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MOB up +21.79%, BTC -1.69%, Compound Dai is The Coin of The Day - Daily Market Update for May 07, 2022

11M ago





Key highlights:

  • The total cryptocurrency market cap decreased from $ 1.72T to $ 1.68T in the past 24 hours, representing a -2.13% change
  • The Bitcoin price at press time is $ 35,885 after falling by -1.69% in the last 24 hours
  • The total crypto trading volume decreased by -2.13% in the past 24 hours, and is currently at $ 283.95B
  • All prices and changes are presented at the time of publication: May 7, 2022, at 06:00 UTC

Market Overview

The total cryptocurrency market cap is currently $ 1.68T after a -2.13% decrease on the day. The total crypto trading volume declined by -2.13% in the same time frame.

Bitcoin is trading at $ 35,885 after seeing a -1.69% loss in the last 24 hours.The Bitcoin dominance grew by 0.22% and BTC currently represents 40.60% of the cryptocurrency market.

Top Coins By Market Cap

At press time, Bitcoin has a market capitalization of $ 683.00B after losing -1.69% in the last 24 hours. According to our forecast, the value of Bitcoin will raise by 3.11% and reach $ 37,001 by May 12, 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 $ 2,678.51 and has a market capitalization of $ 323.24B. ETH decreased by -2.75% in the last 24 hours. If you're interested in where the price of Ethereum could head next, check out the Ethereum price prediction.

Bulls Dominate the Market Today

The bulls dominated the market today as 55% of coins gained value in the last 24 hours.

Today's Top Gainers are MobileCoin, Compound Dai, and ECOMI

Thanks to a 21.79% price increase, MobileCoin was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Compound Dai came in second place, with 24-hour gains of 19.82%. ECOMI, Beldex and Horizen complete today's list of the top cryptocurrency gainers.

Today's Top Losers are Project Galaxy, Astroport, and Green Metaverse Token

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Project Galaxy, which saw a loss of -20.23%. Astroport also didn't perform well, as its price declined by -13.98% in the last 24 hours. Green Metaverse Token, Render Token and LooksRare round out today's top 5 worst performers.

Coin of the Day is Compound Dai

Thanks to its impressive 19.82% performance, Compound Dai is today's coin of the day! Compound Dai is currently trading at $ 0.023218. Learn more about Compound Dai and its position in the market on our Compound Dai price prediction page.

Our technical indicators show that the current Compound Dai sentiment is Bullish.

Buy/Sell Compound Dai

11M ago




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