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DCR up +100.09%, BTC +0.05%, Decred is The Coin of The Day - Daily Market Update for Aug 06, 2022

coincodex.com 06 August 2022 11:00, UTC
Reading time: ~2 m

Key highlights:

  • The total cryptocurrency market cap increased from $ 1.13T to $ 1.14T in the past 24 hours, representing a 0.86% change
  • The Bitcoin price at press time is $ 23,202 after growing by 0.05% in the last 24 hours
  • The total crypto trading volume increased by 0.86% in the past 24 hours, and is currently at $ 261.73B
  • All prices and changes are presented at the time of publication: August 6, 2022, at 06:00 UTC

Market Overview

The total cryptocurrency market cap is currently $ 1.14T after a 0.86% increase on the day. The total crypto trading volume increased by 0.86% in the same time frame.

Bitcoin is trading at $ 23,202 after seeing a 0.05% gain in the last 24 hours.The Bitcoin dominance fell by -0.47% and BTC currently represents 39.01% of the cryptocurrency market.

Top Coins By Market Cap

At press time, Bitcoin has a market capitalization of $ 443.47B after gaining 0.05% in the last 24 hours. According to our forecast, the value of Bitcoin will raise by 9.76% and reach $ 25,467 by August 11, 2022. 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 $ 1,731.61 and has a market capitalization of $ 210.99B. ETH increased by 3.87% 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.

  • Cardano, which was previously ranked 5, is ranked at 4.
  • XRP, which was previously ranked 4, is ranked at 5.

Bulls Dominate the Market Today

The bulls dominated the market today as 74% of coins gained value in the last 24 hours.

Today's Top Gainers are Decred, Biconomy, and Holo

Thanks to a 100.09% price increase, Decred was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Biconomy came in second place, with 24-hour gains of 17.24%. Holo, Internet Computer and Near Protocol complete today's list of the top cryptocurrency gainers.

Today's Top Losers are Compound Dai, WEMIX Token, and Escoin Token

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Compound Dai, which saw a loss of -3.51%. WEMIX Token also didn't perform well, as its price declined by -3.03% in the last 24 hours. Escoin Token, Ontology and Floki Inu round out today's top 5 worst performers.

Coin of the Day is Decred

Thanks to its impressive 100.09% performance, Decred is today's coin of the day! Decred is currently trading at $ 54.89. Learn more about Decred and its position in the market on our Decred price prediction page.

Our technical indicators show that the current Decred sentiment is Bullish.

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