Bitcoin, Ethereum, Neo and Fantom Daily Price Analysis – September 16 Roundup
The global crypto market has witnessed a positive change after a sustained bearish period. The change came from an increased influx of capital into the market. The value of Bitcoin has shown improvement while the performance of Ethereum has continued to lag. As the mixed situation persists for some coins, it may take some time for the market to be dominantly bullish. The value of the market will increase if it is able to achieve a state of lasting bullishness.
The University of Sharjah has partnered with BSV Blockchain to create a blockchain-based metaverse. An agreement has been signed between the University of Sharjah and the BSV Blockchain Association to preserve the UAE’s culture and heritage. The preservation will take place in the form of NFTs. The two entities have launched a joint research and development program to move the UAE’s cultural identity into the metaverse.
The collaboration between the Swiss blockchain company and the Gulf nations will also open avenues for other countries. The University of Sharjah will claim ownership of digital assets and list them on the market. The relationship will also provide use cases for digital assets such as NFTs and metaverse. A university representative said it would be monumental for the history of Arab and Islamic heritage in the Middle East.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Ethereum and others.
BTC is turning bullish
Bitcoin’s open interest and funding rates have shown hope to investors. The bullish sentiment has improved after a sustained period of volatility. The investors faced a tough time due to many falls and recoveries, but there are hopes of its bullishness in the coming days.
The latest changes for Bitcoin show encouraging statistics. The latest data shows that it has increased by 1.27% in the last 24 hours. In comparison, the weekly data shows that Bitcoin has fallen 5.98%.
The price value of Bitcoin is currently in the range of $20,008.55. The market value of Bitcoin is estimated to be $383,466,967,036. The 24 hour trading volume of BTC is approximately $30,535,451,225.
ETH still bearish
Ethereum’s milestone merger event did not lessen the problems. The price of Ethereum has continued to decline despite user expectations. Analysts have suggested that Ethereum could risk a 55% drop against Bitcoin. If this happens, the market for Ethereum will suffer significantly.
The performance of Ethereum has continued to show a sagging trend. The latest changes for this coin show a loss of 2.04% in the last 24 hours. In comparison, the losses for the last seven days are approximately 16.22%.
The price value for ETH is currently in the area of $1,443.67. The market value of this coin is estimated to be $44,764,834,349. The 24-hour trading volume for this coin is approximately $786,050,406.
NEO continues recessive
The performance of Neo has also shown a declining trend, like Ethereum. The latest changes suggest that it has gone down 1.03% in the last 24 hours. In comparison, weekly data shows a loss of 12.13%. The price value for NEO is currently in the $9.08 range.
The market value of Neo is estimated to be $640,513,674. The 24-hour trading volume for this coin is around $48,151,244. The same amount in its original currency is approximately 5,302,826 NEO.
FTM in profit
The performance of Fantom has shown a positive trend as it made significant gains. The latest data shows that it has increased by 2.17% in the last 24 hours. The weekly data shows that there has been a loss of 12.13% for this coin. The price value for FTM is currently in the $0.2481 range.
The market value of Fantom is estimated at $631,411,487. The 24-hour trading volume for this coin is approximately $96,385,240. The circulating supply of this coin is approximately 2,545,006,273 FTM.
Final thoughts
The global crypto market has seen a positive change in value over the past 24 hours. The performance of Bitcoin saw significant improvement, while Ethereum is still lagging behind lows. The ongoing changes show that the market can overcome the obstacles. The global market value has also shown improvement. The latest data shows that it is estimated at 968.04 billion dollars.
