FLOKI up +33.97%, BTC +0.22%, GALA is The Coin of The Day - Daily Market Update for Jan 28, 2023

Key highlights:

• The total cryptocurrency market cap increased from $ 1.06T to $ 1.08T in the past 24 hours, representing a 1.30% change
• The Bitcoin price at press time is $ 23,067 after growing by 0.22% in the last 24 hours
• The total crypto trading volume increased by 1.30% in the past 24 hours, and is currently at $ 231.13B
• All prices and changes are presented at the time of publication: January 28, 2023, at 06:00 UTC

Market Overview

The total cryptocurrency market cap is currently $ 1.08T after a 1.30% increase on the day. The total crypto trading volume increased by 1.30% in the same time frame.

Bitcoin is trading at $ 23,067 after seeing a 0.22% gain in the last 24 hours. The Bitcoin dominance fell by -0.41% and BTC currently represents 41.16% of the cryptocurrency market.

Top Coins By Market Cap

At press time, Bitcoin has a market capitalization of $ 443.27B after gaining 0.22% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -0.13% and reach $ 23,036 by February 2, 2023. 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 $ 1,610.17 and has a market capitalization of $ 197.04B. ETH increased by 0.96% 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.

• SHIBA INU, which was previously ranked 12, is ranked at 10.

Bears Dominate the Market Today

The bears dominated the market today as 67% of coins lost value in the last 24 hours.

Today's Top Gainers are Floki Inu, Magic, and Render Token

Thanks to a 33.97% price increase, Floki Inu was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Magic came in second place, with 24-hour gains of 30.87%. Render Token, GALA and Hooked Protocol complete today's list of the top cryptocurrency gainers.

Today's Top Losers are Keep Network, Conflux Network, and eCash

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Keep Network, which saw a loss of -12.61%. Conflux Network also didn't perform well, as its price declined by -8.98% in the last 24 hours. eCash, Audius and Coti round out today's top 5 worst performers.

Hooked Protocol reached new All-Time High after gaining +226.23% in the last month

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

• Hooked Protocol's new ATH is $ 3.84

Congratulations to the HODLers!

Coin of the Day is GALA

Thanks to its impressive 24.54% performance, GALA is today's coin of the day! GALA is currently trading at $ 0.060611. Learn more about GALA and its position in the market on our GALA price prediction page.

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

Buy/Sell GALA