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Bitcoin, Binance Coin, VeChain, and Aave Daily Price Analyses – 1 August Morning Price Prediction

Bitcoin
TL;DR Breakdown
  • The global crypto market has seen a decline in value as it has shed 2.91% over the last day.
  • The performance of Bitcoin is also on the decline as it has shed 3.05% over the last 24 hours.
  • Binance Coin has been in a bearish mood as it has receded 2.83%.
  • VeChain and Aave are both facing bearishness as they have shed 4.30% and 8.59%.

The global crypto market hasn’t been able to retain its gains as the losses continue. The increase in bearishness has affected Bitcoin, Binance Coin, and others. The change in pace has continued in the negative direction affecting its overall performance. It was bullish for the last few days, but the recent wave has affected it. It is yet to be seen how long the losses will continue.  

SandStorm, the largest metaverse builder community, has launched build proposals for brands. Investors and customers anticipated its ‘proposal and bid’ platform for a while. The mentioned metaverse building platform will connect brands and builders. These builders are from some top-notch names like The Sandbox, Decenterland, etc. These builders will allow brands to deploy assets and experiences on demand.

As the approach towards the proposal and bid is decentralized, it will provide the best quality services for the customers. Like work-finder websites such as Upwork and HomeAdvisor, SandStorm has become a hub for experts to find work. It also provides an innovative solution to brands like Panera, Walmart, McDonalds, etc., to enter and utilize the metaverse.  

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

BTC loses pace

Bitcoin has seen a pause in gains as the global market has cooled. The recent bullish wave had taken it higher, but it seems it will lower in the coming days. It had added almost $4,000 in the recent few days, but it doesn’t seem to retain the gains. It will affect the overall market as well.

BTCUSD 2022 08 01 18 16 27
Source: TradingView

The latest data shows that Bitcoin has seen a further decline in value. The data for the last 24 hours shows a loss of 3.05% over the last 24 hours. In comparison, the weekly performance shows an addition of 5.21%.

The price value for Bitcoin is in the $23,058.25 range. The market cap value for Bitcoin is estimated to be $441,632,671,456. The 24-hour trading volume of Bitcoin is about $24,122,244,974.

BNB lowering further

KYC is one of the most challenging policies that threaten Binance like other cryptocurrency exchanges. According to the available estimates, it has a chance to lose almost 90% of its clients if it implements KYC. The reason is that most customers don’t want to reveal their identity while using DeFi. It will have lasting impacts on the global crypto market.

BNBUSDT 2022 08 01 18 17 03
Source: TradingView

Binance Coin has also seen a decline in value as it has shed 2.83%. The weekly performance shows consolidation as it has added 11.19%. It needs to retain gains to maintain value.

The price value for BNB is in the $283.90 range. If we compare the market cap value, it is estimated to be $45,886,564,267. The 24-hour trading volume of this coin is about $1,336,512,883.

VET sees speedy losses

VeChain has also seen a decline in value as the market has kept fluctuating. The latest data shows a loss of 4.30% over the last 24 hours. The weekly performance shows an addition of 10.40%. The price value for this coin is in the $0.02689 range.

VETUSDT 2022 08 01 18 17 32
Source: TradingView

The market cap value for VET is estimated to be $1,964,559,357. The 24-hour trading volume of this coin is about $122,853,977. The same amount in its native currency is about 4,534,494,043 VET.  

AAVE on decline

Aave has also experienced a lag in pace as the losses continue. The latest data shows a loss of 8.59% over the last 24 hours. The weekly performance shows an addition of 12.95%. The fluctuations have brought its price value to the $96.32 range.

AAVEUSDT 2022 08 01 18 19 14
Source: TradingView

The market cap value for AAVE is estimated to be $1,345,719,585. The 24-hour trading volume of this coin is about $338,435,946. The circulating supply of this coin is about 13,971,813 AAVE.   

Final Thoughts

The global crypto market has experienced fluctuations as the funds’ inflow has kept changing. The impacts on the overall market are evident as there has been a decrease in its value. The value of Bitcoin, Binance Coin, etc., is one decline due to these fluctuations. The global market cap value has also suffered. It is currently estimated to be $1.07 trillion. 

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
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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