $187.58 million.

Pure

REN jumped 14.5% to $0.12851. No new fundamental developments were noted. The market value was $128.39 million.

TrueFi

TRU gained 9.4% in the last 24 hours to trade at $0.12670. Binance launched a perpetual TRU futures contract on March 6. The market value was USD124.17 million.

FLOOKIE

FLOKI is up 8.2% to $0.00004 as of press time. The project announced to be listed on WazirX. The market value was $392.42 million.

Top 5 losers

Liquidity

LQTY is the biggest loser of the day, falling 11% to trade at $1.98220 at the time of writing. Binance listed the token on March 1st. The market value was $180.47 million.

Synthetics

SNX lost 8.7% to $2.93395 as of press time. The market value was $742.59 million.

Alethea Liquid Intelligence

ALI dumped 6.3% to $0.05898 the last 24 hours. The market value was $211.63 million.

RSK Infrastructure Framework

RIF fell 5.4% in the last 24 hours to trade at $0.14429. Despite today’s sale, the project gained 131% in the last month. The market value was $136.6 million.

Conflux Network

CFX fell 5% to $0.19331 over the reporting period. The market value was $512.75 million.