With the neutral scoring on the fear and greed index, there have not been many changes in the crypto market. However, the crypto market heatmap highlighted most cryptocurrencies in gains instead of losses. With these gains, the graph, Toncoin, and dogwifhat are the top-performing cryptocurrencies of the day.

In this blog, let us discuss the performance of the crypto market.

Overall Market Performance

Starting with the overall crypto market, the global market cap of the crypto industry surged by 2.33% from the previous day, pushing the value to $2.33 Trillion. Though this isn’t the best performance, the slow recovery has helped investors get over some of their losses. As a result of the market recovery, the number of transactions has increased, leading to a 2.53% surge in the trading volume.

With the recovery to $63K after a 3% surge, Bitcoin is dominating the crypto market with its market dominance of 53.22%. Ethereum also witnessed a 2% recovery in price and has 15.6%  dominance on the market.

Meme coin’s popularity is high, even today, as the meme market cap has increased 2.31% and is presently at $52,539,426,376.  Moreover, its trading volume is up by 7.23%, bringing the value to $4,477,270,797. In these meme coins, REKT has surged 51%, MAGA VP has surged 42.19%, and Turbo, with 38.23% gains within the last 24 hours.

On the other hand, the Solana ecosystem’s recovery was comparatively slow as the market cap has barely surged 0.58%, but the trading volume is up by 4.1%. At the time of writing, the Solana ecosystem market cap is at $212,016,134,6219, and the trading volume is at $53,974,324,174.

Top Performers & Losers of The Day

Despite the challenges, a few cryptocurrencies have gained a noticeable hike today, whereas the rest have become the victims of the volatility.

Akash Network (AKT)
Akash Network is currently valued at $5.78 after a 19% hike with a market cap of $1,365,657,789 that too with a 19% surge. It is the most profitable cryptocurrency in today’s crypto market. Moreover, its trading volume has surged 292%, pushing the value to $232,953,427.
The Graph (GRT)
The graph has gained a 16% hike in the last 24 hours and is currently trading at $0.3084. It is ranked 40th on CoinmarketCap for its market cap of $2,924,638,556 after a 16% surge and trading volume of $188,423,197 after a 91% surge.
BNB
At the moment of writing, BNB has started to decline as the current value is at $593.12 after a 0.4% decline. It has a market cap of $87,559,520,977 and a trading volume of $1,598,068,603 after a 13.59% decline.

Final Thoughts

Today marks one of the best-performing days for the crypto market as most cryptocurrencies earned price surges. With the possibility of complete market recovery by month end, the current data stands true for now. It has to see how the crypto market will move next.

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The post How the Crypto Market Is Performing Today?  appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am