Several cryptocurrencies saw a significant increase in market value. The best performers were MultiversX, Immutable, Illuvium, and Telcoin, which all saw significant price increases.
The global cryptocurrency intraday market capitalization has reached $1.32 trillion. This indicates a slight increase of 1.51%. However, the total cryptocurrency market trading volume has dropped by 19.57% to $29.82 billion.
Bitcoin’s dominance of the cryptocurrency market currently stands at 52.04%, down 0.27% on the day. This information provides valuable insights into the dynamics of the cryptocurrency market.
MultiversX（EGLD）
MultiversX has recently experienced a price surge, with the token trading at $48.66 with a 24-hour trading volume of $997.53 million and a market cap of $1.16 billion.
Furthermore, MultiversX has a market dominance of 0.09%. EGLD price has seen a massive increase of 41.97% in the past 24 hours. The all-time high for MultiversX (Elrond) was reached on November 23, 2021 at $541.18. Conversely, its all-time low was $6.52 recorded on October 7, 2020. The lowest price observed since the all-time high was $22.29, which is the cycle low.
Likewise, the highest price of EGLD since the last cycle low is $52.42, marking a cycle high. The current sentiment regarding the MultiversX (Elrond) price prediction is bullish. Furthermore, the Fear and Greed Index is at 70, representing “greed.”
The circulating supply of MultiversX (Elrond) is currently 23.74 million EGLD, with a maximum supply of 31.42 million EGLD. The current annual supply inflation rate is 1.12%, resulting in 262,489 EGLD created in the past year. In terms of market capitalization, MultiversX (Elrond) ranks 25th in the Layer 1 space.
PancakeSwap（CAKE）
PancakeSwap is trading at $2.19 with a 24-hour trading volume of $664.49 million. Its market cap is $511.47 million, and its market dominance is 0.04% with an intraday gain of 21.53%.
Furthermore, the current sentiment towards the PancakeSwap price prediction is leaning towards bullish. The Fear and Greed Index is also at 70, indicating ‘greed’.
A pullback is likely to occur after CAKE price rises by more than 50%. Such a pullback provides investors with an entry opportunity before further gains. Nonetheless, the overall downtrend seems to have reversed. Therefore, the pullback could be an entry point for investors who are looking to take advantage of CAKE’s breakout above $2.
Immutable X (IMX)
Immutable X (IMX) is currently priced at $0.950351 with a trading volume of $485.81 million and a market cap of $1.19 billion. In addition, IMX has an intraday gain of 23.48% and holds a market dominance of 0.09%.
Immutable X peaked on November 5, 2021, when it traded at an all-time high of $14.02. On the other hand, the lowest recorded price of Immutable X occurred on December 30, 2022, at $0.377004. The lowest price observed since the all-time high is $0.377004, while the highest price observed since the previous cycle low is $1.569170.
The current sentiment surrounding the Immutable X price prediction is bullish. The Fear and Greed Index score is 70, indicating a “greedy” sentiment among investors. Furthermore, the circulating supply of Immutable X is currently 1.25 billion IMX, with a maximum supply of 2 billion IMX.
Notably, the annual supply inflation rate is 432.04%, resulting in 1.02 billion IMX being created last year. Based on market cap, Immutable X ranks third in the Layer 2 space.
Iluvium (ILV)
Iluvium (ILV) is trading at $65.78 with a 24-hour trading volume of $37.1 million. Its market cap is $241.14 million and it maintains a 0.02% market dominance. In the past 24 hours, ILV price has increased by 10.88%, making it into the list of the biggest cryptocurrency gainers today.
Notably, Illuvium reached an all-time high on November 30, 2021, at $1,912.82. In comparison, its all-time low was recorded on June 22, 2021, at $29.12. Since the all-time high, the lowest price reached was $37.82, marking a cycle low. Similarly, the highest price of ILV since the last cycle low was $105.94, representing a cycle high.
The current sentiment towards the Illvium price prediction is bullish. Likewise, the Fear & Greed Index has a value of 70, which indicates “greed”. Illuvium currently has a circulating supply of 3.67 million ILV tokens, with a maximum supply of 9.63 million ILV. Notably, the annual supply inflation rate is a whopping 463.24%. Thus, 3.02 million ILV tokens were created in the last year.
Sheet（SHEET）
Ark is currently priced at $1.677255 with a 24-hour trading volume of $976.93 million. Its market capitalization is $296.38 million and its market dominance is 0.02%. In the past 24 hours, the price of ARK has increased by 17.15%.
In the current sentiment analysis, the Ark price prediction leans towards a bullish outlook. Also, the Fear & Greed Index has a reading of 70, indicating greedy sentiment. The current circulating supply of ARK is 176.71 million ARK tokens, with a maximum supply of 161.28 million ARK tokens.
Notably, ARK’s annual supply inflation rate is 24.87%, resulting in 35.2 million ARK tokens being created last year. In the field of proof-of-stake tokens, ARK is currently ranked 17th by market cap.
Telcoin (TEL)
Telcoin (TEL) is trading at $0.002248 with a market cap of $157.94 million and a 24-hour trading volume of $1.88 million.
Furthermore, it holds a market dominance of 0.01% and has seen a 10.95% price increase in the past 24 hours. The current sentiment regarding Telcoin price prediction is bullish. Likewise, the Fear and Greed Index is at 70, indicating “greed.”
Telcoin's circulating supply is currently 70.25 billion TEL, with a maximum supply of 100 billion TEL. It is worth noting that the current annual supply inflation rate is 11.57%, resulting in 7.29 billion TEL being created last year.
Today’s article ends here. If you think it’s well written, you can click to follow and read~
