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Price analysis 12/28: BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT, LTC, UNI

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Price analysis 12/28: BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT, LTC, UNI

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Price analysis 12/28: BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT, LTC, UNI

As of Monday, December 28th, 2020, the top 10 cryptocurrencies by market capitalization according to CoinMarketCap (CMC) were as follows:

Bitcoin (BTC) – Ranked first with a market capitalization of $725 billion, BTC was trading at $23,826.23.

Ethereum (ETH) – Ranked second with a market capitalization of $71.37 billion, ETH was trading at $715.05.

Binance Coin (BNB) – Ranked third with a market capitalization of $29.94 billion, BNB was trading at $43.67.

XRP (XRP) – Ranked fourth with a market capitalization of $13.98 billion, XRP was trading at $0.251.

Dogecoin (DOGE) – Ranked fifth with a market capitalization of $8.69 billion, DOGE was trading at $0.0036.

Cardano (ADA) – Ranked sixth with a market capitalization of $7.62 billion, ADA was trading at $0.174.

Polygon (MATIC) – Ranked seventh with a market capitalization of $4.71 billion, MATIC was trading at $0.565.

Polkadot (DOT) – Ranked eighth with a market capitalization of $4.34 billion, DOT was trading at $7.01.

Litecoin (LTC) – Ranked ninth with a market capitalization of $4.10 billion, LTC was trading at $99.14.

Uniswap (UNI) – Ranked tenth with a market capitalization of $3.19 billion, UNI was trading at $3.05.

Bitcoin (BTC)

BTC had a relatively stable weekend, with both positive and negative price movements of around 2 to 3%. The majority of price action occurred around the $23,000 level, with the coin peaking at $23,969 and bottoming out at $23,052. This holds true for much of the market this week, with few massive gainers or losers in the top 10 coins by market capitalization.

Ethereum (ETH)

ETH has been hovering around the $710 to $720 mark, with a few intermittent days of gains and losses. Prices rose slightly on December 26th to hit a high of $735.80, but dropped back down to the sub-$720 level the next day. Monday’s price looked to continue this pattern, with ETH trading within a $6 range on the day.

Binance Coin (BNB)

BNB was trading within a range of between $43.60 and $45 throughout the weekend, before dropping down significantly to the lower $40s today. However, it is still trading within a relatively tight range and has so far managed to avoid any major losses.

Other cryptocurrencies

Other major cryptocurrencies such as XRP, DOGE, ADA, MATIC, DOT, LTC, and UNI have also been trading within narrow price bands over the past few days, with no major gainers or losers. Generally speaking, the entire market appears to be stabilizing after the massive bull run of the past few weeks.

Overall, prices for the top 10 cryptocurrencies continue to remain relatively stable, which points to a healthy market. Investors should look to capitalize on the stability of the market by making sensible investments.

In the latest cryptocurrency price analysis, we’re taking a closer look at Bitcoin (BTC), Ether (ETH), Binance Coin (BNB), Ripple (XRP), Dogecoin (DOGE), Cardano (ADA), Matic Network (MATIC), Polkadot (DOT), Litecoin (LTC), and Uniswap (UNI).

Bitcoin (BTC), the world’s largest cryptocurrency, recorded a decrease of 0.76% over the past 24 hour period. It is currently trading at $28,050.09 with a market cap of $522.66 billion.

Ether (ETH) has also seen a decrease in price, dropping by 0.11%. It is currently trading at $692.24 with a market cap of $78.81 billion.

Binance Coin (BNB) has seen the largest decrease in price of the ten coins analyzed, dropping by 3.99%. It is currently trading at $39.70 with a market cap of $6.09 billion.

Ripple (XRP), the third-largest cryptocurrency, has seen a decrease of 0.77%. It is currently trading at $0.450324 with a market cap of $20.82 billion.

Dogecoin (DOGE) has dropped by 0.41%. It is currently trading at $0.003431 with a market cap of $4.54 billion.

Cardano (ADA) has recorded a decrease of 4.02%. It is currently trading at $0.145572 with a market cap of $4.27 billion.

Matic Network (MATIC) has seen a decrease of 1.66%. It is currently trading at $0.057434 with a market cap of $2.54 billion.

Polkadot (DOT) has seen a decrease of 2.90%. It is currently trading at $6.11 with a market cap of $5.35 billion.

Litecoin (LTC) has recorded a decrease of 0.45%. It is currently trading at $72.23 with a market cap of $4.90 billion.

Uniswap (UNI) has seen a decrease of 0.12%. It is currently trading at $3.66 with a market cap of $3.81 billion.

Overall, the cryptocurrency market has seen a slight downturn in prices. Investors may want to look closer into each individual asset to gain insight on their future performances.

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