logo

Bitcoin, Binance Coin, Chainlink, and Stellar Daily Price Analyses – 5 December Morning Prediction

Bitcoin

TL;DR Breakdown

  • The global crypto market has seen a bullish trend as it added 1.76% in 24 hours.
  • The performance of Bitcoin has also shown bullishness as it added 1.73%.
  • The value of Binance Coin has also risen as it added 1.66% over the last day.
  • Chainlink and Stellar are both bullish as they added 2.22% and 1.61%, respectively.

The global crypto market has seen a positive change in performance as it continued to rise. The recent changes for Bitcoin, Binance Coin, and others show a bullish trend. As the market has continued to rise in value, there has been a rise in new investments. There is a general rule of following the bullish market as investors are there for gains. If there is stability in the market, there is a chance that gains will enhance considerably.

Reddit avatar minting started in December at an all-time high. So far, there has been a sale of avatars about 93,830 times with a  total sales volume of $11.67 million. The avatar-minting hit an all-time high on 3 December with 255,000 collectibles minted. The analytics are from Dune’s Polygon analytics. According to the available information, the most popular collection of the day was The Singularity. The mentioned collectible came with 98,000 mints which were followed by 58,000 Aww Friends mints.

Reddit had an earlier record of 200,000 avatars minted on 30 and 31 August. The record was set after a month of going live. The platform’s collectible avatars have been lauded as a successful introduction of NFTs to mainstream consumers. Reddit introduced tokenized community points followed by the introduction of NFTs to mainstream consumers.  

Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Binance Coin, and others.

BTC continues to rise

Billionaire Tim Draper has stood firm on his Bitcoin prediction of its reaching $250K. There are many investors and market experts who have continued bullish on Bitcoin despite the current odds. Bitcoin stands a chance of a rise in value even though the market has faced a continuing decline.

BTCUSD 2022 12 05 18 16 46
Source: TradingView

There has been a continuing rise in the value of Bitcoin over recent hours. The latest data shows that it has added 1.73% over the last 24 hours. The seven-day data shows that it has added 6.61%.

The price value of BTC is currently in the $17,256.05 range. The market cap value of Bitcoin is estimated to be $331,745,652,756. The 24-hour trading volume of Bitcoin is about $21,224,809,063.

BNB in gains

A recent document reveal has shown that Alameda Research bought an FTX stake from Binance. Protos reviewed documents filed by Alameda Research that reveal that it held FTX equity on its balance sheet bought from Binance in 2021.

BNBUSDT 2022 12 05 18 17 08
Source: TradingView

The performance of Binance Coin has also shown resilience amid the struggling market. The latest data shows that it has added 1.66% over the last 24 hours. The seven-day data shows that it has added 10.22%.

The price value of BNB is currently in the $294.24 range. The market cap value of Bitcoin is estimated to be $47,164,830,770. The 24-hour trading volume of this coin is about $670,703,679.

LINK remains bullish

Chainlink has also shown a bullish trend as it continues to rise. The recent data shows that it has added 2.22% over the last 24 hours. The seven-day data shows that it has added 10.73%. The price value of LINK is currently in the $7.50 range.

LINKUSDT 2022 12 05 18 17 29
Source: TradingView

The market cap value of Chainlink is estimated to be $3,810,975,534. The 24-hour trading volume of this coin is about $230,937,059. The same amount in its native currency is about 30,772,449 LINK.

XLM also continuing to improve

Stellar has also been on the improving side as it continued to attract gains. The latest data shows that it has added 1.61% over the last day. The seven-day data shows that it has added 6.55%. As the market continues favorable, the price value of XLM has risen to the $0.0821 range.

XLMUSDT 2022 12 05 18 18 49
Source: TradingView

The market cap value of Stellar is estimated to be $2,268,975,728. The 24-hour trading volume of this coin is about $36,667,237. The circulating supply of the same coin is about 25,722,793,422.

Final Thoughts

The global crypto market has witnessed a positive change over the last day. The seven-day data shows that the value of Bitcoin, Binance Coin, and others has continued to rise. As the market has remained bullish, there has been an improvement in investor gains. The global market cap value has also risen as it is estimated to be $866.90 billion.

[the_ad_placement id=”writers”]

Muhammad Ali

Muhammad Ali

Muhammad Ali is an expert on crypto investments. Loving to write about fintech, he joins the team to provide detailed analyses of the hottest crypto news.

Related News

Hot Stories

Cardano price analysis: ADA/USD surges above $0.4039 after regaining positive momentum.
Ether circulating supply hits record low post The Merge
Bitcoin Cash Price Prediction 2023-2032: Will BCH Price go up?
Peer Acquires Elite Team of Engineers Behind Zenly’s Popular 3D Maps
Explained: BNB Greenfield, Decentralized Storage infrastructure for the New Data Economy

Follow Us

Industry News

Ether circulating supply hits record low post The Merge
Crypto exchange Bithumb head arrested in South Korea
This banking startup is set to become the first FDIC-insured bank to offer crypto services
Hamilton Lane launches tokenized equity fund on Polygon
All you need to know about VeChain summit's rebranded version— The Hive

Add Your Heading Text Here