Epic Battle-Bitcoin Vs Cardano and Binance Coin
- The crypto market has risen by nearly 2.3% in the past 24 hours.
- Cardano (ADA) has gained 6.55 percent in the past 24 hours.
- Binance Coin (BNB) has yet to reach the long zone.
Anyone acquainted with cryptocurrencies knows that Bitcoin is by far the most well-known coin. It was the first cryptocurrency and is still the largest in terms of market value.
With increasing recognition of the benefits of blockchain, many cryptocurrencies have developed with modifications to Satoshi Nakamoto’s original whitepaper. Binance Coin and Cardano are two of the most popular.
Since the market bottomed out, just a few coins remain in the red. Solana (SOL) and Polkadot (DOT) are still bearish. The whole crypto market has risen by nearly 2.3% in the past 24 hours, surpassing $2.19 trillion. Analysts are split on the market’s long-term trend.
The value of bitcoin may reach new all-time highs in late 2021 or early 2022, while some predictions suggest it may fall below $20k by year’s end.
Bitcoin
Yesterday, buyers broke past the two-hour EMA55 barrier, bringing Bitcoin back above the POC. Volumes fell today, but the price rose, approaching the 61.8 percent fibo mark.
Bulls may be able to breach the next resistance barrier if daily trade volumes rise. Bitcoin was worth $47,570.50 as per CoinMarketCap.
Cardano
Cardano (ADA) is currently the third biggest cryptocurrency behind Bitcoin and Ethereum, as blockchain fans seek more eco-friendly alternatives.
It has gained 6.55 percent in the past 24 hours. As per CoinMarketCap, it is trading over $2.40, indicating that bulls are attempting to take the mid-term initiative. Also, one may consider a trend reversal when ADA fixes over the crucial $3 level.
Binance Coin
Binance Coin is one of just a few cryptocurrencies that has received widespread support from outside the cryptocurrency industry. Its market value surged to $40 billion in February. Thus, reigniting anticipation that BNB might be the token that ultimately topples Bitcoin.
5.77% less than Cardano, Binance Coin (BNB) has gained (ADA). However, Binance Coin (BNB) has yet to reach the long zone. Currently, investors have the opportunity to take the initiative for $456. If they succeed, the increase may reach $500. BNB was at $434.7 as per CoinMarketCap.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
