Bitcoin, Binance Coin, Terra Classic and Elrond Daily Price Analysis – October 23 Morning Prediction

The global crypto market has seen a negative trend as it could not retain gains. The ongoing changes have put the market in a difficult situation as it has once again become regressive. The value of Bitcoin, Binance Coin and others have continued to decrease due to increasing pressure. As the market capitalization continues to decline, there has been increasing pressure on investors. The value of the market will probably fall further if the current situation persists.

Cardano’s founder has said that there is something special coming in November. Charles Hoskinson has teased the Cardano community with a new announcement today. He has not given any details about the news he shared. He attached a GIF with Good news everyone from Professor Farnsworth’s 1999 animated show. The meme is used by anyone who has good news to share. Cardano recently released the Vasil Update in September.

The delay in the Vasil update had been a concern for members of the Cardano community. The ADA token, which had seen a significant increase until the upgrade, has not been able to make a significant impact since then. During a recent chat with a YouTuber, Hoskinson said that the Cardano network was in “wait-and-see” mode following the release of the Vasil hard fork.

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

BTC is going recessive

Kazakhstan is among the top three Bitcoin mining destinations after the US and China. The top three countries contributing to the hashrate of Bitcoin have continued to eat away at the share of other players, which includes Malaysia. The change in politics and other reasons have contributed to the strength of these countries.

The performance of Bitcoin has shown a negative trend in recent hours. The latest data shows that it has declined 0.15% in the last 24 hours. The weekly data shows that it has increased by 0.16%.

The fluctuations in the influx have resulted in the price value of BTC in the range of $19,172.10. The market value of Bitcoin is estimated to be $367,668,310,193. The 24-hour trading volume for Bitcoin is around $15,713,073,198.

BNB remains bearish

Binance stablecoin has reached its all-time high in market share as supply tops $20 billion. The Binance stablecoin has seen a significant change in value due to increased investor confidence. The value of stablecoins had seen a significant decline after the collapse of Terra.

The performance of Binance Coin has also shown a negative trend. The latest data shows that it has decreased by 0.10% in the last 24 hours. The weekly data shows that it has declined by 0.11%.

The price value for BNB is currently in the area of ​​$269.94. The market value of this coin is estimated at $43,155,662,237. The 24-hour trading volume for this coin is approximately $385,008,207.

LUNC regressive

Recent changes for Terra Classic have not been favorable as it has dropped in value. The latest data shows that it has decreased by 2.77% in the last 24 hours. The weekly performance of this coin shows a loss of 13.82%. The price value of LUNC is currently in the range of $0.000228.

The market cap of Terra Classic is estimated at $1,502,184,450. The 24-hour trading volume for this coin is around $140,413,562. The same amount in its original currency is approximately 6,589,688,537,260 LUNC.

EGLD remains bullish

The performance of Elrond has been different from other coins on the market. The latest data shows that it has increased by 0.86% in the last 24 hours. The weekly data shows that it has decreased by 1.15%. As the market turned bullish, the price value for EGLD reached the $55.64 area.

The market cap of Elrond is estimated at $1,309,968,015. The 24 hour trading volume for this coin is approximately $30,414,628. The circulating supply of this coin is approximately 23,593,852 EGLD.

Final thoughts

The global crypto market has seen a negative trend due to a lower capital inflow. The performance of Bitcoin, Binance Coin and others showed regression. As there has been a negative trend in the market, the global market value has also decreased. The latest data shows that it is estimated at 920.11 billion dollars.