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LUNC up +10.57%, BTC +0.10%, Terra Classic is The Coin of The Day — Daily Market Update for Dec 27, 2022

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LUNC up +10.57%, BTC +0.10%, Terra Classic is The Coin of The Day — Daily Market Update for Dec 27, 2022

Key highlights:

  • The total cryptocurrency market cap increased from $ 831.47B to $ 833.47B in the past 24 hours, representing a 0.24% change
  • The Bitcoin price at press time is $ 16,871 after growing by 0.10% in the last 24 hours
  • The total crypto trading volume increased by 0.24% in the past 24 hours, and is currently at $ 91.60B
  • All prices and changes are presented at the time of publication: December 27, 2022, at 06:00 UTC

Market Overview

The total cryptocurrency market cap is currently $ 833.47B after a 0.24% increase on the day. The total crypto trading volume increased by 0.24% in the same time frame.

Bitcoin is trading at $ 16,871 after seeing a 0.10% gain in the last 24 hours. The Bitcoin dominance fell by -0.08% and BTC currently represents 38.90% of the cryptocurrency market.

Top Coins By Market Cap

At press time, Bitcoin has a market capitalization of $ 324.21B after gaining 0.10% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -4.05% and reach $ 16,187 by January 1, 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 $ 1,223.22 and has a market capitalization of $ 149.69B. ETH increased by 0.21% 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.

  • Polygon, which was previously ranked 8, is ranked at 7.
  • OKB, which was previously ranked 7, is ranked at 8.

Bears Dominate the Market Today

The bears dominated the market today as 79% of coins lost value in the last 24 hours.

Today’s Top Gainers are Terra Classic, Quant, and Lido DAO Token

Thanks to a 10.57% price increase, Terra Classic was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Quant came in second place, with 24-hour gains of 8.70%. Lido DAO Token, WOO Network and Ocean Protocol complete today’s list of the top cryptocurrency gainers.

Today’s Top Losers are Livepeer, ABBC COIN, and Chain

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Livepeer, which saw a loss of -4.79%. ABBC COIN also didn’t perform well, as its price declined by -5.64% in the last 24 hours. Chain, Toncoin and Magic round out today’s top 5 worst performers.

Coin of the Day is Terra Classic

Thanks to its impressive 10.57% performance, Terra Classic is today’s coin of the day! Terra Classic is currently trading at $ 0.000164. Learn more about Terra Classic and its position in the market on our Terra Classic price prediction page.

Our technical indicators show that the current Terra Classic sentiment is Neutral.

Source: ethereum.today

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