AKT up +6.80%, BTC -0.27%, Akash Network is The Coin of The Day – Daily Market Update for Aug 28, 2023 | CoinCodex

Key highlights:

• The whole cryptocurrency market cap decreased from $ 1.06T to $ 1.06T prior to now 24 hours, representing a -0.09% change
• The Bitcoin value at press time is $ 25,963 after falling by -0.27% within the final 24 hours
• The whole crypto buying and selling quantity decreased by -0.09% prior to now 24 hours, and is at present at $ 90.40B
• All costs and modifications are introduced on the time of publication: August 28, 2023, at 06:00 UTC

Market Overview

The whole cryptocurrency market cap is at present $ 1.06T after a -0.09% lower on the day. The whole crypto buying and selling quantity declined by -0.09% in the identical timeframe.

Bitcoin is buying and selling at $ 25,963 after seeing a -0.27% loss within the final 24 hours. The Bitcoin dominance fell by -0.09% and BTC at present represents 47.61% of the cryptocurrency market.

High Cash By Market Cap

At press time, Bitcoin has a market capitalization of $ 505.28B after shedding -0.27% within the final 24 hours. In line with our forecast, the worth of Bitcoin will elevate by 1.10% and attain $ 26,249 by September 2, 2023. To study extra about how the value of Bitcoin might change over the subsequent 7 days, go to our Bitcoin value prediction web page.

Ethereum, which is the second-largest cryptocurrency by market cap, is priced at $ 1,649.44 and has a market capitalization of $ 198.64B. ETH decreased by -0.50% within the final 24 hours. For those who’re enthusiastic about the place the value of Ethereum might head subsequent, try the Ethereum value prediction.

There have been additionally some modifications in the present day within the rating among the many high 10 largest cash by market cap.

• Cardano, which was beforehand ranked 6, is ranked at 5.
• Dogecoin, which was beforehand ranked 5, is ranked at 6.
• Litecoin, which was beforehand ranked 11, is ranked at 10.

Bears Dominate the Market Right this moment

The bears dominated the market in the present day as 84% of cash misplaced worth within the final 24 hours.

Right this moment’s High Gainers are Akash Community, Tezos, and WEMIX Token

Due to a 6.80% value improve, Akash Community was the largest gainer of the day among the many high 200 cryptocurrencies by market cap. Tezos got here in second place, with 24-hour good points of 2.12%. WEMIX Token, aelf and tomiNet full in the present day’s record of the highest cryptocurrency gainers.

Right this moment’s High Losers are ECOMI, Decred, and Theta Token

Sadly, not all cash carried out properly in the present day. The worst performer within the cryptocurrency high 200 was ECOMI, which noticed a lack of -15.03%. Decred additionally did not carry out properly, as its value declined by -7.99% within the final 24 hours. Theta Token, Ethereum PoW and Advantage Circle spherical out in the present day’s high 5 worst performers.

Coin of the Day is Akash Community

Due to its spectacular 6.80% efficiency, Akash Community is in the present day’s coin of the day! Akash Community is at present buying and selling at $ 1.23. Be taught extra about Akash Community and its place available in the market on our Akash Community value prediction web page.

Our technical indicators present that the present Akash Community sentiment is Impartial.

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