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GALA up +28.04%, BTC +0.74%, Lido DAO Token is The Coin of The Day - Daily Market Update for Jan 07, 2023

source-logo  coincodex.com 07 January 2023 10:10, UTC

Key highlights:

  • The total cryptocurrency market cap increased from $ 835.47B to $ 844.45B in the past 24 hours, representing a 1.08% change
  • The Bitcoin price at press time is $ 16,935 after growing by 0.74% in the last 24 hours
  • The total crypto trading volume increased by 1.08% in the past 24 hours, and is currently at $ 140.69B
  • All prices and changes are presented at the time of publication: January 7, 2023, at 06:00 UTC

Market Overview

The total cryptocurrency market cap is currently $ 844.45B after a 1.08% increase on the day. The total crypto trading volume increased by 1.08% in the same time frame.

Bitcoin is trading at $ 16,935 after seeing a 0.74% gain in the last 24 hours. The Bitcoin dominance fell by -0.12% and BTC currently represents 38.54% of the cryptocurrency market.

Top Coins By Market Cap

At press time, Bitcoin has a market capitalization of $ 325.43B after gaining 0.74% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -3.27% and reach $ 16,380 by January 12, 2023. To learn more about how the price of Bitcoin could change over the next 7 days, visit our Bitcoin price prediction page.

Ethereum, which is the second-largest cryptocurrency by market cap, is priced at $ 1,264.77 and has a market capitalization of $ 154.77B. ETH increased by 1.22% in the last 24 hours. If you're interested in where the price of Ethereum could head next, check out the Ethereum price prediction.

There were also some changes today in the ranking among the top 10 biggest coins by market cap.

  • TRON, which was previously ranked 11, is ranked at 10.

Bears Dominate the Market Today

The bears dominated the market today as 68% of coins lost value in the last 24 hours.

Today's Top Gainers are GALA, Lido DAO Token, and The Sandbox

Thanks to a 28.04% price increase, GALA was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Lido DAO Token came in second place, with 24-hour gains of 13.90%. The Sandbox, Decentraland and Ethereum Classic complete today's list of the top cryptocurrency gainers.

Today's Top Losers are Bonk, BinaryX, and ABBC COIN

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Bonk, which saw a loss of -20.90%. BinaryX also didn't perform well, as its price declined by -10.09% in the last 24 hours. ABBC COIN, Ribbon Finance and Aragon round out today's top 5 worst performers.

Coin of the Day is Lido DAO Token

Thanks to its impressive 13.90% performance, Lido DAO Token is today's coin of the day! Lido DAO Token is currently trading at $ 1.49. Learn more about Lido DAO Token and its position in the market on our Lido DAO Token price prediction page.

Our technical indicators show that the current Lido DAO Token sentiment is Bullish.

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