- Bitcoin falls backs to $57,000, keeping people glued to their seats.
- Altcoins like ETH, BNB, USDT, Sol, etc., drop back after gains.
- Today’s top gainers include Elrond (EGLD) and Voyager Token (VGX).
The cryptocurrency market is vast, with a great many tokens available as investment options. Bitcoin and Ethereum are the top big shots, but no one even knew their names once upon a time. These cryptocurrencies and more like them, started from the bottom, scaling higher paths, thanks to the sheer vastness of investors all over the crypto world.
Now, they’re a sensation on the market, highly sought by many. While our top 10 tokens may be worthy, they can zoom to the top of the crypto world before you know it. It’s crucial to analyze their values and forecast their value prices. A big mistake among investors is not setting their sights outside of the box, shut in by BTC and ETH.
Bitcoin’s chances to upturn $60k slim?
Most people uninvolved with cryptocurrency might have heard of Bitcoin despite their lack of knowledge about them. The influence of BTC is spread vastly throughout the world, making it difficult to ignore.
Bitcoin seen as leading the market is a good thing, but the high expectations for Bitcoin are nerve-wracking. When there’s a price drop, people with higher expectations may find themselves losing faith in its absoluteness bit by bit. Bitcoin has to work extra hard to maintain its social standing.
For now, Bitcoin has fixed itself upon the $57,200 mark, neither going up nor down. Its 24-hour volume sits at $30.9 billion, and its market cap is at $1.08 trillion. Bitcoin needs to regain its strength bit by bit, as the crypto world rides on its shoulders with the passing of days.
Ethereum hovers on $4.1k; altcoins indecisive
Although Ethereum is the second leading token in the crypto world, we find that even it struggles to keep itself afloat. The good thing is that Ethereum won’t dare to drip below $4000 value, but it’s not striving to move past $4.5k either, which is a concerning sign for our leading altcoin.
Altcoins such as Binance Coin (BNB), Solana (SOL), Cardano (ADA), etc., are still striding up and down without setting a clear pattern, as if dependent on ETH as their leader. While ETH has its trading value at $4.2k, its trading volume is $16.7 billion, while its market cap rests at $495.09 billion. Other leading altcoins in the top ten have neither lost nor gained a lot, still sitting at their respective posts without leading encouragement from the crypto world as of yet.
EGLD and VGX are among today’s top gainers
Elrond (EGLD) seems to make its way up and up, recording a whopping 20.76% upsurge in value from $406 to $485 value. EGLD makes it clear that even if you don’t stand at the top, it does not mean you have only loss ahead of you. Things in the crypto world are very uncertain; nothing ever stays the same for entirely too long.
Aside from Elrond, we have Voyager Token (VGX) taking the second lead, gaining 17.94% within the last twenty-four hours, to about $4.63 market value.
Invest on vigilance, education, to guard freedom
Remain vigilant while dabbling in cryptocurrency, as your hard-earned money may be at stake should you make the wrong move. It’s good to explore your options, make sure you have grasped the concept of cryptocurrency well in your hands, and set your sights for something worth your while.
The last thing anyone wants is to lose money; often, people may even diddle with cryptocurrency to quench their gambling habit. It would help if you always kept your sights clear and your ears open for new news; what was in yesterday may be old-fashioned tomorrow, the token you scoffed at last week may be gaining hundreds of dollars’ value this week. Exercising constant vigilance is the key to success in the crypto world. Plus, being a conduit for neutral education is essential to avoid many innocent people getting hacked or scammed.
Making it mandatory for businesses to accept a specific cryptocurrency is contrary to the ideals of freedom that are supposed to be so important to the crypto space.Vitalik Buterin, Ethereum Co-Founder