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SAPP up +13.27%, BTC -14.23%, Marinade staked SOL is The Coin of The Day - Daily Market Update for May 12, 2022

1y ago





Key highlights:

  • The total cryptocurrency market cap decreased from $ 1.45T to $ 1.19T in the past 24 hours, representing a -17.95% change
  • The Bitcoin price at press time is $ 26,963 after falling by -14.23% in the last 24 hours
  • The total crypto trading volume decreased by -17.95% in the past 24 hours, and is currently at $ 710.98B
  • All prices and changes are presented at the time of publication: May 12, 2022, at 06:00 UTC

Market Overview

The total cryptocurrency market cap is currently $ 1.19T after a -17.95% decrease on the day. The total crypto trading volume declined by -17.95% in the same time frame.

Bitcoin is trading at $ 26,963 after seeing a -14.23% loss in the last 24 hours.The Bitcoin dominance grew by 1.99% and BTC currently represents 43.16% of the cryptocurrency market.

Top Coins By Market Cap

At press time, Bitcoin has a market capitalization of $ 513.31B after losing -14.23% in the last 24 hours. According to our forecast, the value of Bitcoin will raise by 0.44% and reach $ 27,081 by May 17, 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 $ 1,808.69 and has a market capitalization of $ 218.39B. ETH decreased by -24.14% 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.

  • Dogecoin, which was previously ranked 8, is ranked at 7.
  • Wrapped Bitcoin, which was previously ranked 11, is ranked at 8.
  • TRON, which was previously ranked 13, is ranked at 9.
  • Avalanche, which was previously ranked 9, is ranked at 10.

Bears Dominate the Market Today

The bears dominated the market today as 59% of coins lost value in the last 24 hours.

Today's Top Gainers are Sapphire, Marinade staked SOL, and PAX Gold

Thanks to a 13.27% price increase, Sapphire 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 6.30%. PAX Gold, BitDAO and Compound USD Coin complete today's list of the top cryptocurrency gainers.

Today's Top Losers are Terra, Astar, and Oasis Network

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Terra, which saw a loss of -96.88%. Astar also didn't perform well, as its price declined by -53.85% in the last 24 hours. Oasis Network, Velas and eCash round out today's top 5 worst performers.

Coin of the Day is Marinade staked SOL

Thanks to its impressive 6.30% performance, Marinade staked SOL is today's coin of the day! Marinade staked SOL is currently trading at $ 69.73. Learn more about Marinade staked SOL and its position in the market on our Marinade staked SOL price prediction page.

Our technical indicators show that the current Marinade staked SOL sentiment is Bearish.

Buy/Sell Marinade staked SOL

1y ago




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