Markets
How is the crypto market performing today?
With a neutral score on the fear and greed index, there have not been many changes in the crypto market. However, the crypto market heatmap highlighted most cryptocurrencies in gains rather than losses. With these gains, the chart, Toncoin and dogwifhat are the best performers cryptocurrencies of the day.
In this blog, we will discuss the performance of the crypto market.
Overall market performance
Starting with the global crypto market, the global market market value of the crypto industry increased by 2.33% from the previous day, bringing the value to $2.33 trillion. Although this is not the best performance, the slow recovery has helped investors overcome some of their losses. As a result of the market recovery, the number of transactions increased, leading to a 2.53% increase in trading volume.
With the recovery to $63K after a 3% rise, Bitcoin is dominating the crypto market with its market dominance of 53.22%. Ethereum it also registered a 2% price recovery and has a 15.6% market dominance.
The popularity of the meme coin is high, even today, as the market value of the meme has increased by 2.31% and is currently 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 rose 51%, MAGA VP rose 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 comparatively slow as the market capitalization barely rose by 0.58% but trading volume increased by 4.1%. At the time of writing, the market cap of the Solana ecosystem 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 gained a notable rise today while the rest fell victim to 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 a 19% increase. It is the most profitable cryptocurrency in the current crypto market. Additionally, its trading volume increased by 292%, bringing the value to $232,953,427. - The Chart (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 cap 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 started to decrease, as the current value is at US$593.12, after a drop of 0.4%. It has a market cap of $87,559,520,977 and a trading volume of $1,598,068,603 after a 13.59% drop.
Final thoughts
Today marks one of the best performing days for the crypto market as most cryptocurrencies saw price increases. With the possibility of completing market recovery at the end of the month, the current data remains true for now. It remains to be seen how the crypto market will move next.
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