There has been a significant change in the global crypto market. The recent data shows that the performance of Bitcoin, Binance Coin, and others has enhanced. As the value of losses lowered, the overall market performance enhanced. As the market is on its way to gains, it is likely to retest the resistance levels for various coins. The previous bullish wave couldn’t bring significant change to their value. There are hopes that the market will bring gains to investors on a long-term basis.
According to market analysts, crypto can see a win if the companies kill worthless projects. There is a simple fact; if crypto companies show something that isn’t possible on the ordinary internet, big investors will easily get on board. Also, there is a need for the education of investors who think about short-term gains instead of considering long-term objectives.
Blockchain technology aims to bring Web3 as the mainstream internet, but it will take time. There have been various setbacks to the market as it faces various problems, but it has a bright future. The Crypto industry has a PR problem, and it is itself to blame for this issue. The industry has made big promises since 2008 but hasn’t been able to deliver as promised.
Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Binance Coin, and others.
BTC reviving value
El Salvador’s president has continued to support Bitcoin despite the hard times. He took aim at Bitcoin detractors, this time saying that the ones who are afraid of Bitcoin are the world elites. His BTC-friendly policies have affected the country’s economy.
The recent changes for Bitcoin show enhancement in its value. The latest data shows that it has added 0.05% over the last 24 hours. The seven-day data for Bitcoin shows an addition of 1.79%.
The price value for BTC is currently in the $19,515.58 range. The market cap value for Bitcoin is estimated to be $373,998,906,564. The 24-hour trading volume of Bitcoin is about $16,523,208,185.
BNB still in losses
Binance seeks to boost Web3 adoption in the MENA region following the massive response. The crypto giant claims that it saw an increase of 49% in user sign-ups across the Middle East and North Africa region. The trend of sign-ups for Binance has been encouraging so far.
The performance of Binance Coin also shows a reduction in losses. The latest data shows that it has shed 0.92%. As the losses lowered, its weekly performance showed a recession of 1.43%.
The price value for BNB is currently in the $278.16 range. The market cap value for this coin is estimated to be $44,850,353,561. The 24-hour trading volume of this coin is about $619,400,252.
AAVE bullish
The performance of Aave also shows a bullish trend. The latest data shows it added 0.22% over the last day. The weekly data shows that it has added 3.19%. The result of these gains is an enhancement of price value currently in the $75.67 range.
The market cap value for Aave is estimated to be $1,131,512,489. The 24-hour trading volume of this coin is about $64,373,251. The same amount in its native currency is about 851,120 AAVE.
THETA closer to bullishness
The value of Theta Token has also improved as a result of the influx of capital. The latest data shows that it has reduced losses to 0.07%. The seven-day data shows that it has added 1.85%. The price value for THETA is currently in the $1.06 range.
The market cap value for Theta Token is estimated to be $1,060,169,080. The 24-hour trading volume of this coin is about $10,241,904. The circulating supply of this coin is about 1,000,000,000 THETA.
Final Thoughts
The global crypto market has seen a change in performance after facing bearishness for a while. The negative trend continued for a couple of days, and now signs of a bullish trend are visible. The recent changes show that Bitcoin, Binance Coin, and others have increased gains. The global market cap value has also enhanced. The recent data shows that it is estimated to be $944.43 billion.