The global crypto market has continued to grow in value, maintaining its positive momentum. Recent changes for Bitcoin, Ethereum and others indicate that the bullish pattern remains unchanged. There has been a drop in value for some coins, but the overall trend shows satisfactory results. The market has been struggling with the upward trend of losses, but the constant changes have given it a reprieve. If the current situation continues, the market is likely to grow further.
Tech giants have entered the crypto space, and a good comparison can be made between Facebook and Amazon. Facebook and Amazon have used disruptive technology to expand their businesses. Their advancements have made it possible for them to be recognized in families around the world. Unlike Facebook, Amazon seems reluctant to incorporate emerging crypto technologies.
Amazon has recently embraced digital ledger technology in an effort to modernize its business. The new change helps track and verify packages during delivery. Amazon Web Services is another name that has been made available to use blockchain cloud technology. Facebook (recently renamed Meta) is another name that has quickly embraced blockchain technology. Some of its leading blockchain projects include Libra/Diem Project, Meta Project, etc.
Here is a brief overview of the current market situation, analysis of the performance of Bitcoin, Ethereum and others.
Bitcoin is trading above 19.5 thousand dollars
New York-based firm NYDIG has promoted two executives as bitcoin stocks hit record highs. As the company’s revenues increased significantly, the company promoted two executives. Recent changes in the overall market have brought benefits to investors and companies.
As the market continues to rise, the value of Bitcoin has changed slightly. The latest data shows that it has increased by 1.74% in the past day. In comparison, weekly data shows a 0.99% decline for Bitcoin.
BTC price value is currently in the range of $19531.65. Bitcoin market cap is estimated at $374,328,042,534. The 24-hour trading volume of this coin is about $29,691,894,755.
ETH stays green
Ethereum has seen stiff competition from Solana due to the increase in NFT sales. With the doubling of Solana’s sales, monthly NFT sales exceeded $947 million. Solana’s sales volume has increased by 82% since January.
The performance of Ethereum has also shown a positive trend. The latest data shows that it has increased by 1.86% in the past day. The seven-day data shows a decrease of 3.42%.
The price of Ethereum remains in the range of $1321.18. The market value of this coin is estimated at $162,031,646,209. The 24-hour trading volume of this coin is about $9,626,479,301.
AXS is evolving
The value of Axie Infinity has increased as a result of its continuous development. The latest data shows that it has increased by 3.30% in the past day. Weekly data showed a drop of 0.26 percent. As a result of these changes, the price value of AXS has changed to the range of $12.70.
The market value of Axie Infinity is estimated at $1,052,926,490. The 24-hour trading volume of this coin is about 42371399 dollars. The same amount in its native currency is about 3342310 AXS.
OKB at a loss
The value of OKB has continued its downward trend due to the negative trend. The latest data shows that it has fallen by 1.20% in the last 24 hours. Seven-day data shows a decline of 0.45 percent. These changes have led to a decrease in the value of OKB’s price to about $15.48.
The market value of OKB is estimated at $928,341,709. The 24-hour trading volume of this coin is about $1,887,1589. The circulating supply of this coin is about 6,000,000 Okibytes.
Final thoughts
The performance of the global crypto market has continued its positive trend. Recent changes in the value of Bitcoin, Ethereum and others indicate an increase in value. As growth continues, the market has seen overall growth. The global market value has also increased slightly. The latest data shows an estimated $941.17 billion.