The global crypto market has been able to retain gains as it showed positive signs. The value of Bitcoin, Binance Coin, and others shows stability as they attracted gains. The influx of capital has helped the market revive value as the inflows continue. The market had faced a bearish trend over the last few days, but the recent changes have proved encouraging for investors. If the current trend continues, the market is likely to regain momentum.
Cosmos-based DeFi protocol Onomy has raised $10 million. The company was able to raise $10 million from Bitfinex, GSR, Ava Labs, and others. The aim of the project is to converge DeFi and forex markets through its product including a DEX and wallet. The private token funding round took place in order to finance the project. The statement from the company added that there was no lead investor in the round.
The funding was secured via a simple agreement of future tokens (SAFT). Onomy has been under development since 2020 and the head of the project was questioned about late funding. Lalo Bazzi responded to this question that they were working on raising capital over the last two years. The company is finally closing the round because the required funds have been raised.
Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Binance Coin, and others.
BTC continues bullish
El Salvador’s Nayeb Bukele isn’t giving up on Bitcoin as he has announced some new plans. El Salvador’s minister of the economy announced that they will soon launch Bitcoin bonds for interested investors. The bill was presented to the legislative assembly and the country will soon be able to attract investments in Bitcoin bonds.
The recent changes for Bitcoin show that it has continued to grow in value. The latest data shows that it has added 4.85% over the last 24 hours. The weekly performance of Bitcoin shows a loss of 0.47%.
The price value of BTC is currently in the $16,540.02 range. The market cap value of Bitcoin is estimated to be $317,817,146,774. The 24-hour trading volume of Bitcoin is about $33,572,639,729.
BNB on a steep rise
Binance CEO has remained bullish on the crypto market. CZ has claimed that a strong recovery is expected for the market. He admitted on Wednesday that the FTX collapse was a setback for the market, but it will ultimately recover.
The performance of Binance Coin has also shown a positive trend. The latest data shows that it has added 16.55% over the last 24 hours. The weekly performance of this coin shows that it has added 9.64%.
The price value of BNB is currently in the $298.05 range. The market cap value of this coin is estimated to be $47,679,550,788. The 24-hour trading volume of this coin is about $1,663,613,269.
XTZ in gains
The performance of Tezos has also seen an enhancement due to the bullish trend. The latest data shows that it has added 7.61% over the last 24 hours. The seven-day data shows that it has shed 0.74%. The price value of XTZ is currently in the $0.9929 range.
The market cap value of Tezos is estimated to be $910,613,268. The 24-hour trading volume of this coin is about $22,601,584. The same amount in its native currency is about 22,768,191 XTZ.
AAVE attracting gains
The value of Aave has also increased considerably as a result of the influx of capital. The latest data shows that it has added 9.77% over the last 24 hours. The weekly data shows that it has shed 0.86%. The price value of AAVE is currently in the $57.86 range.
The market cap value of Aave is estimated to be $815,545,394. The 24-hour trading volume of this coin is about $236,781,400. The circulating supply of the same coin is about $236,781,400.
Final Thoughts
The global crypto market has witnessed a positive change in performance. The recent data for Bitcoin, Binance Coin, and others show a significant rise in value. As the market continues to grow, there has been an increase in the influx of capital. The global market cap value has strengthened as it is currently estimated to be $828.16 billion.
