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.
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.
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.
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.
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.
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