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Bitcoin, Ethereum, Quant, & VeChain Daily Crypto Price Analysis
The performance of Bitcoin, Ethereum, and others shows a bullish trend. The recent hours not only showed a bullish change but also the retention of gains. As the market continues to grow in value, it is likely to attract further gains.
Ankita K.
10:34 5th Nov, 2022
Markets
  • The global crypto market has continued to grow as it added 5.55% over the last 24 hours.
  • The performance of Bitcoin has also shown bullishness as it added 5.29%.
  • Ethereum has also performed well as it added 7.39% over the last day.
  • Quant and VeChain are both bullish as they have added 5.85% and 6.32%, respectively.

The global crypto market has witnessed a positive change in value as it continues to attract gains. The value of investor capital is likely to increase if the current situation persists. There are hopes that the market won’t lose momentum.

Binance co-founder Yi He has promised to find more projects for the launchpad. He tweeted about Binance launchpool and launchpad and promised to scour for more projects. The mentioned statement has come after the long inactivity of the two projects. BNB’s reaction following this tweet shows that public confidence has increased in the two projects. Binance Launchpad is a project that helps new crypto-based projects to release coins.

While Launchpool is more DeFi-focused where investors can stake tokens like BNB and BUSD to earn newly release tokens. The two Binance projects have been in operation for a while. Yi He showed gratitude to Binance supporters and assured them that they will look for new projects for the two. The inactivity of the two projects was mainly the result of crypto winter and other related issues.

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

BTC regains lost ground

The US Securities and Exchange Commission has charged four people for an alleged $295 million Bitcoin Ponzi scheme. The alleged were running a fake BTC-USD scheme according to the agency. Such-like scams have been one of the major reasons for the declining value of the market.

BTCUSD 2022 11 05 07 19 17
Source: TradingView

The recent changes for Bitcoin show a continuation of the positive trend. The latest data shows that it has added 5.29% over the last 24 hours. The weekly performance of Bitcoin shows an addition of 3.53%.

The price value of BTC is currently in the $21,367.65 range. The market cap value of Bitcoin is estimated to be $410,227,322,083. The 24-hour trading volume of Bitcoin is about $65,922,555,781.

ETH continues to rise

The value of Ethereum has skyrocketed following the release of US employment data. On Friday the US Labor Department announced that the unemployment rate in the country rose to 3.7%, which is close to 50 year low. The recent Fed hikes and this data both have had impacts on the market.

ETHUSDT 2022 11 05 07 19 39
Source: TradingView

The performance of Ethereum has continued to enhance due to the influx of capital. The recent data shows that it has added 7.39% over the last 24 hours. The weekly performance of this coin shows an addition of 6.37%.

The price value of ETH is currently in the $1,653.94 range. The market cap value of this coin is estimated to be $202,399,026,023. The 24-hour trading volume of this coin is about $21,438,454,149.

QNT stays bullish

The value of Quant has also strengthened due to a bullish trend. The latest data shows that it has added 5.85% over the last day. The weekly performance of this coin shows a loss of 0.09%. The price value of QNT is currently in the $167.23 range.

QNTUSDT 2022 11 05 07 19 59
Source: TradingView

The market cap value of Quant is estimated to be $2,020,665,648. The 24-hour trading volume of this coin is about $75,478,867. The same amount in its native currency is about 450,959 QNT.

VET super-bullish

The ongoing changes for VeChain continue to show a super-bullish trend. The latest data shows that it has added 6.32% over the last 24 hours. The weekly performance of this coin shows an addition of 8.34%. The price value of VET is currently about $0.02568.

VETUSDT 2022 11 05 07 20 52
Source: TradingView

The market cap value of VeChain is estimated to be $1,858,164,879. The 24-hour trading volume of this coin is about $91,639,928. The circulating supply of this coin is about 72,511,146,418 VET.

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