Cryptocurrency experts name the most profitable cryptocurrency of the day

Over the past 24 hours, the global cryptocurrency market has added almost 1.7% to its capitalization, reaching $ 1.14 trillion as of May 23. This was due to the growth of the bitcoin rate above $ 27,000. Among the top digital assets, there were three cryptocurrencies whose value jumped by more than 10% over the past day.

Conflux (CFX) was the best performer. The cryptocurrency’s rate increased by 16.25%, and the asset is available for purchase at $ 0.335. The market capitalization reached $ 965.69 million. During the day, traders secured deals worth $ 352.42 million.

The second position went to Kava (KAVA). Over the past day, the price of the asset increased by 15.65% and settled at $ 1.24. The total supply of coins on the market amounted to $ 656.63 million, and trading volumes amounted to $ 119.03 million.

The third place went to Render Token (RNDR), which was the leader in terms of profitability yesterday. The token’s price grew by another 11.17%, having risen by 45.22% in total over the past 7 days. Today, RNDR is trading for $ 2.65 on average, with a market capitalization of $ 963.43 million. Traders made daily trading deals worth $ 207.15 million.

As for the flagship asset of BTC $55,950.57 Bitcoin -1.42% Market capitalization $1.1 trillion VOL. 24 hours $2.64 billion , at the time of writing, bitcoin is worth $ 27,309 with a market capitalization of $ 573.3 billion. The volume of daily trading transactions exceeded $ 13.8 billion.

Recently, bitcoin’s volatility has been extremely low. According to the Glassnode analytical platform, the weekly price range of BTC was only 3.4%, which was one of the lowest values in the last three years. However, market experts are convinced that such periods of inactivity are usually followed by dynamic movement.

The leading altcoin ETH $2,977.95 Ethereum 0.58% Market capitalization $357.96 billion VOL. 24 hours $1.46 billion is currently trading at $ 1,856. The total supply of coins circulating on the market is $ 223.2 billion, and daily trading transactions have reached $ 6.6 billion.