Bitcoin, Binance Coin, XRP and Solana Daily Price Analysis – August 30 Morning Price Prediction

by James · August 30, 2022

The global crypto market has seen a continuation of gains as it has maintained its momentum. The latest data shows that Bitcoin, Binance Coin, etc., have continued to grow in value. The recent influx of capital has given significant gains to various coins in the market. The influx of capital came after strong bearishness, which had left the market emaciated. The current bullish wave is not strong and may not bring the expected gains to the market.

Iran has implemented new rules that will allow businesses to use crypto for import trade transactions. According to the aforementioned changes in the rules, the local businesses that want to pay in crypto instead of Euros or Dollars will be able to take advantage of this benefit. The Minister of Industry, Mines and Trade, Reza Fatemi Amin, said Iran’s administration had adopted a new set of regulations.

Amin made the announcement on August 29 at an auto show in August. He also said that the new law defines regulations regarding crypto mining and the supply of fuel and energy for crypto mining. The Central Bank of Iran has approved these changes and they will take effect soon.

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

Table of Contents

BTC to $20.4K

Bitcoin has continued to find use in various areas. According to the latest updates, Bitcasino has partnered with ESTCube-2 to send one Bitcoin into space in 2023. The said step will give all players an opportunity to win said Bitcoin.

BTCUSD 2022 08 30 17 05 26 — Source: TradingView

The latest changes show satisfactory growth of Bitcoin. The latest data shows that it has increased by 2.99% in the last 24 hours. The weekly data shows that it has declined by 4.99%.

The price value for Bitcoin is currently in the area of $20,414.98. The market value of Bitcoin is estimated at $390,452,269,055. The 24-hour trading volume for this coin is approximately $32,955,444,130.

BNB maintains momentum

BinancePay has partnered with various companies in the UAE to provide crypto-related services. According to the available updates, a partnership with BinancePay will allow entrepreneurs to repay loans using crypto. Virtuzone has partnered with Binance for this purpose and will soon launch the said service. Digital payments are likely to become mainstream in the UAE soon.

BNBUSDT 2022 08 30 17 06 05 — Source: TradingView

The value of the Binance coin has also continued to grow. The latest data shows that it has increased by 5.96% in the last 24 hours. The weekly data shows that it has decreased by 2.97%.

The price value for BNB is currently in the area of $289.67. The market value of this coin is estimated at $46,734,854,341. The 24-hour trading volume for the same coin is approximately $988,551,876.

XRP stable

The value of XRP has steadily increased due to constant gains. The latest data shows that it has increased by 2.57% in the last 24 hours. The weekly data shows that the losses are about 2.96%. As the gains continue, the price value of XRP has reached the $0.3313 area.

XRPUSDT 2022 08 30 17 06 49 — Source: TradingView

The market cap for XRP is estimated at $16,429,626,820. The 24-hour trading volume for this coin is approximately $904,167,261. The same amount in its original currency is approximately 2,732,182,144 XRP.

SOL tries to strengthen the value

Solana has also made attempts to strengthen the value. The latest data shows that it has increased by 6.85% in the last 24 hours. The weekly data shows that it fell 8.29%. The price value for SOL is currently in the $32.77 range.

SOLUSDT 2022 08 30 17 08 19 — Source: TradingView

The market value of Solana is estimated at $11,435,715,243. The 24-hour trading volume for this coin is around $836,139,463. The circulating supply of this coin is approximately 349,511,110 SOL. As gains continue, Solana will likely increase in value.

Final thoughts

The global crypto market has made a significant improvement in the last day. The recent changes for Bitcoin, Binance Coin, etc. show that the market will grow further. As the inflow continues, the market will increase gains for investors. The global market value has also seen growth. The latest data shows that it is estimated at 993.36 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.