Bitcoin, Binance Coin, Avalanche, Polygon MATIC Daily Price Analysis – Dec 31 Summary

TL; DR Breakdown

Global market capitalization improves as the year ends, gaining 0.40% in the last 24 hours. Bitcoin has lost 0.31% in the last 24 hours, bringing its price to the $ 46.8K range. The Binance coin has gained 1.21% in the last 24 hours. Avalanche and polygon increase, adding 9.81% and 1.61%, respectively.

With the close of 2021, new changes are taking place in the market. The year mentioned was a prosperous one for the market, but on the other hand, it brought new challenges to the market. Especially it was the last quarter of 2021 that brought continuous recessions. The main hit was Bitcoin, which was hit harder than any other currency. And the same continues while the clouds of recession still linger.

Bitcoin’s 0.40% loss in the last 24 hours shows that the situation has not gone well yet. If investors are confident of their earnings, they will invest in bitcoins. Otherwise, you will see a new recession. Bitcoin’s long profit-loss cycles show that 2022 could continue to test its strength. If the same happens, you will have a difficult time because you have already lost track of the goals you were supposed to achieve in 2021.

The new year will also bring regulations in the form of laws in various countries, limiting the freedom that the crypto industry enjoys these days. As the new year approaches, all blockchain systems will be innovative and bring some new changes. One link in this chain is the beta version of Shiba Inu DAO. More are expected to hit the market.

The trending fact about cryptocurrencies in 2021 was volatility, and now we will see how the industry sees in 2022.

BTC bearish at the close of the year

Unlike others, Bitcoin’s mood is bearish as it depreciates. At the end of the year, bitcoin has lost 0.31% and its price is around $ 46,801.80. By comparison, bitcoin’s losses over the past seven days are roughly 8.38%.

Source: TradingView

Past recessions have shown that if bitcoin gets out of the way, chances are the rest of the market will follow. If the same thing happens this time, there will be a significant change in the mood of the market as it fluctuates. The current market mood is fine, but it could follow bitcoin.

The current market capitalization for bitcoin is approximately $ 885,319,288,665, while the trading volume for the last 24 hours is $ 37,372,467,342. The amount mentioned for bitcoin trading volume is approximately 758,526 BTC.

Bitcoin could recover soon if the investor’s mood changes and they invest in it.

BNB takes a leap to keep moving forward

Binance Coin seems to be in the mood to recoup the losses it suffered during the recent crash. Binance Coin would have added significant gains if the market was not volatile. Despite fluctuations and changes in the market mood, Binance’s performance has remained relatively good.

Source: TradingView

The current price of the Binance coin is approximately $ 517.89, which saw a 1.12% increase in the last 24 hours. Compared to the 5.02% loss, this performance is relatively better and you can gain more. The current market capitalization for the Binance coin is estimated to be $ 86,385,302,911.

If we take a look at the trading volume of the same coin, it was held at $ 1,947,530,614 for the last 24 hours.

AVAX adds an immense amount of profit

Avalanche has been the winner in the final days of 2021. Although it suffered short dips for a couple of days, Avalanche has performed better. The 24-hour increase in Avalanche price is approximately 9.81% compared to the 7-day loss of 2.18%.

Bitcoin, Binance Coin, Avalanche, Polygon MATIC Daily Price Analysis - Dec. 31 Summary 3Source: TradingView

The current price of the Avalanche coin is approximately $ 110.67, while the current market capitalization is approximately $ 26,917,128,789. Avalanche is currently ranked 10th globally. In 2021 he made significant amounts and jumped from the late 20s to the top 10. Although the current position has been contested by Shiba Inu, Dogecoin and Avalanche, the latter has secured it in recent days.

Avalanche’s trading volume during the last 24 hours is estimated at $ 1,338,755,625.

MATIC stabilizing

Polygon MATIC has been among the winners at the close of 2021. The mentioned coin has gained 1.61% in the last 24 hours compared to 2.13% during the last seven days. Based on the latest updates, the current Polygon price is roughly $ 2.57, while the trading volume for the last 24 hours is $ 1,631,231,521.

Bitcoin, Binance Coin, Avalanche, Polygon MATIC Daily Price Analysis - Dec. 31 Summary 4Source: TradingView

The current market capitalization for the polygon at 14th is approximately $ 18,402,346,084. If there is any innovation in the Polygon blockchain, it is expected to add more profit.

Final thoughts

The current market mood is optimistic as the year draws to a close, but how 2022 will handle it remains to be seen. It is uncertain whether 2022 will remain volatile for the market or bring stability. Investors expect it to be different than 2021, which tested their nerves with repeated changes.

The challenges facing the crypto market in 2022 are Covid-19, state regulations and possible recessions like 2021. Although the beginning is challenging for the market, experts hope to bring good news to investors.

Disclaimer. The information provided is not commercial advice. Cryptopolitan.com assumes no responsibility for investments made based on the information provided on this page. We highly recommend independent research and / or consultation with a qualified professional before making any investment decision.

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Bitcoin, Binance Coin, Avalanche, Polygon MATIC Daily Price Analysis – Dec 31 Summary

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