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GALA up +14.52%, BTC -0.22%, Decentraland is The Coin of The Day - Daily Market Update for May 17, 2023

11M ago
bullish:

5

bearish:

1

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Key highlights:

  • The total cryptocurrency market cap increased from $ 1.12T to $ 1.14T in the past 24 hours, representing a 1.86% change
  • The Bitcoin price at press time is $ 27,001 after falling by -0.22% in the last 24 hours
  • The total crypto trading volume increased by 1.86% in the past 24 hours, and is currently at $ 161.24B
  • All prices and changes are presented at the time of publication: May 17, 2023, at 06:00 UTC

Market Overview

The total cryptocurrency market cap is currently $ 1.14T after a 1.86% increase on the day. The total crypto trading volume increased by 1.86% in the same time frame.

Bitcoin is trading at $ 27,001 after seeing a -0.22% loss in the last 24 hours. The Bitcoin dominance fell by -0.95% and BTC currently represents 45.73% of the cryptocurrency market.

Top Coins By Market Cap

At press time, Bitcoin has a market capitalization of $ 523.15B after losing -0.22% in the last 24 hours. According to our forecast, the value of Bitcoin will raise by 5.49% and reach $ 28,485 by May 22, 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 $ 1,820.43 and has a market capitalization of $ 219.23B. ETH increased by 0.37% 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.

  • Litecoin, which was previously ranked 10, is ranked at 9.
  • TRON, which was previously ranked 9, is ranked at 10.

Bears Dominate the Market Today

The bears dominated the market today as 76% of coins lost value in the last 24 hours.

Today's Top Gainers are GALA, Alchemy Pay, and Render Token

Thanks to a 14.52% price increase, GALA was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Alchemy Pay came in second place, with 24-hour gains of 10.67%. Render Token, Decentraland and Magic complete today's list of the top cryptocurrency gainers.

Today's Top Losers are Kaspa, Kava, and Baby Doge Coin

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Kaspa, which saw a loss of -7.25%. Kava also didn't perform well, as its price declined by -6.36% in the last 24 hours. Baby Doge Coin, Celo and Bitcoin SV round out today's top 5 worst performers.

Coin of the Day is Decentraland

Thanks to its impressive 9.91% performance, Decentraland is today's coin of the day! Decentraland is currently trading at $ 0.518653. Learn more about Decentraland and its position in the market on our Decentraland price prediction page.

Our technical indicators show that the current Decentraland sentiment is Neutral.

Buy/Sell Decentraland

11M ago
bullish:

5

bearish:

1

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