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  • Daily Price Analysis of Bitcoin, Binance Coin, Litecoin and FTX Token – October 21 Morning Forecast

Daily Price Analysis of Bitcoin, Binance Coin, Litecoin and FTX Token – October 21 Morning Forecast

 تاریخ انتشار :
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  Bitcoin

The global crypto market has seen a negative trend as it has not been able to recoup its losses. The current state of Bitcoin has pushed Binance Coin and others to further losses. As the market situation worsened, there was no hope for investors. They have continued to face losses and reduce the value of their investments. Some investors have opted to sell, while others are weighing their options. Instability in the market has led to a decrease in its value in recent months.

OpenSea has announced that it has revised its NFT rarity rating protocol following community feedback. While these changes have been made, some community members have argued that the new rare protocol destroys the market-driven rare structure. As the Nadir protocol has been revised, collectors may seek assistance in deciding whether to purchase NFTs.

Since the new OpenRarity protocol is implemented, users see the rank instead of the rarity, thus influencing the user’s decision. NFT Market has made some modifications to the protocol after receiving feedback from users, but there is still much to improve. The new lists show “Rarity Rank” instead of rank and add the number of traits. The change will take effect on October 25 across all chains.

Here is a short overview of the current state of the market, analyzing the performance of Bitcoin, Binance Coin and others.

Bitcoin drops to $18.8k

A former congressional candidate ditched Bitcoin for XRP and LUNC. David Gokhstein announced on Friday that he prefers to buy XPR and LUNC instead of Bitcoin. The recent bearish swings for Bitcoin have caused many investors to flee.

BTCUSD 2022 10 21 18 00 13
Source: TradingView

Recent changes for Bitcoin indicate a continuation of the negative trend. The latest data shows that it fell by 1.72% in the previous day. Bitcoin’s weekly data shows a drop of 4.52%.

Bitcoin price value is currently in the range of $18,842.09 and is likely to fall. Bitcoin market cap is estimated at $361,493,215,270. Bitcoin’s 24-hour trading volume is about $28,233,672,642.

BNB in ​​loss

Binance has denied using customers’ UNI for its Uniswap vote. Binance recently activated a voting function using customers’ UNI tokens. This Binance UNI board was Uniswap’s second largest voter. But Binance’s denial of its use has made it clear that it will not be used to influence community decisions.

BNBUSDT 2022 10 21 18 00 37
Source: TradingView

The performance of Binance Coin has also shown a downward trend. The latest data shows that it fell by 1.70% in the previous day. Weekly data shows a 2.61% decline.

The result of negative changes in BNB price value is regression, as it is currently in the range of $267.59. The market value of this coin is estimated at 42,809,153,239 dollars. The 24-hour trading volume of this coin is about $581,216,463.

LTC continues to retreat

The value of Litecoin has also decreased due to the negative trend. The latest data shows that it has fallen by 2.51% in the last 24 hours. Weekly data showed a 3.96 percent decline. The price of LTC has dropped to the $50.25 range.

LTCUSDT 2022 10 21 18 01 05
Source: TradingView

The Litecoin market cap is estimated at $3,590,277,662. The 24-hour trading volume of this coin is about $352,595,594. The same amount in its native currency is about 7,015,444 LTC.

FTT is decreasing

Due to the negative trend, there is no positive change for FTX token. The latest data shows that it fell by 2.26% in the previous day. Weekly data showed a drop of 8.30%. FTT price value is currently in the range of $22.10.

FTTUSTD 2022 10 21 18 04 08
Source: TradingView

The FTX token has an estimated market capitalization of $2,951,148,824. The 24-hour trading volume of this coin is about $39,339,837. The circulating supply of this coin is about 133,373,303 FTT.

Final thoughts

The global crypto market has seen negative changes in performance. Constant changes have affected Bitcoin, Binance Coin and others. The market is likely to continue with losses as the global scene continues unchanged. The global market value has also been affected by these negative changes. The latest data shows that it is estimated to be 903.12 billion dollars.