Bitcoin, Binance Coin, Polygon and Shiba Inu Daily Price Analysis – October 22nd Morning Prediction

by James · October 22, 2022

The global crypto market has continued to grow in value due to capital inflows. The last few hours have seen a rapid increase in value, which has strengthened the emaciated coins. The value of Bitcoin, Binance Coin and others are likely to increase if the current trend continues. The past few months have proven to test the market as the situation has worsened rather than improved. There have been sparse moments of respite, but no definitive positive change.

Spain has overtaken El Salvador to become the third largest crypto ATM center. Spain currently hosts 215 crypto ATMs, pushing El Salvador, which is home to 212 ATMs. While the US and Canada are the top two countries with crypto ATMs. The ongoing changes have pushed El Salvador to fourth place. Data from CoinATMRadar confirms that Spain represents 0.6% of global crypto ATM installations.

Moreover, this data shows that Spain contributes 14.65% to Europe’s crypto ATM installations. Spain is followed by Switzerland, Poland and Romania. The aforementioned country installed 43 crypto ATMs in 2022. While it has plans to complete the installation of 100 ATMs by the end of the year. Thus, the total number of completed ATMs will reach 300.

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

Table of Contents

BTC continues to grow

As whales have aggressively accumulated Bitcoin, $1 billion worth of BTC has left Coinbase in a day. Despite the downturn in the market, resilience has been noted for Bitcoin. The fundamentals look set to propel Bitcoin to new heights as demand grows.

BTCUSD 2022 10 22 17 00 50 — Source: TradingView

The latest changes for Bitcoin show a continuation of the positive trend. The latest data shows that it has increased by 1.07% in the last 24 hours. The seven-day data for Bitcoin shows an addition of 0.17%.

The continuation of the gains has brought BTC’s price value to the $19,189.67 area. The market value of Bitcoin is estimated at $368,178,487,675. The 24-hour trading volume for Bitcoin is approximately $28,659,590,616.

BNB remains bullish

Quant has been listed in Binance futures as price resets to $170. As it has been placed in Binance futures, there has been hope for improvement in value. Although the price of this coin rejected the high of $220, it is still above the key support area.

BNBUSDT 2022 10 22 17 01 17 — Source: TradingView

The latest changes for Binance Coin show strength in value. The latest data shows that it has increased by 1.22% in the last 24 hours. The seven-day data shows it has declined 0.29%.

The price value for BNB is currently in the area of $270.01. The market value of this coin is estimated at $43,195,922,000. The 24-hour trading volume for this coin is approximately $509,928,449.

MATIC continues to advance

The performance of Polygon has also shown a positive trend. The latest data shows that it has increased by 4.61% in the last 24 hours. The weekly performance of this coin shows an addition of 3.61%. The price value for MATIC is currently in the range of $0.8256.

MATICUSDT 2022 10 22 17 01 38 — Source: TradingView

The market cap of Polygon is estimated at $7,218,796,717. The 24 hour trading volume for this coin is approximately $356,182,684. The same amount in its original currency is approximately 430,960,001 MATIC.

SHIB powerful

The value of the Shiba Inu has also increased due to the bullish market. The latest data shows that it has increased by 2.71% in the last 24 hours. According to its weekly performance, there has been a decline of 1.74%. The price value for SHIB is currently in the range of $0.00001003.

SHIBUSDT 2022 10 22 17 03 56 — Source: TradingView

The market cap of Shiba Inu is estimated at $5,505,243,502. The 24 hour trading volume for this coin is approximately $139,569,693. The circulating supply of this coin is approximately 549,063,278,876,302 SHIB.

Final thoughts

The global crypto market has seen a positive trend in recent hours. The latest data shows that Bitcoin, Binance Coin and others continued to grow. As the market has retained gains, there has been a strength seen in value. The global market value has also increased. The latest data shows that it is estimated at 921.46 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.