Bitcoin, Ethereum, Terra Classic and Toncoin Daily Price Analysis – October 14 Roundup
The global crypto market has seen a decline in value despite the recent bullish trend. The ongoing changes have resulted in significant losses for the overall market. The value of Bitcoin, Ethereum and others have continued to decline due to the change in market sentiment to bearish. Since there have been some major swings, there is a likely chance that the market may attempt to regain value. There are hopes that the market will be able to win.
Fan tokens have gained increasing popularity among cryptocurrency investors. They have come as an offshoot of meme tokens that gained traction and continue to remain popular. Now fan tokens have started a trend of their own. Although 2022 is coming to an end, there is a significant increase in the value of these coins.
Football fan tokens have gained ground in the last year as some of the famous ones include Manchester City fan token and Santos FC token. Although they are still popular, there are some drawbacks and one of the main ones is the FIFA World Cup. Qatar is expected to attract around 5 billion users. But the question is whether interest in fan tokens will wane when this fever is over. And that’s the question that continues to haunt users.
Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Ethereum and others.
BTC again in loss
Analysts have said that Bitcoin needs to continue above $19,200 to dilute the pressure. There has been an increase in selling pressure due to the downtrend of Bitcoin. As a result of these changes, there has been a significant decrease in capital inflows.
The latest data for Bitcoin shows a continuation of the negative trend. The latest data shows that it has gone down 3.39% in the last 24 hours. The weekly data shows that Bitcoin has retreated by 2.20%.
The price value for BTC continues to fluctuate as it currently remains in the $19,164.84 area. The market value of Bitcoin is estimated at $367,431,907,479. The 24-hour trading volume for Bitcoin is approximately $35,329,965,926.
ETH is losing momentum
Ethereum wallet MetaMask has added instant bank-to-crypto transfers. The upgrade is a result of the growing demand for ease of use and scalability. The wallet is likely to get further upgrades in the coming months to cope with the market competition.
The performance of Ethereum has also shown a lag. The latest data shows that it has gone down 2.48% in the last 24 hours. The weekly performance of this coin shows a loss of 2.80%.
The negative changes have brought the price value to the $1,297.48 area. The market value of this coin is estimated to be $159,240,060,439. The 24-hour trading volume for this coin is approximately $11,866,549,501.
LUNC recessive
The value of Terra Classic has continued to see hard times. The latest data shows that it has fallen 4.20% in the last 24 hours. The weekly data shows that it has declined by 6.08%. The price value for LUNC is currently in the range of $0.0002727.
The market cap of Terra Classic is estimated at $1,675,559,142. The 24 hour trading volume for this coin is approximately $267,941,216. The same amount in its original currency is approximately 983,627,395,545 LUNC.
TONS of winnings
The growth of Toncoin has continued despite the bearish trend. The latest data shows that it has increased by 2.02% in the last 24 hours. The weekly data for this coin shows a loss of 8.95%. As it gained momentum again, the price value for TON is currently in the $1.25 range.
The market cap of Toncoin is estimated at $1,525,206,846. The 24 hour trading volume for this coin is approximately $6,351,679. The circulating supply of this coin is approximately 1,221,401,181 TONS.
Final thoughts
The global crypto market has seen a decline in value despite the recent bullish trend. The ongoing changes have affected Bitcoin, Ethereum and others. As these changes set in, the overall market’s value has continued to decline. The result of these changes is a decrease in the global market value. The latest data shows that it is estimated at 918.73 billion dollars.
