PLA up +114.83%, BTC +1.79%, Arweave is The Coin of The Day – Daily Market Update for Feb 28, 2024 | CoinCodex

PLA up +114.83%, BTC +1.79%, Arweave is The Coin of The Day - Daily Market Update for Feb 28, 2024

Key highlights:

  • The total cryptocurrency market cap increased from $ 2.14T to $ 2.15T in the past 24 hours, representing a 0.68% change
  • The Bitcoin price at press time is $ 57,074 after growing by 1.79% in the last 24 hours
  • The total crypto trading volume increased by 0.68% in the past 24 hours, and is currently at $ 371.51B
  • All prices and changes are presented at the time of publication: February 28, 2024, at 06:00 UTC

Market Overview

The total cryptocurrency market cap is currently $ 2.15T after a 0.68% increase on the day. The total crypto trading volume increased by 0.68% in the same time frame.

Bitcoin is trading at $ 57,074 after seeing a 1.79% gain in the last 24 hours. The Bitcoin dominance grew by 0.30% and BTC currently represents 52.10% of the cryptocurrency market.

Top Coins By Market Cap

At press time, Bitcoin has a market capitalization of $ 1.12T after gaining 1.79% in the last 24 hours. According to our forecast, the value of Bitcoin will raise by 0.98% and reach $ 57,632 by March 4, 2024. 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 $ 3,258.98 and has a market capitalization of $ 391.57B. ETH increased by 1.04% in the last 24 hours. If you’re interested in where the price of Ethereum could head next, check out the Ethereum price prediction.

There were also some changes today in the ranking among the top 10 biggest coins by market cap.

  • Dogecoin, which was previously ranked 9, is ranked at 8.
  • TRON, which was previously ranked 8, is ranked at 9.

Bears Dominate the Market Today

The bears dominated the market today as 80% of coins lost value in the last 24 hours.

Today’s Top Gainers are PlayDapp, Arweave, and Pepe Coin

Thanks to a 114.83% price increase, PlayDapp was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Arweave came in second place, with 24-hour gains of 63.84%. Pepe Coin, Dogwifhat and GALA complete today’s list of the top cryptocurrency gainers.

Today’s Top Losers are Nervos Network, Coti, and Worldcoin

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Nervos Network, which saw a loss of -13.26%. Coti also didn’t perform well, as its price declined by -12.47% in the last 24 hours. Worldcoin, Neutron and Mantle round out today’s top 5 worst performers.

Coin of the Day is Arweave

Thanks to its impressive 63.84% performance, Arweave is today’s coin of the day! Arweave is currently trading at $ 26.29. Learn more about Arweave and its position in the market on our Arweave price prediction page.

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

Buy/Sell Arweave

Source: https://coincodex.com/article/38302/daily-market-update-for-february-28-2024/