VLX up +34.36%, BTC +2.00%, Kadena is The Coin of The Day - Daily Market Update for Dec 27, 2021

Key highlights:

• The total cryptocurrency market cap increased from $ 2.39T to $ 2.44T in the past 24 hours, representing a 2.19% change
• The Bitcoin price at press time is $ 50,863 after growing by 2.00% in the last 24 hours
• The total crypto trading volume increased by 2.19% in the past 24 hours, and is currently at $ 210.76B
• All prices and changes are presented at the time of publication: December 27, 2021, at 06:00 UTC

Market Overview

The total cryptocurrency market cap is currently $ 2.44T after a 2.19% increase on the day. The total crypto trading volume increased by 2.19% in the same time frame.

Bitcoin is trading at $ 50,863 after seeing a 2.00% gain in the last 24 hours.The Bitcoin dominance fell by -0.09% and BTC currently represents 39.35% of the cryptocurrency market.

Top Coins By Market Cap

At press time, Bitcoin has a market capitalization of $ 961.92B after gaining 2.00% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -3.22% and reach $ 49,223 by January 1, 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 $ 4,068.25 and has a market capitalization of $ 483.74B. ETH increased by 0.92% 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.

• XRP, which was previously ranked 8, is ranked at 7.
• USD Coin, which was previously ranked 7, is ranked at 8.

Bulls Dominate the Market Today

The bulls dominated the market today as 77% of coins gained value in the last 24 hours.

Today's Top Gainers are Velas, Kadena, and Mina Protocol

Thanks to a 34.36% price increase, Velas was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Kadena came in second place, with 24-hour gains of 23.22%. Mina Protocol, Gatechain Token and Coin98 complete today's list of the top cryptocurrency gainers.

Today's Top Losers are Convex CRV, Curve DAO Token, and Telcoin

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Convex CRV, which saw a loss of -3.81%. Curve DAO Token also didn't perform well, as its price declined by -2.80% in the last 24 hours. Telcoin, MobileCoin and XinFin Network round out today's top 5 worst performers.

Terra reached new All-Time High after gaining +143.60% in the last month, 2 other cryptocurrencies reached a new ATH in the last 24 hours

The following coins in the cryptocurrency top 200 hit new all-time high prices today:

• Terra's new ATH is $ 102.85
• Polygon's new ATH is $ 2.91
• Near Protocol's new ATH is $ 16.25

Today 3 cryptocurrencies reached a new ATH. Amongst the top gainers was Terra that reached a new ATH after gaining +3.32% in the last 24 hours. Other crypto assets that reached ATH in the last 24 hours are MATIC and NEAR.

Congratulations to the HODLers!

Coin of the Day is Kadena

Thanks to its impressive 23.22% performance, Kadena is today's coin of the day! Kadena is currently trading at $ 16.12. Learn more about Kadena and its position in the market on our Kadena price prediction page.

Our technical indicators show that the current Kadena sentiment is Bullish.

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