LUNA up +88.02%, BTC +1.06%, Terra is The Coin of The Day - Daily Market Update for May 15, 2022

Key highlights:

• The total cryptocurrency market cap increased from $ 1.31T to $ 1.31T in the past 24 hours, representing a 0.11% change
• The Bitcoin price at press time is $ 29,789 after growing by 1.06% in the last 24 hours
• The total crypto trading volume increased by 0.11% in the past 24 hours, and is currently at $ 232.82B
• All prices and changes are presented at the time of publication: May 15, 2022, at 06:00 UTC

Market Overview

The total cryptocurrency market cap is currently $ 1.31T after a 0.11% increase on the day. The total crypto trading volume increased by 0.11% in the same time frame.

Bitcoin is trading at $ 29,789 after seeing a 1.06% gain in the last 24 hours.The Bitcoin dominance grew by 0.45% and BTC currently represents 43.34% of the cryptocurrency market.

Top Coins By Market Cap

At press time, Bitcoin has a market capitalization of $ 567.19B after gaining 1.06% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -1.62% and reach $ 29,305 by May 20, 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 $ 2,035.86 and has a market capitalization of $ 245.90B. ETH decreased by -0.16% 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 71% of coins gained value in the last 24 hours.

Today's Top Gainers are Terra, Kadena, and The Graph

Thanks to a 88.02% price increase, Terra 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 39.70%. The Graph, Acala Token and Compound USD Coin complete today's list of the top cryptocurrency gainers.

Today's Top Losers are Frax Share, Celsius Network, and Convex Finance

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Frax Share, which saw a loss of -20.93%. Celsius Network also didn't perform well, as its price declined by -14.92% in the last 24 hours. Convex Finance, MXC and ECOMI round out today's top 5 worst performers.

Chain reached new All-Time High after gaining +20.38% in the last month

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

• Chain's new ATH is $ 0.095204

Congratulations to the HODLers!

Coin of the Day is Terra

Thanks to its impressive 88.02% performance, Terra is today's coin of the day! Terra is currently trading at $ 0.000301. Learn more about Terra and its position in the market on our Terra price prediction page.

Our technical indicators show that the current Terra sentiment is Bearish.

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