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Bitcoin, Ethereum, VeChain, & ApeCoin Daily Crypto Price Analysis
The performance of Bitcoin has also been improving as it has added 3.18%. Ethereum also saw improvement as it added 5.82% over the last day. VeChain and ApeCoin are also bullish as they have added 4.64% and 4.69%, respectively.
Ankita K.
10:51 7th Jul, 2022
Markets

The changes in the global crypto market have continued positive as the gains are improving. These gains have brought Bitcoin, Ethereum, and others consecutive gains for the last two days. These changes have resulted in a revival for the market that saw bearishness for a long while. The current bullish rally is no different from other times as the market has fluctuated speedily. It is yet to be seen what will be the next move for the market, whether it will move forward or recede.

There is an influx of capital for various venture companies in the blockchain business. As the influx continues, various companies have raised millions of dollars over the recent months. The new addition to the list is Web3 gaming firm Planetarium Labs, which raised $32 million in Series A funding. Animoca Brands led this funding. The increased interest in blockchain gaming and the chances for improvement in the already-present technology.

Previously, the head of Tik-Tok’s gaming Jason Fung had also announced quitting his job to co-found a blockchain gaming company. Their company Meta0 has also announced that they have completed this first round of funding.

BTC continues bullish

Bitcoin has continued to fluctuate in value as the amount of capital has wavered over the recent few days. Currently, Bitcoin’s price has been able to stay at $20K, while experts say that its price might stay like this in the upcoming six months. Analysts have remained confident that it will remain in this range.

BTCUSD 2022 07 07 07 14 24
Source: TradingView

The latest data shows that Bitcoin has added 3.18% over the last day. If we compare the seven-day performance, Bitcoin has added 2.25%. The bullish rally has helped it revive value.

Its price is currently in the $20,494.93 range and is likely to remain in the same range. The market cap value for Bitcoin is estimated to be $391,426,398,080. The 24-hour trading volume of Bitcoin is about $23,979,677,863.

ETH adds further

Ethereum merge is getting closer as its steps are almost complete. According to the available updates, Ether testnet Sepolia has switched to Proof-of-Stake, which has brought the blockchain system close to merge. The mentioned blockchain system was supposed to merge in mid-2022, but it has seen delays due to technical issues.

ETHUSDT 2022 07 07 07 16 20
Source: TradingView

Ethereum has also seen an improvement in value as the amount of gains added. It has gained 5.82% over the last day. The comparison of the weekly performance shows that it has added 8.91%. These changes suggest that its price value will continue to grow.

The current price value for ETH is in the $1,184.26 range. If we look at the market cap value for this coin, it is estimated to be $143,817,915,976. The 24-hour trading volume of this coin is about $14,761,881,207.

VET continues to grow

VeChain has continued to grow in value as the influx of capital continues. The latest data shows it has added 4.64% over the last 24 hours. The weekly performance shows an addition of 4.66%. These changes show that its price value has risen to $0.02353.

VETUSDT 2022 07 07 07 17 07
Source: TradingView

The market cap value for VET is estimated to be $1,705,940,975. The 24-hour trading volume of the same coin is about $113,068,909. The same amount in its native currency is about 4,806,002,295 VET.

APE moves unaffected

ApeCoin has also seen a speedy enhancement in value as it has added 4.69% over the last 24 hours. The data for the past seven days shows an addition of 12.42%. These changes show that it has enhanced the price value to $5.09.

i

APEUSDT 2022 07 07 07 18 51
Source: TradingView

If we look at the market cap value for this coin, it is estimated to be $1,524,441,213. The 24-hour trading volume of this coin is about $342,728,846. The circulating supply of this coin is about 299,531,250 APE.

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