OCEAN up +5.90%, BTC -1.74%, Decred is The Coin of The Day — Daily Market Update for Dec 16, 2022

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Key highlights:

  • The total cryptocurrency market cap decreased from $ 879.30B to $ 865.88B in the past 24 hours, representing a -1.53% change
  • The Bitcoin price at press time is $ 17,410 after falling by -1.74% in the last 24 hours
  • The total crypto trading volume decreased by -1.53% in the past 24 hours, and is currently at $ 127.88B
  • All prices and changes are presented at the time of publication: December 16, 2022, at 06:00 UTC

Market Overview

The total cryptocurrency market cap is currently $ 865.88B after a -1.53% decrease on the day. The total crypto trading volume declined by -1.53% in the same time frame.

Bitcoin is trading at $ 17,410 after seeing a -1.74% loss in the last 24 hours. The Bitcoin dominance fell by -0.12% and BTC currently represents 38.64% of the cryptocurrency market.

Top Coins By Market Cap

At press time, Bitcoin has a market capitalization of $ 334.57B after losing -1.74% in the last 24 hours. According to our forecast, the value of Bitcoin will raise by 5.69% and reach $ 18,401 by December 21, 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 $ 1,272.83 and has a market capitalization of $ 155.76B. ETH decreased by -1.53% 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.

  • Polkadot, which was previously ranked 12, is ranked at 10.

Bears Dominate the Market Today

The bears dominated the market today as 86% of coins lost value in the last 24 hours.

Today’s Top Gainers are Ocean Protocol, Decred, and Chiliz

Thanks to a 5.90% price increase, Ocean Protocol was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Decred came in second place, with 24-hour gains of 4.87%. Chiliz, WOO Network and Bitcoin SV complete today’s list of the top cryptocurrency gainers.

Today’s Top Losers are Dogelon Mars, Chain, and Telcoin

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Dogelon Mars, which saw a loss of -9.52%. Chain also didn’t perform well, as its price declined by -6.51% in the last 24 hours. Telcoin, IOTA and Neutrino USD round out today’s top 5 worst performers.

Krypton DAO reached new All-Time High after gaining +299.11% in the last month

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

  • Krypton DAO’s new ATH is $ 1.44

Congratulations to the HODLers!

Coin of the Day is Decred

Thanks to its impressive 4.87% performance, Decred is today’s coin of the day! Decred is currently trading at $ 21.94. Learn more about Decred and its position in the market on our Decred price prediction page.

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


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