Crypto News

KDA up +58.71%, BTC +0.80%, Kadena is The Coin of The Day – Daily Market Update for Nov 07, 2021

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Key highlights:

Market Overview

The total cryptocurrency market cap is currently $ 2.81T after a 1.16% increase on the day. The total crypto trading volume increased by 1.16% in the same time frame.

Bitcoin is trading at $ 61,932 after seeing a 0.80% gain in the last 24 hours.The Bitcoin dominance fell by -0.07% and BTC currently represents 41.62% of the cryptocurrency market.

Top Coins By Market Cap

At press time, Bitcoin has a market capitalization of $ 1.17T after gaining 0.80% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -3.89% and reach $ 59,522 by November 12, 2021. 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 $ 4,551.02 and has a market capitalization of $ 538.11B. ETH increased by 0.77% in the last 24 hours. If you’re interested in where the price of Ethereum could head next, check out the Ethereum price prediction.

Bulls Dominate the Market Today

The bulls dominated the market today as 73% of coins gained value in the last 24 hours.

Today’s Top Gainers are Kadena, Vectorspace AI, and OriginTrail

Thanks to a 58.71% price increase, Kadena was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Vectorspace AI came in second place, with 24-hour gains of 39.71%. OriginTrail, Helium and Avalanche complete today’s list of the top cryptocurrency gainers.

Today’s Top Losers are Samoyedcoin, Decentraland, and Tezos

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Samoyedcoin, which saw a loss of -9.23%. Decentraland also didn’t perform well, as its price declined by -8.44% in the last 24 hours. Tezos, IoTeX and WAX round out today’s top 5 worst performers.

Avalanche reached new All-Time High after gaining +38.66% in the last month, 4 other cryptocurrencies reached a new ATH in the last 24 hours

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

Today 5 cryptocurrencies reached a new ATH. Amongst the top gainers was Avalanche that reached a new ATH after gaining +13.18% in the last 24 hours. Other crypto assets that reached ATH in the last 24 hours are HNT, KDA, GNO, and 1 more.

Congratulations to the HODLers!

Coin of the Day is Kadena

Thanks to its impressive 58.71% performance, Kadena is today’s coin of the day! Kadena is currently trading at $ 17.75. Learn more about Kadena and its position in the market on our Kadena price prediction page.

Our technical indicators show that the current Kadena sentiment is Bullish.



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