Cryptocurrency Dogecoin became the most profitable in a day

❗ Not financial advice!

The cryptocurrency market is showing gradual growth, which allows industry experts to make cautiously optimistic forecasts. Today, January 10, four virtual assets from the top 100 ranking brought profit to their investors in the short term.

The price of Dogecoin DOGE $0.02 Department Of Government Efficiency 4.52% Market capitalization $23.71 million VOL. 24 hours $0.21 billion increased by 7.8% per day. According to CoinGecko, DOGE reached its three-week high of $ 0.0787 yesterday, January 9. At the time of writing, the virtual asset is worth $ 0.08. The total growth of the meme-coin for the week reached 10%. The asset’s market capitalization amounted to $ 10.5 billion, and daily trading volumes amounted to $ 179.2 million.

Over the past 24 hours, Litecoin LTC $69.93 Litecoin -1.35% Market capitalization $5.25 billion VOL. 24 hours $23.12 million has grown by 7.6%. The coin is currently available for purchase at $ 81.13. The asset’s market capitalization amounted to $ 5.8 billion, and the volume of daily trading transactions was $ 72.4 million.

The Uniswap virtual coin UNI $7.57 Uniswap -0.20% Market capitalization $5.71 billion VOL. 24 hours $13.27 million also managed to add to the price. Over the past day, the cryptocurrency has grown by 7.3% and is trading at an average of $ 5.78. The market capitalization of the asset amounted to $ 4.35 billion, and traders made daily trading deals worth $ 9.2 million.

Binance Coin BNB $600.29 BNB -1.40% Market capitalization $87.58 billion VOL. 24 hours $0.16 billion also pleased its investors, as the asset grew by 6.3%. At the moment, BNB is trading at $ 275.69, the total supply of coins on the market is $ 45 billion, and daily trading transactions exceeded $ 97.4 million.

As for the flagship cryptocurrency BTC $65,742.83 Bitcoin -0.28% Market capitalization $1.3 trillion VOL. 24 hours $0.6 billion , bitcoin is currently worth $ 17,265. The asset’s market capitalization is $ 332.5 billion, and daily trading volume is 4.15 billion.

Ethereum ETH $2,670.49 Bridged Ether (StarkGate) -0.95% Market capitalization $0.2 billion VOL. 24 hours $0.36 billion grew by just over 1.3%. At the time of writing, the leading altcoin is trading at $ 1,330. The total supply of coins circulating on the market is $ 160.3 billion, and the daily trading volume exceeded $ 693.9 million.

Cryptocurrency investors are closely watching the upcoming Consumer Price Index (CPI) report, which will be released on Thursday, January 12. The CPI report, which details the inflation picture for December 2022, is considered the most important economic analysis released before the Federal Open Market Committee (FOMC) meeting. The CPI analysis will help determine the size of the Fed’s interest rate hike.

With inflation projected to rise by 0.3% in December, financial markets and the cryptocurrency industry in particular expect the Fed to raise rates to 4.5−4.75%.