Loading...

Bitcoin, Binance Coin, Hedera, and The Sandbox Daily Price Analyses – 4 May Roundup

In this post:

The global crypto market has overcome the bearish hurdles, adding 5.27% over the last 24 hours.

Bitcoin has also continued to gain value as the market turned favorable, adding 4.63%.

The value of the Binance Coin has also improved, adding 4.76% over the last day.

Hedera and the Sandbox are bullish, adding 8.90% and 11.89%, respectively.

The performance of the global crypto market has enhanced with the influx of capital for Bitcoin and other currencies. The last 24 hours proved to be fortunate as the gains increased tremendously. The change has helped the market elevate from the ongoing bearishness situation, which took the market to record lows. As the new gains have helped it regain value, it might reach its previous highs. The market might also get support from the stable dollar, which might help it see stability. The instability of the US market had greatly affected its value of it.

Treatment centers are now considering the increasing craze for crypto trading as an ‘addiction.’ Various treatment centers offer treatment for this problem to help relieve the victims of this addiction. The demand for this treatment is evident from the value of the treatment courses, which are about $90K. The said amount might not be that higher because of the value of losses that Bitcoin and other currencies suffered. The problem increased as the market saw dips recently.

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

BTC closer to $40K

Bitcoin might get to see its mining prospects in Kazakhstan as the country is improving its market. A recent update tells of the government requiring the miners to provide a comprehensive report of their activities and facilities that they would be running. It would help with determining the impacts of mining on the country.

BTCUSD 2022 05 05 08 27 10
Source: TradingView

The latest data for Bitcoin shows that it has added 4.63% over the last 24 hours. The gains for it have increased gradually and might go further high. As the gains have increased, the value of weekly gains has also increased, taking them to 0.72%. As these values increase, other metrics have also shown positive signs.

The price value for Bitcoin has also improved as it is currently in the $39.751.73 range. If we compare the market cap value for Bitcoin, it is estimated to be $756,512,996,994. In contrast, the 24-hour trading volume of Bitcoin has also seen improved and is currently about $37,562,989,244.

BNB enhances its pace

Binance Coin has also improved as the new gains have lent the market their support. The decision to form committees in Pakistan regarding crypto has enhanced Binance Coin because of its fanbase in the country. If there is proper legislation in this regard, Binance Coin might see further improvement.

BNBUSDT 2022 05 05 08 27 32
Source: TradingView

The latest data for Binance Coin shows that it has added 4.76% over the last 24 hours. The comparative performance for the last seven days has also seen enhancement as it grew to 3.21%. The latter value is much better compared to Bitcoin.

If we look at the impacts on the price value, it has also enhanced and is currently about $403.86. If we compare the market cap value, it is estimated to be $65,940,636,102. At the same time, its 24-hour trading volume remained at about $1,735,573,381.

HBAR makes considerable growth

Hedera Hashgraph is also moving towards gains, making significant progress over the last 24 hours. The data for the last day shows that it has gained 8.90%. Its price value had fluctuated due to a constant decrease in value over the last seven days. The losses for its seven days show that it shed 9.37%.  

HBARUSDT 2022 05 05 08 27 57
Source: TradingView

Its price value enhanced due to the recent increase in value as it reached $0.1537. If we compare the market cap value for HBAR, it is estimated to be $3,187,335,548. If we look at its 24-hour trading volume, it is about $69,488,064.

SAND makes tremendous gains

The Sandbox has been bullish over the last 24 hours as it saw a tremendous influx in value. The data for the last 24 hours shows that it has gained 11.89%. The increase in value has helped lower the previous losses that it suffered over the last seven days. The seven-day losses have been reduced to 3.37%.

SANDUSDT 2022 05 05 08 28 27
Source: TradingView

Its price value also saw stability as it is currently in the $2.44 range. If we take a peek at its market value, it is estimated to be $2,826,040,195. If we compare the 24-hour trading volume, it is about $482,238,247. The circulating supply of it is about 1,159,539,778 SAND.

Final Thoughts

The global crypto market is moving towards gradual improvement as it has brought considerable gains. The current changes in the market are encouraging investors who might invest further to get the maximum benefit. The increase in value has helped the global market cap value reach $1.81T as the latest updates. As the market strengthens further in value, it will attract more investments. The reason for the hard days was continuous depreciation, due to which investors suffered greatly. 

[the_ad_placement id=”writers”]

Share link:

Most read

Loading Most Read articles...

Stay on top of crypto news, get daily updates in your inbox

Related News

Spot Bitcoin ETFs Finally Revive, See $1.4B Weekly Inflows
Cryptopolitan
Subscribe to CryptoPolitan