CDT up +69.89%, BTC +0.93%, EOS is The Coin of The Day — Daily Market Update for Aug 22, 2022

Key highlights:

• The total cryptocurrency market cap increased from $ 1.05T to $ 1.06T in the past 24 hours, representing a 1.23% change
• The Bitcoin price at press time is $ 21,425 after growing by 0.93% in the last 24 hours
• The total crypto trading volume increased by 1.23% in the past 24 hours, and is currently at $ 146.86B
• All prices and changes are presented at the time of publication: August 22, 2022, at 06:00 UTC

Market Overview

The total cryptocurrency market cap is currently $ 1.06T after a 1.23% increase on the day. The total crypto trading volume increased by 1.23% in the same time frame.

Bitcoin is trading at $ 21,425 after seeing a 0.93% gain in the last 24 hours.The Bitcoin dominance fell by -0.06% and BTC currently represents 38.72% of the cryptocurrency market.

Top Coins By Market Cap

At press time, Bitcoin has a market capitalization of $ 409.83B after gaining 0.93% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -6.22% and reach $ 20,092 by August 27, 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 $ 1,610.33 and has a market capitalization of $ 196.56B. ETH increased by 1.20% 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.

• SHIBA INU, which was previously ranked 9, is ranked at 8.
• Polkadot, which was previously ranked 8, is ranked at 9.

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 Blox, SSV Network, and Energy Web Token

Thanks to a 69.89% price increase, Blox was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. SSV Network came in second place, with 24-hour gains of 49.07%. Energy Web Token, Orbit Chain and Render Token complete today’s list of the top cryptocurrency gainers.

Today’s Top Losers are Celsius Network, Chain, and Flux

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Celsius Network, which saw a loss of -12.84%. Chain also didn’t perform well, as its price declined by -4.40% in the last 24 hours. Flux, Centrifuge and Bitcoin Standard Hashrate Token round out today’s top 5 worst performers.

Coin of the Day is EOS

Thanks to its impressive 9.06% performance, EOS is today’s coin of the day! EOS is currently trading at $ 1.52. Learn more about EOS and its position in the market on our EOS price prediction page.

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

Source