RNDR up +45.30%, BTC -1.10%, IoTeX is The Coin of The Day – Daily Market Update for Nov 06, 2022
Key highlights:
- The total cryptocurrency market cap decreased from $ 1.08T to $ 1.07T in the past 24 hours, representing a -1.20% change
- The Bitcoin price at press time is $ 21,154 after falling by -1.10% in the last 24 hours
- The total crypto trading volume decreased by -1.20% in the past 24 hours, and is currently at $ 211.32B
- All prices and changes are presented at the time of publication: November 6, 2022, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 1.07T after a -1.20% decrease on the day. The total crypto trading volume declined by -1.20% in the same time frame.
Bitcoin is trading at $ 21,154 after seeing a -1.10% loss in the last 24 hours. The Bitcoin dominance fell by -0.01% and BTC currently represents 38.00% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 405.41B after losing -1.10% in the last 24 hours. According to our forecast, the value of Bitcoin will raise by 2.27% and reach $ 21,633 by November 11, 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 $ 1,615.43 and has a market capitalization of $ 198.03B. ETH decreased by -1.87% 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.
- Polkadot, which was previously ranked 10, is ranked at 9.
- SHIBA INU, which was previously ranked 9, is ranked at 10.
Bears Dominate the Market Today
The bears dominated the market today as 82% of coins lost value in the last 24 hours.
Today’s Top Gainers are Render Token, Marinade staked SOL, and Smooth Love Potion
Thanks to a 45.30% price increase, Render Token was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Marinade staked SOL came in second place, with 24-hour gains of 8.38%. Smooth Love Potion, Chiliz and OKB complete today’s list of the top cryptocurrency gainers.
Today’s Top Losers are FTX Token, ConstitutionDAO, and ABBC COIN
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was FTX Token, which saw a loss of -10.19%. ConstitutionDAO also didn’t perform well, as its price declined by -8.89% in the last 24 hours. ABBC COIN, ECOMI and Axie Infinity round out today’s top 5 worst performers.
Coin of the Day is IoTeX
Thanks to its impressive 6.26% performance, IoTeX is today’s coin of the day! IoTeX is currently trading at $ 0.034026. Learn more about IoTeX and its position in the market on our IoTeX price prediction page.
Our technical indicators show that the current IoTeX sentiment is Neutral.
