Bitcoin (Bitcoin) The price remained relatively unchanged on the 24-hour chart, falling by 0.56%, trading at approximately $33,200 at the time of writing.
As the holiday weekend of July 4 in the United States approached, the entire cryptocurrency market was flat on July 2. While the trading volume was sluggish, the total market value of cryptocurrencies fell slightly by US$5 billion to the current US$1.378 trillion.
Although the entire market is facing difficulties, but from Cointelegraph Markets Pro Due to recent developments related to non-fungible tokens, Axie Infinity (AXS) and Waves (WAVES) have confirmed bullish developments.
Axis infinity (AXS)
Axie Infinity is a blockchain-based trading and battle game that allows players to collect, breed, breed, fight, and trade token-based creatures, called Axies. Since the BTC price fell below 29,000 and hit a low of $2.85 on June 22, as demand for Axie’s continued to rise, the price of AXS surged 125% to an intraday high of $6.40 on July 2.
VORTECS™ data comes from Cointelegraph Markets Pro Before the recent price increase, a bullish outlook for AXS began to be discovered on June 29.
Cointelegraph’s unique VORTECS™ score is an algorithmic comparison of historical and current market conditions. These data points include a combination of market sentiment, trading volume, recent price changes, and Twitter activity.
As shown in the figure above, the VORTECS™ score of AXS has been recorded in green since June 26th, because the price of AXS began to slowly climb, and finally reached a high of 83 on June 29th, as its price began to climb another 45% in the next For three days.
At the time of writing, the VORTECS™ score of AXS has climbed to a new high of 86, which indicates that based on the previous price movements of the token, the price of Axie Infinity still has more room for upside.
After its VORTECS™ score turned bullish in late June, Waves was also recognized by Cointelegraph Markets Pro as a strong performing stock.
As shown in the figure above, WAVES’s market conditions were favorable in the last month of June. Its VORTECS™ score reached a high of 83 on June 27, and its price began to rise by 35% in the next three days. The hour rose from $13.31 to a high of $17.75.
The VORTECS™ score of WAVES climbed to 83 again on July 2nd, suggesting that the bullish situation of WAVES may remain intact.
Bitcoin hovers around $33,500
The overall weakness in the altcoin market stems from the price of Bitcoin Struggling under $33,400 Because many traders seem to have started their holiday weekend early.
Data from Cointelegraph Markets Pro with Transaction view It shows that the price of BTC was trading in a narrow range between US$32,650 and US$34,000 on July 2, as traders waited for major news events or on-chain development to initiate major price changes in top cryptocurrencies.
The overall sentiment in the current market is a kind of uncertainty, as shown in the following tweet by Filbfilb, an independent market analyst and co-founder of the Decentrader trading suite, he is still “undecided what will happen next” and is “watching blood” . ”
Long weekend in the United States.
The opportunity to move the market to where people want to fill it.
Considering our greatest possibility…
There is a lot of mobility nearby.
I am not sure what will happen next… the yellow path will be interesting, I am waiting for what will happen, watching the blood. pic.twitter.com/VbIRiI32xz
— Fil ₿ fil ₿ (@filbfilb) July 2, 2021
The overall cryptocurrency market value is now $1.373 trillion, and Bitcoin’s dominance rate is 45.5%.
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