Bitcoin, Ethereum, EOS, and Maker Daily Price Analyses – 28 May Roundup
The global crypto market has changed direction as new gains have helped it secure its value. The changes in the market are encouraging as the previous bullish wave had taken it lower than the previous lows, crossing the $1.20T threshold level, causing an alarm. Though Bitcoin has remained in the previous range, other coins underwent tremendous changes as the bearish wave assailed many. The market has made multiple attempts to recover its previous value, but it hasn’t been able to do so.
The expansion of the concept of Web3 to various domains of life has led to the expansion of companies offering these services. FTX is one of these, which has continued to grow larger in bulk. According to its CEO, FTX has expansion plans and is ready to spend billions on acquisition deals. It will try to acquire companies and programs that it finds fit its plans.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Ethereum, and some others.
BTC stays strong
Scot Dunn, a luxury tour operator, is the new addition to companies that will accept Bitcoin for its services. Nuvei has announced a partnership with Scot Dunn, which will help it operate crypto-related services. Nuvei has previously announced support for more than 40 cryptocurrencies in March.
The performance of Bitcoin has stabilized a bit as it gained 0.69% in the last 24 hours. The performance of Bitcoin for the past week has begun to improve as it lowered its losses to 1.83%. The increasing tendency needs to continue for the well-being of investors.
The price value of Bitcoin has remained at $28,864.02. In comparison, the market cap value for Bitcoin is about $549,610,187,561. The 24-hour trading volume of Bitcoin is about $18,191,412,674.
ETH is trying to regain value
Ethereum’s trading levels are lowering because of the continuous slippage of the market. The change in Ethereum’s level has made prominent crypto hater Peter Schiff predict ETH’s fall to $1K. He has predicted the crash of Ethereum due to the lagging economic situation.
The performance of Ethereum has continued to show losses though it added 1.89% over the last 24 hours. In contrast, the last seven days show a loss of 10.41%, a staggering amount. The latter value shows that it has lowered to dangerous levels.
The price value for Ethereum is currently in the $1,767.20 range. If we compare the market cap value for ETH, it is estimated to be $213,614,220,094. The 24-hour trading volume of Ethereum is about $12,437,782,450.
EOS making up for losses
EOS has continued to lower value though making attempts to strengthen it. The recent data shows that it has added 1.15% in the last 24 hours. It didn’t perform well over the last seven days as its losses have reached 5.67%. The increasing tendency of losses has harmed its price value in the longer run.
The current price value for EOS is about $1.24 and might lower if it turns bearish. The market cap value for this coin is about $1,224,996,582. The 24-hour trading volume of this coin is about $237,783,998.
MKR speeds up its gains
Maker has also faced difficulties, but its current progress shows gains. The 24-hour data for it shows an addition of 4.39%. The market might improve further if the gains continue. The seven-day losses for this coin amount to 15.42%. The price value for this coin is in the $1,178.68 range.
If we look at the market cap value, it is estimated to be $1,154,968,040. The 24-hour trading volume of this coin is about $112,862,427. The circulating supply of this coin remained at 977,631 MKR.
The global crypto market has continued to attract new gains as there have been additions. The latest updates regarding the market tell of consolidating the market, but there is little chance that the changes will last longer. If the gains continue, then the market will be able to raise its value. The recent changes have helped raise the global market cap value to $1.20T. The market’s new steps might help it, but the current global economic situation might not support its positive movement.