Bitcoin, Binance Coin, Cosmos, and Flow Daily Price Analyses – 5 August Morning Price Prediction

There has been an improvement in the performance of the global crypto market as an influx of capital has resumed. The recent change has brought it back from bearishness to bullishness. As the influx continues, Bitcoin has slowly changed its pace though it is yet bearish. In contrast, the following coins, like Binance Coin and others, have seen a speedy influx. The strength of the ongoing bullishness is to be seen if it is able to resist the negative pull.

Yeeha, a ByBit-backed game-fi platform, is set to launch soon. It will have 11 free-to-play blockchain games. These blockchain-based games will go live in September 2022. The mentioned platform raised $50 million to develop games. It has come to market to lower users’ barriers to entering blockchain gaming.

It will offer high-quality games that will deliver on all aspects. In a press release from Yeeha Gaming, the platform’s aim was described as bridging the gap between traditional gaming and blockchain gaming. Free-to-play games will start with the launch of Midgard Saga, which is scheduled to be released in September 2022.

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

BTC still facing losses

Even though some mining companies saw an enhancement in gains, Hut8 Mining has seen a decline in average production rate. According to the available information, it has seen a decline of 2.7% in Bitcoin mining in July 2022. While it has increased its Bitcoin holdings to 330 till the close date of July.

Source: TradingView

The latest data for Bitcoin shows that it hasn’t completely recovered from losses. The 24-hour data shows a loss of 0.18%. In comparison, the weekly performance of Bitcoin shows a loss of 2.88%.

These changes have brought its price value to the $23,033.29 range. In comparison, the market cap value for Bitcoin is estimated to be $440,287,368,908. The 24-hour trading volume of Bitcoin is about $28,453,382,327.

BNB continues to rise

Binance’s CEO has met the president of the Central African Republic. The meeting was aimed at convincing the president regarding crypto adoption. Changpeng Zhao met the CAR president soon after the state adopted Bitcoin. The two leaders discussed the adoption of crypto-friendly policies in CAR.

BNBUSDT 2022 08 05 19 03 49
Source: TradingView

The value of the Binance Coin has seen a speedy rise in the recent few days. The mentioned change has brought gains of 3.35% over the last 24 hours. The seven-day data shows an addition of 9.79%.

The price value for BNB is in the $315.25 range. In comparison, the 24-hour trading volume of this coin is about $50,860,919,839. The 24-hour trading volume of this coin is about $1,820,492,653.

ATOM growing rapidly

Cosmos has also grown rapidly due to the speedy influx of capital. The increase has increased to 2.29% over the last 24 hours. The gains for the last seven days are about 0.36%. The price value has increased to $10.69 as the bullishness continued.

ATOMUSDT 2022 08 05 19 01 21
Source: TradingView

The market cap value for ATOM is estimated to be $3,061,072.802. The 24-hour trading volume of this coin is about $249,581,549. The same amount in its native currency is about 23,348,919 ATOM.

FLOW in a rush to gain value

Flow has seen a tremendous increase in value over recent hours. The latest data shows an addition of 45.64% over the last 24 hours. The seven-day data shows an addition of 46.77%. The increase has consolidated its price value in the $2.74 range.

FLOWUSDT 2022 08 05 19 02 26
Source: TradingView

If we compare the market cap value for FLOW, it is estimated to be $2,816,781,126. The 24-hour trading volume of this coin is about $1,353,499,521. The circulating supply of this coin remained 1,036,200,000 FLOW.

Final Thoughts

The global crypto market has seen an improvement in value over recent hours. The mentioned change has helped it regain value, but Bitcoin is still bearish. In comparison, there has been a speedy rise in the value of other coins. The global market cap value has also seen a rise after a while. It is currently estimated to be $1.09 trillion. The market needs to retain the influx if it wants to move past the current barrier. 

Disclaimer. The information provided is not trading advice. holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

This news is republished from another source. You can check the original article here.

Be the first to comment

Leave a Reply

Your email address will not be published.