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How is the cryptocurrency market performing today?
With the neutral score on the indicative of fear and greed, there have not been many changes in the cryptocurrency market. However, the heat map of the cryptocurrency market showed gains rather than losses for most cryptocurrencies. With these gains, the chart, Toncoin and dogwifhat are the best performing cryptocurrencies of the day.
In this blog, we discuss the trend of the cryptocurrency market.
Overall market performance
Starting from the overall cryptocurrency market, the global one market capitalization of the cryptocurrency sector increased by 2.33% compared to the previous day, pushing the value to $2.33 trillion. While this isn’t the best performance, the slow recovery has helped investors overcome some of the losses. As a result of the market recovery, the number of transactions increased, leading to an increase in trading volume of 2.53%.
With Recovering to $63,000 After a 3% Rise, Bitcoin Is Dominating the Cryptocurrency Market market dominance by 53.22%. Ethereum it also recorded a price recovery of 2% and holds a dominant market position of 15.6%.
The popularity of meme coin is high, even today, as the meme market capitalization increased by 2.31% and currently stands at $52,539,426,376. Furthermore, its trading volume increased by 7.23%, bringing the value to $4,477,270,797. In these meme coinsREKT is up 51%, MAGA VP is up 42.19% and Turbo, with gains of 38.23% in the last 24 hours.
On the other hand, the recovery of the Solana ecosystem was relatively slow as the market capitalization increased by just 0.58%, but the trading volume increased by 4.1%. At the time of writing, the Solana Ecosystem market capitalization is $212,016,134,6219 and the trading volume is $53,974,324,174.
Top performers and losers of the day
Despite the challenges, some cryptocurrencies have gained notable upside today, while the others have become victims of volatility.
- Akash Network (AKT)
Akash Network is currently valued at $5.78 after a 19% increase with a market cap of $1,365,657,789, also up 19%. It is the most profitable cryptocurrency in today’s cryptocurrency market. Furthermore, its trading volume increased by 292%, pushing the value to $232,953,427. - The graph (GRT)
The graph it has gained 16% in the last 24 hours and is currently trading at $0.3084. It is ranked 40th CoinmarketCap for its market capitalization of $2,924,638,556 after a 16% increase and trading volume of $188,423,197 after a 91% increase. - BNB
At the time of writing, BNB has started to decline as the current value stands at $593.12 after a decline of 0.4%. It has a market capitalization of $87,559,520,977 and a trading volume of $1,598,068,603 after a decline of 13.59%.
Final thoughts
Today marks one of the best days for the cryptocurrency market as most cryptocurrencies have gained rising prices. With the possibility of complete market recovery by the end of the month, the current data is valid for now. We need to see how the cryptocurrency market will move.
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