Bitcoin, Binance Coin, Algorand, and Hedera Hashgraph Daily Price Analyses – 28 May Morning Price Prediction

The performance of the global crypto market has changed a bit as the value of losses has been reduced. The influx of funds to the market has helped Binance Coin and others turn bullish. In comparison, the performance of Bitcoin hasn’t improved, as its losses have continued. The market seems unable to cross the current barrier due to continued losses. If it can gain continuously, it might be able to cross the current threshold level.

Solana blockchain has faced issues with processing transactions and other activities because of some operational issues. According to the available updates, Solana is running thirty minutes behind schedule, affecting its value and the global business. It has also suffered the same issues due to operational errors in the past. The previous times its errors caused its running behind for hours.

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

BTC regaining value

Experts predict that a breakdown or a breakout for Bitcoin is possible. Its data shows that it has been trading above $28K, and it might face problems imminently. The changes are yet to be seen if it can regain value or shed the current one.

Source: TradingView

The latest data for Bitcoin shows that it has shed 0.24% over the last 24 hours. If we compare the data for the last seven days, the losses for Bitcoin reached 1.60%. The decrease in the influx of funds has also affected the price value.

The price value for Bitcoin is in the $28,850.26 range. If we compare the market cap value for Bitcoin, it is estimated to be $549,255,580,454. The 24-hour trading volume of Bitcoin is about $29,970,835,110.

BNB turns bullish

Binance Coin had also faced problems, but it has entered a bullish phase, strengthening its value. Division Network has announced Binance custody as its custodian. The arrangement will help it support the DVI token on Binance, leading to further benefits.

BNBUSDT 2022 05 28 17 13 19
Source: TradingView

The latest data for Binance Coin shows that it has gained 0.34% over the last 24 hours. In comparison, the weekly performance shows a bearishness of 1.42%. The price value for Binance has continued to fluctuate as the market remains unstable.

The latest data shows that its price value has reached $302.03. The market cap value of BNB also saw improvement due to gains as it is about $49,315,222,654. The 24-hour trading volume of Binance Coin is about $2,002,962,873.

ALGO continues to lower

Algorand has been moving negatively in contrast to the dominant market trend. The data for the last 24 hours shows that it shed 2.74%. While if we compare the performance for the last seven days, the losses amount to 14.68%. The increasing trend has been discouraging for the investors.

ALGOUSDT 2022 05 28 17 13 47
Source: TradingView

If we look at the price value for ALGO, it is in the $0.3639 range. The market cap value for ALGO is also receding, as it is estimated to be $2,497,392,021. The 24-hour trading volume of ALGO remained at $125,604,146.

HBAR shedding further

Hedera hasn’t been able to regain value as it has receded. The latest data shows that HBAR shed 2.80% in 24 hours. The losses of HBAR for the last seven days have reached 12.42%. The trend for losses on the part of Hedera is increasing, which has led to lowered investments.

HBARUSDT 2022 05 28 17 14 07
Source: TradingView

The price value for HBAR is in the $0.08783 range. If we compare the market cap value for this coin, it is estimated to be $1,821,799,750. The 24-hour trading volume of HBAR is about $37,265,952. The circulating supply for this coin remained at 20,741,406,793 HBAR.

Final Thoughts

The global crypto market has continued in a difficult situation as the losses for various coins have continued. The value of the global market cap has reached $1.20T after the new additions to the market value. But there is a need for improvement for Bitcoin, Binance Coin, and other market leaders. If the market continues to linger in the current limbo, there would be little attraction for the investors, causing further harm to the market. 

Disclaimer. The information provided is not trading advice. Cryptopolitan.com 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.


Be the first to comment

Leave a Reply

Your email address will not be published.


*