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Bitcoin, Binance Coin, Polygon, and Shiba Inu Daily Price Analyses – 22 October Morning Prediction

Bitcoin

TL;DR Breakdown

  • The global crypto market has seen a continuation of gains, adding 1.47% in 24 hours. 
  • The performance of Bitcoin also shows a continuation of growth as it added 1.07%. 
  • Binance Coin has also stayed bullish, adding 1.22% in the last 24 hours. 
  • Polygon and Shiba Inu are both bullish, as they have added 4.61% and 2.71%, respectively. 

The global crypto market has continued to grow in value due to the influx of capital. The recent hours have seen a speedy growth in value, which has strengthened the emaciated coins. The value of Bitcoin, Binance Coin, and others will likely increase if the current trend continues. The last few months have proved trying for the market as the situation has worsened instead of improvement. There have been sparse moments of respite but no definitive positive change. 

Spain has overtaken El Salvador to become the third-largest crypto ATM hub. Spain currently hosts 215 crypto ATMs, pushing El Salvador, which is home to 212 ATMs. While US and Canada are the top two countries with crypto ATMs. The ongoing changes have pushed El Salvador to the fourth position. Data from CoinATMRadar confirms that Spain represents 0.6% of the global crypto ATM installations. 

Moreover, this data shows that Spain contributes 14.65% to Europe’s crypto ATM installations. Spain is followed by Switzerland, Poland, and Romania. The mentioned country installed 43 crypto ATMs in 2022. While it has plans to complete the installation of 100 ATMs by the end of the year. Thus, the total number of ATMs completed will reach 300. 

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

BTC continues to grow

As whales have aggressively accumulated Bitcoin, $1 billion worth of BTC has left Coinbase in a day. Despite the slowdown in the market, resilience has been noticed for Bitcoin. The fundaments seem to be bringing Bitcoin to highs as the demand grows. 

BTCUSD 2022 10 22 17 00 50
Source: TradingView

The recent changes for Bitcoin show a continuation of the positive trend. The latest data shows that it has added 1.07% over the last 24 hours. The seven-day data for Bitcoin shows an addition of 0.17%. 

The continuation of gains has brought BTC’s price value to the $19,189.67 range. The market cap value for Bitcoin is estimated to be $368,178,487,675. The 24-hour trading volume of Bitcoin is about $28,659,590,616. 

BNB stays bullish

Quant has got listed in Binance futures as its price resets to $170. As it has been placed in Binance futures, there have been hopes for enhancement in its value. Though the price of this coin was rejected by the high of $220, it is still above the key support area. 

BNBUSDT 2022 10 22 17 01 17
Source: TradingView

The recent changes for Binance Coin show strength in its value. The latest data shows that it has added 1.22% over the last day. The seven-day data shows that it has shed 0.29%. 

The price value for BNB is currently in the $270.01 range. The market cap value for this coin is estimated to be $43,195,922,000. The 24-hour trading volume of this coin is about $509,928,449. 

MATIC continues forward-march

The performance of Polygon has also shown a positive trend. The latest data shows that it has added 4.61% over the last 24 hours. The weekly performance of this coin shows an addition of 3.61%. The price value for MATIC is currently in the $0.8256 range.

MATICUSDT 2022 10 22 17 01 38
Source: TradingView

The market cap value for Polygon is estimated to be $7,218,796,717. The 24-hour trading volume of this coin is about $356,182,684. The same amount in its native currency is about 430,960,001 MATIC. 

SHIB vigorous

The value of Shiba Inu has also increased due to the bullish market. The latest data shows that it has added 2.71% over the last day. According to its weekly performance, there has been a decline of 1.74%. The price value for SHIB is currently in the $0.00001003 range. 

SHIBUSDT 2022 10 22 17 03 56
Source: TradingView

The market cap value for Shiba Inu is estimated to be $5,505,243,502. The 24-hour trading volume of this coin is about $139,569,693. The circulating supply of this coin is about 549,063,278,876,302 SHIB. 

Final Thoughts

The global crypto market has seen a positive trend over recent hours. The latest data shows that Bitcoin, Binance Coin, and others continued to grow. As the market has retained gains, there has been a strength seen in its value. The global market cap value has also enhanced. The latest data shows that it is estimated to be $921.46 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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