The global crypto market has continued to grow in value as it has retained its positive momentum. The recent changes for Bitcoin, Ethereum, and others show that the bullish pattern has remained unchanged. There has been a decline in value for some coins, but the overall trend shows satisfactory results. The market has struggled with the increased trend of losses, but the ongoing changes have given it a respite. If the current situation persists, the market is likely to grow further.
Giant tech companies have forayed into the crypto space, and a good comparison between Facebook and Amazon can be made. Facebook and Amazon have utilized revolutionizing technology to expand their business. Their developments have made it possible to make them known in households across the globe. Unlike Facebook, Amazon has seemed reluctant to incorporate emerging crypto technologies.
Amazon recently adopted digital ledger technology in an attempt to modernize its business. The new change will help in tracking and verification of parcels during delivery. Amazon Web Service is another name that was made available to utilize blockchain cloud technology. Facebook (recently renamed Meta) is another name that has speedily adopted blockchain tech. Some of its leading blockchain projects include The Libra/Diem project, The Meta Project, etc.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Ethereum, and others.
BTC trading above $19.5K
New York-based firm NYDIG has promoted two executives as Bitcoin balances hit an all-time high. The company promoted two executives as the company’s revenues increased considerably. The recent changes in the overall market have brought gains to investors and companies.
The value of Bitcoin has seen slight changes as the market remains bullish. The latest data shows that it has added 1.74% over the last day. In comparison, the weekly data shows a loss of 0.99% for Bitcoin.
The price value for BTC is currently in the $19,531.65 range. The market cap value for Bitcoin is estimated to be $374,328,042,534. The 24-hour trading volume of this coin is about $29,691,894,755.
ETH stays green
Ethereum has seen tough competition from Solana due to its increased NFT sales. The NFT monthly sales have topped $947 million as Solana sales doubled. The sales volume for Solana has increased 82% since January.
The performance of Ethereum has also shown a positive trend. The latest data shows that it has added 1.86% over the last day. The seven-day data shows that it has shed 3.42%.
The price value for ETH has remained in the $1,321.18 range. The market cap value for this coin is estimated to be $162,031,646,209. The 24-hour trading volume of this coin is about $9,626,479,301.
AXS progressing
The value of Axie Infinity has enhanced as a result of its continuing progress. The latest data shows it added 3.30% over the last day. The weekly data shows that it has receded by 0.26%. As a result of these changes, the price value for AXS has changed to the $12.70 range.
The market cap value for Axie Infinity is estimated to be $1,052,926,490. The 24-hour trading volume of this coin is about $42,371,399. The same amount in its native currency is about 3,342,310 AXS.
OKB in losses
The value of OKB has continued to decline due to the negative trend. The latest data shows that it has lowered 1.20% over the last 24 hours. The seven-day data shows that it has shed 0.45%. These changes have resulted in the reduction of the price value of OKB to about $15.48.
The market cap value for OKB is estimated to be $928,341,709. The 24-hour trading volume of this coin is about $18,871,589. The circulating supply of this coin is about 60,000,000 OKB.
Final Thoughts
The performance of the global crypto market has continued to show a positive trend. The recent changes in the value of Bitcoin, Ethereum, and others show enhancement in value. As gains have continued, the market has seen overall growth. The global market cap value has also enhanced slightly. The latest data shows that it is estimated to be $941.17 billion.
