The performance of the global crypto market has shown promise as the gains increased gradually. It has been a great relief after the shaking losses for Bitcoin and others, which affected the market for a while, causing a significant change in value. The problem with the current gains is the slower ones compared to the previous ones. It has worried the investors looking for a speedy rise in the market after the recent bearish wave.
Though crypto has been facing a prolonged winter, the influx of funds to the market has continued. Coinlist announced summer seed projects for various crypto companies. These fundraising campaigns are for their upcoming projects. According to available details, these seed projects were carried out for EyesFi, Cryptoys, and SithSwap. The fundraising campaigns for the three companies have been completed.
The investments are a beacon of hope if the current situation is analyzed. It shows investors still trust it, even though it has faced difficulties of various sorts. Also, the current wave of investments will determine whether the market will take flight or go further low.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Binance Coin, and other altcoins.
BTC stuck at $21K
Even though Bitcoin has continued to rise in value, Chinese state media criticized it. According to a Chinese state-run paper, The Economic Daily has warned the investors that Bitcoin will be zero. It has justified the state’s ban on Bitcoin and other cryptocurrencies through the slipshod behavior of the market.
The latest data for Bitcoin shows that it has added 1.04% over the last 24 hours. In comparison, the weekly gains for Bitcoin have risen to 10.18%. The rising tendency has helped Bitcoin enhance its price value.
The current price value for Bitcoin is in the $21,405.55 range. If we look at the market cap value for Bitcoin, it is estimated to be $408,345,947,956. The 24-hour trading volume of Bitcoin is about $23,883,984,782.
BNB rising high
According to Binance’s CEO, they have received various offers for deals from different organizations. According to the latest updates, Binance has finalized a deal with football star Christiano Ronaldo about NFTs.
The latest data for BNB shows that it has added 1.16% over the last day. The previous seven days proved even better as it has added 16.77%. The uptrend has attracted new investments in this coin.
The price value for BNB is in the $238.83 range. If we compare the market cap value for this coin, it is estimated to be $38,996,131,629. The 24-hour trading volume of this coin is about $1,060,420,180.
NEXO moving at a slow pace
Nexo has continued to move forward as the gains continue. The latest data for this coin shows that it has added 0.44% over the last 24 hours. The pace of gains has slowed, showing the lowered influx of capital. In comparison, the weekly performance shows an addition of 18.59%. The price value for this coin is in the $0.706 range.
The market cap value for this coin is estimated to be $395,386,420. The 24-hour trading volume of this coin is about $8,046,480. The same amount in its native currency is about 11,395,102 NEXO.
XEM steady in gains
NEM has also been added with a faster speed. The latest data shows that it has added 3.16% over the last day. The gains for the last seven days are about 13.51%. The increased gains pace has helped it raise its price value to $0.04353.
The market cap value for this coin is estimated to be $391,758,993. The 24-hour trading volume of XEM remained at $15,063,570. The circulating supply of it is about 8,999,999,999 XEM.
Final Thoughts
The global crypto market has continued to enhance its value. The changes for Bitcoin and other coins remained positive, while the market’s overall performance was satisfactory. It has continued to maintain the momentum so far and might continue it onwards. The global market cap value has also increased as it is estimated to be $961.96 billion, though it hasn’t yet crossed the $1 trillion milestone.
