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Bitcoin, Ethereum, Synthetix, and eCash Daily Price Analyses – 26 October Roundup

Bitcoin

The global crypto market has continued to be bullish after the recent boost. The ongoing changes for Bitcoin, Ethereum, and others show that the bullishness is likely to continue. As the positive changes have strengthened various coins in the market, an influx of capital is seen. As the metrics show a positive trend, investors’ hopes have seen a boost. They continued to face a decline in their capital due to the negative trend. The market needs a continuation of gains to ensure a steady rise in value.

Ripple is set to visit London for the Swell Conference in November. The annual flagship conference of Ripple is to take place in London on 16 and 17 November. While recently, Ripple was in Vegas for Money 20/20 USA Conference. The conference began on 23 October and continued till 26 October. James Wallis, the president of CBDCs in Ripple, presented at a session titled Money Reimagined in the Age of CBDCs.

The San Francisco-based company just celebrated its anniversary last Thursday. XRP is the seventh largest cryptocurrency asset in the world. After gaining market traction, Ripple started organizing Swell Conference in 2017. The core concept of the conference is the congregation of the interaction of key players in the crypto market and blockchain industry.  

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

BTC fluctuating

Bitcoin is likely to cross $22K the as the bulls are likely to cross the current resistance levels. The bulls had gone bored of BTC’s stable price, but investors want the rise to happen before October ends. There is a slight chance of Uptober for Bitcoin as there are few days left in it.

BTCUSD 2022 10 27 07 31 54
Source: TradingView

The recent changes for Bitcoin show the continuation of the forward march. The latest data shows that it has added 2.80% over the last day. The weekly data for Bitcoin shows an addition of 8.94%.

The price value for BTC is currently in the $20,77.42 range. The market cap value for Bitcoin is estimated to be $398,828,937,103. The 24-hour trading volume of this coin is about $58,224,756,631.

ETH slows down

Ethereum has continued to find new applications as it continues to grow. According to new studies, it can be used in Cancer research. On the other hand, its growth continues, as the investors remain bullish on it.

ETHUSDT 2022 10 27 07 32 14
Source: TradingView

The performance of Ethereum has also shown a bullish trend. The latest data shows it added 5.30% over the last day. The weekly data shows that it has added 22.14%.

The price value for ETH is currently in the $1,564.11 range. The market cap value for this coin is estimated to be $191,648,926,224. The 24-hour trading volume of this coin is about $31,575,351,846.

SNX in gains

The value of Synthetix has also grown considerably as a result of the recent bullish trend. The latest data shows that it has added 1.34% over the last day. The weekly data shows that it has added 6.80%. The bullish march has brought SNX price value to the $2.43 range.

SNXUSDT 2022 10 27 07 32 36
Source: TradingView

The market cap value for Synthetic is estimated to be $740,771,074. The 24-hour trading volume of this coin is about $70,782,241. The same amount in its native currency is about 28,933,216 SNX.  

XEC continues to rise

The value of eCash has witnessed a significant boost due to the recent bullish wave. The latest data shows that it has added 1.34% over the last 24 hours. The weekly performance shows that it has added 6.80%. The price value for XEC is currently in the $0.00003847 range.

XECUSDT 2022 10 27 07 34 13
Source: TradingView

The market cap value for eCash is estimated to be $738,537,323. The 24-hour trading volume of this coin is about $9,612,252. The circulating supply of this coin is about 19,208,742,173,303 XEC.

Final Thoughts

The performance of the global crypto market has continued to see rise as a result of the bullish trend. The latest data for Bitcoin, Ethereum, and others has shown optimistic results. As the value of the market has grown, the influx of capital increases. The global market cap value also saw a rise. The latest data shows that it is estimated to be $1.00 trillion. 

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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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