There has been a continuation of the positive trend for the global crypto market. The recent data for Bitcoin, Binance Coin, and others show a continuation of the influx of capital. The ongoing changes in the market show that it has been able to retain gains. Though there has been a downward pull, the market hasn’t given in. In contrast, it has attempted to strengthen its value, showing resilience. If the market continues like this, it might be able to revive its value.
Warren Buffet-backed Nubank has picked Polygon for the Web3 token. As the prospects of Polygon grow, there is a rise in its value expected. MATIC has painted a bull flag setup with a profit target sitting nearly 100% higher than its current price. The price of MATIC is likely to get double by the end of 2022 or early 2023 due to extremely bullish fundamental and technical indicators.
Polygon has attracted high-end clients after Brazilian fintech company backed by Warren Buffet’s Berkshire Hathaway and Softbank chose it for its blockchain and digital token named Nucoin. The airdropping of the new token will take place in early 2023, and the customers will enjoy several benefits of these. The two companies have joined hands to ensure that the complexity of blockchain-related development ends.
Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Binance Coin, and others.
BTC stuck in the $19K range
Bitcoin eyes safe-haven status as a gold correlation has returned. According to Bank of America, despite Bitcoin volatility, the leading cryptocurrency and gold have behaved quite similarly. Thus, this behavior might benefit Bitcoin in the upcoming months.
The recent changes for Bitcoin show a continuation of the bullish trend. The latest data shows that it has added 0.48% over the last 24 hours. The weekly data shows that it has receded by 1.03%.
The fluctuations in value have kept BTC’s price value in the $19,281.13 range. The market cap value for Bitcoin is estimated to be $369,701,675,878. The 24-hour trading volume of this coin is about $33,765,520,333.
Binance has become a crypto market giant because of its enhanced services and innovative approach. In a new development, it has blown competitor exchanges as it clenched 55% dominance over spot trading volume.
The performance of Binance Coin has shown a positive trend as its gains continue. The latest data shows that it has added 0.83% over the last 24 hours. The weekly data shows that it has shed 0.25%.
The price value for BNB is currently in the $272.65 range. The market cap value for this coin is estimated to be $43,589,449,902. The 24-hour trading volume of this coin is about $591,486,105.
The value of Cosmos has also seen a positive trend. The latest data shows that it has added 1.11% over the last 24 hours. The weekly data for this coin shows that it has shed 4.65%. The price value for ATOM is currently in the $11.71 range.
The market cap value for Cosmos is estimated to be $3,354,616,212. The 24-hour trading volume of this coin is about $197,882,989. The same amount in its native currency is about 16,892,487 ATOM.
XMR in losses
The performance of Monero has shown a negative trend. The latest data shows that it has receded by 0.93% over the last day. The weekly data shows that it has shed 1.10%. The price value for XMR is currently in the $142.27 range.
The market cap value for Monero is estimated to be $2,588,082,746. The 24-hour trading volume of this coin is about $70,764,230. The circulating supply of the same coin is about 18,191,519 XMR.
The global crypto market has seen a positive trend over the last day. The ongoing changes for Bitcoin, Binance Coin, and others show optimistic metrics. As the market has remained bullish, there is hope for the enhancement of investor gains. The global market cap value has also enhanced as a result of the continued gains. The latest data shows that it is estimated to be $927.92 billion.