Bitcoin, Binance Coin, Polygon and Tron Daily Price Analysis – July 31 Morning Price Prediction

by James · July 31, 2022

The global crypto market has changed as capital inflows have fluctuated. The market was unable to sustain its gains and thus most coins turned bearish. These changes have affected Bitcoin, Binance Coin and others. The decline in capital was expected the other day, but the market continued to rise. The market must soon resume gains if investors are protected from losses. It remains to be seen what will be the next move for the market.

The Hong Kong University of Science and Technology has plans to build the world’s first metaverse school. It announced on Friday that it would build two meta-learning school buildings on its campuses. It will join business and non-business organizations to improve digital learning. The two campuses include the Hong Kong campus and the Guangzhou campus.

The aforementioned university has plans to merge digitally, and “real” as the students at these two schools will be able to attend classes from different areas. The availability of metaverse features will allow students to feel together in the same room. A professor at this university also said that the new technology would celebrate the opening of the Guangzhou campus on September 1.

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

Table of Contents

BTC is turning bearish

Although Bitcoin has seen an upswing in recent days, investors are vulnerable. The recent rally strengthened the price value, but the vulnerability has also grown. Bitcoin miners have also seen difficulties due to the bearish market.

BTCUSD 2022 07 31 13 57 48 — Source: TradingView

The latest data shows that Bitcoin has lost 1.15% in the last 24 hours. The mounting losses have also affected the weekly performance. The weekly gains for Bitcoin have reduced to 4.42%.

The price value for Bitcoin is in the area of $23,624.70. The market value of Bitcoin is estimated to be $451,427,258,403. The 24-hour trading volume for Bitcoin is around $27,077,769,033.

BNB is going through difficulties

Binance has continued to attract new investors as its business has expanded. According to the latest updates, it has attracted a new customer i.e. Lazio. Lazio is an Italian football club that will sell NFT tickets using Binance. It will increase the public’s ease of having digital tickets in the form of NFTs.

BNBUSDT 2022 07 31 13 58 13 — Source: TradingView

The value of the Binance coin has also been lagging as losses continue. The latest data shows that it has declined 0.45% in the last 24 hours. The seven-day results show an addition of 10.49%.

The price value for BNB is in the range of $290.34 and may vary. The market value of this coin is estimated at $46,842,043,570. The 24-hour trading volume for this coin is approximately $1,500,988,891.

MATIC still bullish

Polygon has continued to attract investors as it has added additional gains. The latest data shows another 0.28% in the last 24 hours. The seven-day data for this coin shows that it has added 8.69%. The continued inflow has strengthened the price value to the $0.9464 area.

MATICUSDT 2022 07 31 13 58 37 — Source: TradingView

The market cap of MATIC shows it to be around $7,603,759,087. The 24-hour trading volume for this coin is estimated at $1,182,066,961. The same amount in its native currency is approximately 1,249,076,433 MATIC.

TRX shows a downward trend

Tron has also shown signs of downward trend like Bitcoin and Binance Coin. The latest data shows that it has declined by 1.14% in the last 24 hours. The changes for the last seven days show an addition of 2.72%. As the swings continued, the price value changed to the $0.6919 area.

TRXUSDT 2022 07 31 14 01 43 — Source: TradingView

The market cap of TRX is estimated at $6,395,022,053. The 24-hour trading volume for this coin is approximately $529,939,303. The circulating supply of this coin is approximately 92,425,794,022 TRX.

Final thoughts

The global crypto market has seen fluctuations in value due to a trend of bearishness. The increase in regression has affected various coins. These include Bitcoin, Binance Coin and other big names. The effects are clear from price fluctuations and other calculations. The global market cap has also changed in the last day. It is currently estimated at $1.09 trillion, decreasing by $0.01 trillion.

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