Markets Recover as Sui Records Massive Gains

By Kester Odero

June 17, 2023 6:15 PM

Altcoins News Crypto Market News

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Table of contents

1. Altcoin analysis

Markets are still doing rather well as the global market cap records a 2.6% gain within 24 hours of trading to take the total cap to $1.07T. Bitcoin (BTC) is on for a good session as the asset now sits on a 1.8% gain within 24 hours of trading to take the asset’s price to $26.4K.

BTC’s volatility levels are gradually decreasing as the Bollinger bands now converge towards each other slightly indicating reduced volatility. The relative strength indicator is also moving high above the average line as bulls now push for the overbought region. The MACD indicator has also shifted to the positive side as bulls now push for market dominance.

SmF272BHPDiumpUh1XgBSsdjIYdADw7 Pp5d9gjzOCQn4xPcj 81kz1ZRRNfADsM41 5KZxkz6y0TnzYfCOoEBRVIiFppgel7wzAbattTTMMO 7h32 — BTC 1-day chart | Source: Tradingview

Altcoin analysis

Ethereum is also maintaining a bullish trend as the asset now sits on a 1.7% gain within 24 hours of trading to take the asset’s price to $1728. Ethereum’s trading volume has however dropped by 8.8% as activity on the network decreases.

Markets Recover as Sui Records Massive Gains 2 — ETH 1-day chart | Source: CMC

BNB, currently the tired most trending asset, has now recovered to boast a 1.7% gain within the same period as the asset’s weekly gain now stands at 2.15% as BNB now trades at $244. Ripple has also gone up 3% within the same period to take its price to $0.4816. Cardano (ADA) has however also seen a 2% gain within the same period as Solana (SOL), which now sits on a 3.5% gain within the same period.

Uniswap (UNI), currently on second most trending on CoinMarketcap, has seen a 1.33% increase as the asset now trades at $4.55. Uniswap has a current market cap of 2.63B as the trading volume now sits at 47.09M.

GAs1wQ1LPZ1dDKozcHehUVRQHt8Bo0HQueCIHiaXtWJEnzRtISrXyA8EptyM4ULwtFUB NurJWw804fZoyv8si1uy Q7s0ItmDo8zBe5 bJeD8d1SIuBVF8UECiwKC0yk7 0OiMul9JsTasVAWyoNI4 — UNI 1-day chart | Source: CMC

Polygon is also making tremendous gains as it now sits at a 5% gain within the same period to take its price to $0.61 as the weekly gain now stands at 4%. Litecoin (LTC), has also seen a 1.5% gain as the asset now stands at $77. Polkadot (DOT), has also seen a 3% increase as the asset now trades at $4.55 as the weekly gain also stands at 1%.

Sui has also seen a 16% gain, standing among today’s top gainers, as the asset now trades at 0.76$ ahead of a 20% weekly gain. Pepe has also stood strong as the asset now sits on a 6% gain within 24 hours of trading.

Tags:

ADA BNB BTC DOT ETH LTC MATIC SOL XRP

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AUTHOR

Kester Odero

Kester is an experienced freelance content writer. His focus is primarily on blockchain technology and cryptocurrency. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media. In addition to being a skilled content writer, Mushumir is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Mushumir enjoys traveling, reading, and playing cricket when he is not writing. He now works as a news and article writer for BlockchainReporter.

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