Bitcoin, Ethereum, NEO, and Stacks Daily Price Analyses – 10 May Morning Price Prediction

Bitcoin
TL;DR Breakdown

The global crypto market has continued in difficulty as its losses remained at 3.06% for the last 24 hours. The performance of Bitcoin improved at the moment, as the losses reduced to 3.91%. Ethereum has turned bullish, adding 0.06% in the last 24 hours. NEO and Stacks are bearish, shedding 2.64% and 2.64%, respectively.

The global crypto market remains in losses, though the changes over the last 24 hours have increased its value. The changes in the overall market’s performance can be seen through the improvement in Bitcoin value. Ethereum has been much better as its value of gains has entered a bullish phase. The upcoming day might help it overcome the oncoming challenges. If the bullish wave dominates, it will help with the market’s recovery. Though there are no high hopes because the indicator shows little chance of a revival, investors are hopeful about the market.

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

BTC sees slight improvement

Bitcoin has been going through hard times as the dips for it continue. As said earlier, some firms and states have preferred to buy Bitcoin dips. El Salvador was the first on the list that had done so, and now Tron’s founder has joined it. According to available information, he has purchased Bitcoin worth $15 million.

BTCUSD 2022 05 10 18 59 40
Source: TradingView

The latest data for Bitcoin shows that it has shed 3.91% over the last 24 hours. If we compare the performance of Bitcoin for the last seven days, it has shed 17.01%. The speedy increase in losses has brought it new dips, affecting the new investments.

The price value for Bitcoin has improved a bit compared to the other day, as it is about $31,784.95. If we compare the market cap value, it is estimated to be $602,829,791,403. In contrast, its 24-hour trading volume of it is about $82,311,949,315.

ETH optimistic

Ethereum has also improved as the market has seen slight changes. The rumors of the Bitcoin crash had also affected Ethereum as its value saw undisturbed depreciation. The recent 24 hours brought it respite as it went through a successful addition in value, though a very small amount.

ETHUSDT 2022 05 10 19 00 26
Source: TradingView

The latest data for Ethereum shows that it has added 0.06%. Comparing Ethereum’s performance for the last seven days has raised the losses to 14.44%. If its value continues to depreciate, it will have an impact in the long run.

The current price value for Ethereum is estimated to be $2,418.70. If we look at the market cap value for Ethereum, it has been reduced to $290,471,361,234. In comparison, the 24-hour trading volume for Ethereum is about $46,458,668,471.

NEO continues to depreciate

NEO has also depreciated following the dominant market trend. The changes have been discouraging for its value as it hasn’t seen any hope recently. The data for the last 24 hours shows that NEO has shed 2.64%. If we compare the weekly losses, it has shed 17.68%.

NEOUSDT 2022 05 10 19 01 18
Source: TradingView

The price value for NEO has decreased to $14.71. If we compare the graph points for losses, there has been an enhancement recently. It might need a strong bullish current for revival. The market cap value for it is estimated to be $1,030,788,814. The 24-hour trading volume for this coin remained at $178,132,424.

STX stabilizes momentarily

Stacks has also been through losses though it has regained momentum recently. The changes in its value show that it has shed 2.64% over the last 24 hours. The seven-day data shows that its losses have soared to 24.62%. The price value has continued to see dips as the losses increased, thus bringing it to $0.7091 as per the latest updates.

STXUSDT 2022 05 10 19 01 47
Source: TradingView

The market cap value for Stacks is estimated to be $923,649,011. In comparison, its 24-hour trading volume of it is about $969,198,270. The circulating supply for Stacks remained at 1,312,927,485 STX.

Final Thoughts

The global crypto market has begun to move towards improvement. The slight gains over the last 24 hours tell of the upcoming bullish trend, which might last. The recent patterns show that the bullish changes haven’t lasted long, and there is little hope for this one. The global market cap value has improved to $1.47T from the recent lows. The improvements in the market need to be lasting to impact the performance.

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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