Bitcoin, Ethereum, Synthetix and eCash Daily Price Analysis – October 26 Roundup
The global crypto market has continued to be bullish following the recent surge. The ongoing changes for Bitcoin, Ethereum and others show that bullishness is likely to continue. As the positive changes have strengthened various coins in the market, one sees an influx of capital. As the calculations show a positive trend, investors’ hopes have been boosted. They continued to face a decline in their capital due to the negative trend. The market needs a continuation of gains to ensure a steady rise in value.
Ripple will visit London for the Swell conference in November. Ripple’s annual flagship conference will take place in London on November 16 and 17. While recently Ripple was in Vegas for the Money 20/20 USA Conference. The conference began on 23 October and continued until 26 October. James Wallis, the president of CBDCs at Ripple, presented in a session titled Money reimagined in the age of CBDCs.
The San Francisco-based company just celebrated its anniversary last Thursday. XRP is the seventh largest cryptocurrency asset in the world. After gaining a market foothold, Ripple began organizing the Swell Conference in 2017. The core concept of the conference is the congregation of the interaction between key players in the crypto market and the blockchain industry.
Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Ethereum and others.
BTC fluctuates
Bitcoin is likely to cross $22K as the bulls are likely to cross the current resistance levels. The bulls had grown weary of BTC’s stable price, but investors want the recovery to happen before October is over. There is a small chance of Uptober for Bitcoin as there are few days left in it.
The latest changes for Bitcoin show the continuation of the advance. The latest data shows that it has increased by 2.80% in the last 24 hours. The weekly data for Bitcoin shows an addition of 8.94%.
The price value for BTC is currently in the area of $20.77.42. The market value of Bitcoin is estimated to be $398,828,937,103. The 24 hour trading volume for this coin is approximately $58,224,756,631.
ETH is slowing down
Ethereum has continued to find new applications as it continues to grow. According to new studies, it can be used in cancer research. On the other hand, growth continues as investors remain positive on it.
The performance of Ethereum has also shown a bullish trend. The latest data shows that it increased by 5.30% in the last day. The weekly data shows that it has increased by 22.14%.
The price value for ETH is currently in the area of $1,564.11. The market value of this coin is estimated at $191,648,926,224. The 24-hour trading volume for this coin is approximately $31,575,351,846.
SNX in profit
The value of Synthetix has also grown significantly as a result of the recent bullish trend. The latest data shows that it has increased by 1.34% in the last 24 hours. The weekly data shows that it has increased by 6.80%. The bullish march has brought the SNX price value to the $2.43 range.
The market value of Synthetic is estimated at $740,771,074. The 24-hour trading volume for this coin is approximately $70,782,241. The same amount in its original currency is approximately 28,933,216 SNX.
XEC continues to rise
The value of eCash has witnessed a significant boost due to the recent bullish wave. The latest data shows that it has increased by 1.34% in the last 24 hours. The weekly performance shows that it has increased by 6.80%. The price value for XEC is currently in the range of $0.00003847.
The market cap of eCash is estimated at $738,537,323. The 24-hour trading volume for this coin is approximately $9,612,252. The circulating supply of this coin is approximately 19,208,742,173,303 XEC.
Final thoughts
The performance of the global crypto market has continued to see an upswing as a result of the bullish trend. The latest data for Bitcoin, Ethereum and others have shown optimistic results. As the value of the market has grown, the inflow of capital increases. The global market value also rose. The latest data shows that it is estimated at 1.00 trillion dollars.
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