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CDT up +30.44%, BTC -0.36%, GMX is The Coin of The Day - Daily Market Update for Aug 31, 2022

source-logo  coincodex.com 31 August 2022 08:21, UTC

Key highlights:

  • The total cryptocurrency market cap increased from $ 1.03T to $ 1.03T in the past 24 hours, representing a 0.31% change
  • The Bitcoin price at press time is $ 20,339 after falling by -0.36% in the last 24 hours
  • The total crypto trading volume increased by 0.31% in the past 24 hours, and is currently at $ 215.47B
  • All prices and changes are presented at the time of publication: August 31, 2022, at 06:00 UTC

Market Overview

The total cryptocurrency market cap is currently $ 1.03T after a 0.31% increase on the day. The total crypto trading volume increased by 0.31% in the same time frame.

Bitcoin is trading at $ 20,339 after seeing a -0.36% loss in the last 24 hours.The Bitcoin dominance fell by -0.23% and BTC currently represents 37.74% of the cryptocurrency market.

Top Coins By Market Cap

At press time, Bitcoin has a market capitalization of $ 389.24B after losing -0.36% in the last 24 hours. According to our forecast, the value of Bitcoin will raise by 1.30% and reach $ 20,603 by September 5, 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 $ 1,622.28 and has a market capitalization of $ 198.21B. ETH increased by 1.52% 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 66% of coins gained value in the last 24 hours.

Today's Top Gainers are Blox, GMX, and Terra Classic

Thanks to a 30.44% price increase, Blox was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. GMX came in second place, with 24-hour gains of 10.15%. Terra Classic, Lido DAO Token and MXC complete today's list of the top cryptocurrency gainers.

Today's Top Losers are Energy Web Token, Bitkub Coin, and eCash

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Energy Web Token, which saw a loss of -11.59%. Bitkub Coin also didn't perform well, as its price declined by -9.33% in the last 24 hours. eCash, Synthetix and Celsius Network round out today's top 5 worst performers.

Coin of the Day is GMX

Thanks to its impressive 10.15% performance, GMX is today's coin of the day! GMX is currently trading at $ 49.00. Learn more about GMX and its position in the market on our GMX price prediction page.

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

coincodex.com