Analytics

DESO up +23.16%, BTC -2.34%, Chain is The Coin of The Day — Daily Market Update for Oct 08, 2022

Key highlights:

  • The total cryptocurrency market cap decreased from $ 976.11B to $ 962.49B in the past 24 hours, representing a -1.40% change
  • The Bitcoin price at press time is $ 19,506 after falling by -2.34% in the last 24 hours
  • The total crypto trading volume decreased by -1.40% in the past 24 hours, and is currently at $ 202.55B
  • All prices and changes are presented at the time of publication: October 8, 2022, at 06:00 UTC

Market Overview

The total cryptocurrency market cap is currently $ 962.49B after a -1.40% decrease on the day. The total crypto trading volume declined by -1.40% in the same time frame.

Bitcoin is trading at $ 19,506 after seeing a -2.34% loss in the last 24 hours. The Bitcoin dominance fell by -0.31% and BTC currently represents 38.84% of the cryptocurrency market.

Top Coins By Market Cap

At press time, Bitcoin has a market capitalization of $ 373.83B after losing -2.34% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -4.48% and reach $ 18,632 by October 13, 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 $ 1,330.72 and has a market capitalization of $ 163.13B. ETH decreased by -2.28% in the last 24 hours. If you’re interested in where the price of Ethereum could head next, check out the Ethereum price prediction.

Bears Dominate the Market Today

The bears dominated the market today as 83% of coins lost value in the last 24 hours.

Today’s Top Gainers are Decentralized Social, Hive Token, and Storj

Thanks to a 23.16% price increase, Decentralized Social was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Hive Token came in second place, with 24-hour gains of 12.17%. Storj, Chain and Injective Protocol complete today’s list of the top cryptocurrency gainers.

Today’s Top Losers are Reserve Rights, Helium, and Voyager Token

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Reserve Rights, which saw a loss of -9.82%. Helium also didn’t perform well, as its price declined by -4.70% in the last 24 hours. Voyager Token, Coti and Render Token round out today’s top 5 worst performers.

Coin of the Day is Chain

Thanks to its impressive 7.87% performance, Chain is today’s coin of the day! Chain is currently trading at $ 0.072528. Learn more about Chain and its position in the market on our Chain price prediction page.

Our technical indicators show that the current Chain sentiment is Neutral.

   

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