Bitcoin, Binance Coin, Litecoin and FTX Token Daily Price Analysis – October 21 Morning Prediction

by James · October 21, 2022

The global crypto market has seen a negative trend as it could not recover from losses. The ongoing situation has pushed Bitcoin, Binance Coin and others to further losses. As the market situation worsened, there was no hope for investors. They have continued to face losses, which have reduced the value of their investments. Some investors have preferred to sell, while others are considering their options. The uncertainty in the market has led to a reduction in value in recent months.

OpenSea has announced that they have revised the NFT rarity ranking protocol following community feedback. While these changes have been made, some community members argued that the new rarity protocol destroys the market-driven rarity structure. As the rarity protocol has been revised, the collectors can get help in deciding to buy NFTs.

As the new protocol OpenRarity is put into effect, users will see rank instead of rarity, thus influencing a user’s decision. The NFT marketplace has made some revisions to the protocol after receiving feedback from users, but there is much that needs to be revamped. The new entries show “rarity rank” instead of rank, adding the trait count. The change will apply in all chains on 25 October.

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

Table of Contents

BTC drops to $18.8K

A former congressional candidate has ditched Bitcoin for XRP and LUNC. David Gokhshtein announced on Friday that he prefers to buy XPR and LUNC instead of Bitcoin. The recent bearish changes for Bitcoin have caused many investors to desert.

BTCUSD 2022 10 21 18 00 13 — Source: TradingView

The latest changes for Bitcoin show a continuation of the negative trend. The latest data shows that it has fallen 1.72% in the last 24 hours. The weekly data for Bitcoin shows a loss of 4.52%.

The price value of BTC is currently in the area of $18,842.09 and is likely to lower. The market value of Bitcoin is estimated at $361,493,215,270. The 24-hour trading volume for Bitcoin is approximately $28,233,672,642.

BNB in loss

Binance has denied that it has used customers’ UNI for its Uniswap votes. Recently, Binance enabled a voting feature using customers’ UNI tokens. This Binance UNI delegation would be Uniswap’s second largest voter. But Binance’s denial of its use has made clear that it will not be used to influence community decisions.

BNBUSDT 2022 10 21 18 00 37 — Source: TradingView

The performance of Binance Coin has also shown a trend of decline. The latest data shows that it has decreased by 1.70% in the last 24 hours. The weekly data shows that it has declined by 2.61%.

The result of negative changes in the price value of BNB is regression, as it is currently in the $267.59 area. The market value of this coin is estimated to be $42,809,153,239. The 24-hour trading volume for this coin is approximately $581,216,463.

LTC continues to decline

The value of Litecoin has also continued to decline due to the negative trend. The latest data shows that it has declined by 2.51% in the last 24 hours. The weekly data shows that it has decreased by 3.96%. The price value for LTC has dropped to the $50.25 area.

LTCUSDT 2022 10 21 18 01 05 — Source: TradingView

The market cap of Litecoin is estimated to be $3,590,277,662. The 24 hour trading volume for this coin is approximately $352,595,594. The same amount in its native currency is approximately 7,015,444 LTC.

FTT on the decline

There has been no positive change for FTX Token due to the negative trend. The latest data shows that it has decreased by 2.26% in the last 24 hours. The weekly data shows that it has declined by 8.30%. The price value for FTT is currently in the $22.10 range.

FTTUSDT 2022 10 21 18 04 08 — Source: TradingView

The FTX Token market cap is estimated at $2,951,148,824. The 24 hour trading volume for this coin is approximately $39,339,837. The circulating supply of this coin is approximately 133,373,303 FTT.

Final thoughts

The global crypto market has seen a negative change in performance. The ongoing changes have affected Bitcoin, Binance Coin and others. The market is likely to continue in losses as the global scene continues unchanged. The global market value has also been affected by these negative changes. The latest data shows that it is estimated at 903.12 billion dollars.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com has no responsibility for 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.