Market Overview
The total value of all cryptocurrencies, known as the market cap, has slightly increased in the past 24 hours, rising from $1.63 trillion to $1.64 trillion. This represents a change of 0.68%.
The trading volume, which measures the amount of buying and selling activity in the cryptocurrency market, has also increased by 0.68% over the same period. It currently stands at $226.03 billion.
Bitcoin
Bitcoin, the largest cryptocurrency by market cap, is currently trading at $42,593, a decrease of 0.50% over the past 24 hours. Despite this slight dip, Bitcoin continues to dominate the market, accounting for 50.68% of the total cryptocurrency value.
According to our analysis, the price of Bitcoin is expected to increase by 1.51% in the coming days, potentially reaching $43,236 by December 20, 2023.
Other Notable Cryptocurrencies
- Ethereum (ETH): The second-largest cryptocurrency, Ethereum, is trading at $2,275.66, with a market cap of $273.55 billion. ETH has gained 0.23% in the last 24 hours.
- Bonk (BONK): Bonk has experienced remarkable growth, increasing by 99.19% in the last 24 hours, making it the biggest gainer among the top 200 cryptocurrencies by market cap.
- Helium (HNT): Helium has also performed well, showing a 29.73% gain in the past day.
- KuCoin Token (KCS): Unfortunately, not all cryptocurrencies have fared as well, with KCS being the worst performer in the top 200, losing -18.95% in the last 24 hours.
New All-Time Highs
Several cryptocurrencies have reached new all-time highs today.
- Bonk (BONK): $0.000031
- MicroPets (PETS): $0.000129
- Echelon Prime (PRIME): $11.19
Coin of the Day: Bonk
With its impressive 99.19% surge, Bonk is our coin of the day. This surge has brought Bonk’s price to $0.000028.
Our technical analysis indicates a bullish sentiment for Bonk. For more information on Bonk and its market positioning, visit our dedicated Bonk price prediction page.
Frequently Asked Questions (FAQs)
A: A cryptocurrency is a digital currency that uses blockchain technology to secure and verify transactions.
Q: What is market cap?
A: Market cap is the total value of all the coins in a cryptocurrency, calculated by multiplying the price of each coin by the number of coins in circulation.
Q: What is trading volume?
A: Trading volume measures the amount of buying and selling activity in a cryptocurrency market over a specific period.
Q: What is an all-time high (ATH)?
A: An all-time high is the highest price a cryptocurrency has reached since its inception.