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Bitcoin, Binance Coin, Nexo, and Casper Daily Price Analyses – 18 October Morning Prediction

Bitcoin

The global crypto market has witnessed a continuation of the positive trend. The recent changes for Bitcoin, Binance Coin, and others show that they retained their gains. As the market has been bullish, there has been no decline in gains for the investors. The market has struggled for continued gains to revive its value, but it hasn’t been successful so far. Though the current trend is that of bullishness, it is yet to be seen how long it will continue.

Dubai has introduced metaverse cops, becoming the first city in the world to offer virtual services in this domain. The idea of the metaverse came in 1992 with Snow Crash, a novel by Neal Stephenson. Since then, it has developed into a billion-dollar industry that has attracted individuals and big corporations. The market capitalization of the metaverse is already $38.5 billion and is likely to grow further.

Dubai Police introduced metaverse cops in Gitex Technology Week as it unveiled this innovative service. Thus, the public will be able to contact cops remotely, making them easily accessible. The new smart application will help police establish a connection with the public through the virtual domain. The new application can be used for the solution of a range of problems. While there is support for a range of languages. 

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

BTC continues to grow

Morgan Stanley has announced a 15% rise in Bitcoin value over the coming days. The price rally has been predicted at a time when the market has continued to be bullish. The market has moved in correlation with the US stock market, while the traders have remained cautious of possible losses.

BTCUSD 2022 10 18 17 15 24
Source: TradingView

The recent data for Bitcoin shows the continued addition of capital. The latest data shows it added 0.78% over the last day. The weekly data for Bitcoin shows a gain of 2.21% as the gains continue.

The price value for BTC is currently in the $19,590.92 range. The market cap value for Bitcoin is estimated to be $375,586,061,495. The 24-hour trading volume of Bitcoin is about $27,983,598,019.

BNB in gains

Binance has fulfilled its promise of burning Terra Classic tokens (LUNC) as the project enters the third phase. Binance burned over 2.5 billion Terra Classic tokens in the third batch of burns. Binance has announced charging customers for burning these tokens.

BNBUSDT 2022 10 18 17 15 45
Source: TradingView

The performance of Binance Coin has also shown improvement over recent hours. The latest data shows it added 0.29% over the last day. The weekly data shows that it has gained 0.55%.

The positive trend has taken BNB’s price value to the $273.88 range. The market cap value for this coin is estimated to be $44,154,447,133. The 24-hour trading volume of this coin is about $590,471,846.

NEXO continues to be bullish

The value of Nexo has also improved due to the recent bullish trend. The latest data shows that it has added 0.79% over the last 24 hours. The weekly performance of this coin shows a growth of 6.74%. The price value for NEXO is currently in the $0.8865 range.

NEXOUSDT 2022 10 18 17 16 12
Source: TradingView

The market cap value for Nexo is estimated to be $495,503,732. The 24-hour trading volume of this coin is about $5,314,785. The same amount in its native currency is about 6,006,573 NEXO.

CSPR bearish

Casper has seen a bearish trend due to the lowered influx of capital. The latest data shows that it has receded by 1.92% over the last 24 hours. The seven-day data shows that it has added 37.87%. The price value for CSPR is currently in the $0.04737 range.

CSPRUSDT 2022 10 18 17 17 19
Source: TradingView

The market cap value for Casper is estimated to be $493,680,722. The 24-hour trading volume of this coin is about $51,340,103. The circulating supply of this coin is about 10,431,357,780 CSPR.

Final Thoughts

The global crypto market has continued to be bullish as the influx of capital remains unchanged. As there were little impediments to growth, the value of Bitcoin, Binance Coin, and others enhanced. The recent changes have also strengthened the global market cap value. The latest data shows that it is estimated to be $933.69 billion. 

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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.

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