The global crypto market has continued to show encouraging performance. The increase in the value of various tokens has attracted further investments to the market. As the influx of capital continues, the value of Bitcoin, Binance Coin, and others has shown enhancement. The changing pattern towards bullishness is expected to continue as the market has seen lasting changes after a long while. If the current bullishness continues, the market is likely to grow considerably.
Pantera Capital has completed a $4.5 million funding round for Near-based wallet Sender. The Web3 wallet has reached a $45 million valuation due to recent funding. Other investors in the funding round included Crypto.com, Jump Crypto, Amber Group, Woo Network, SevenX Ventures, etc. As of an announcement made on Wednesday, the investment was structured as a token sale.
The deal closed in April 2022 amid a situation when the market saw much turbulence. Token prices have seen a significant decline in value while some major names in crypto have collapsed. Sender is a non-custodial wallet that allows users to swap tokens instantly. They can also stake tokens to potentially earn rewards and hold NFTs. The said wallet claims to have been downloaded more than half a million times.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Binance Coin, and others.
BTC crosses $22K
Bitcoin has continued bullish as the market remains favorable for it. Analysts predict $24,000 for Bitcoin if the gains’ streak isn’t affected by any negative change. Bitcoin price had plunged to $18,500 due to a bearish market, but the recent changes have helped it revive its value.
The ongoing bullish situation has bolstered Bitcoin growth over recent hours. The latest data shows that it has added 3.55% over the last 24 hours. In comparison, the data for the last seven days shows an addition of 12.99%.
The price value for BTC is currently in the $22,315.67 range and might grow further. The market cap value for Bitcoin is estimated to be $427,315,192,475. The 24-hour trading volume of this coin is about $48,015,474,632.
Binance has announced a new cashback feature to bolster crypto utility. Binance users will be able to benefit from this feature and can earn cashback. According to available updates, SHIB and ADA users can enjoy 8% cashback on Binance Card purchases.
The performance of Binance Coin has also shown bullish signs as the growth continues. The latest data shows it has added 1.06% over the last 24 hours. The weekly data shows an addition of 7.99%.
The bullish trend has strengthened the price value for BNB to the $297.42 range. The market cap value for this coin is estimated to be $47,985,678,471. The 24-hour trading volume of this coin is about $890,145,873.
AVAX on rising
Avalanche has also remained in a favorable position as the market has continued to grow. The latest data shows that it has added 6.77% over the last 24 hours. The seven-day data shows that the gains for it are about 16.64%. The price value for AVAX is currently in the $21.75 range.
The market cap value for Avalanche is estimated to be $6,431,234,725. The 24-hour trading volume of this token is about $581,765,279. The same amount in its native currency is about 26,745,966 AVAX.
Tron has been affected by the changing influx of capital. The latest data shows it has shed 0.17% over the last 24 hours. The gains for the last seven days are about 1.64%. The fluctuation in value has brought the price value for TRX to the $0.6393 range.
The market cap value for Tron is estimated to be $5,905,226,640. The 24-hour trading volume of this token is about $397,208,828. The circulating supply of this token is about 92,369,831,817 TRX.
The global crypto market has witnessed a favorable situation due to an influx of capital. The continued gains have brought Bitcoin, Binance Coin, and others to a stronger position. As the gains continue, the market is likely to grow in value. The global market cap value has also strengthened due to gains. The latest data shows that it is estimated to be $1.08 trillion.