Binance Coin shows double-digit gains amid ‘extreme fear’

Sep 30, 2021

By: BI India Bureau

The crypto market sentiment is currently locked in at ‘extreme fear’

While it can be a sign that investors are worried, it also presents a buying opportunity

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The global crypto market capitalisation is that $1.84 trillion

This is a marginal increase 1.14 percent over yesterday, when the market was mostly flat

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Binance Coin is the biggest gainer among the top 10 cryptocurrencies

It’s the only one to clock in a double digit jump over yesterday of 11 percent

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Binance Coin is currently valued at $367.99

Provided the crypto market doesn’t get hit by another round of FUD, analysts are optimistic the BNB token could rally to at least $400

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Bitcoin and Ether are also trying to ride the wave

But their gains are over the last 24 hours are under one percent

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Bitcoin is currently priced at $41,535

Market data indicates that the ‘whales’ have been moving around record amounts of the cryptocurrency over the last two weeks

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Bitcoin is long overdue for a “FOMO rally”

Bobby Lee, former CEO of the crypto exchange BTCC, believes the cryptocurrency could go on to hit $100,000 before year-end

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Ethereum is still struggling to get back over $3,000

Its price is currently $2,847.20 — down by over 5 percent as compared to last week

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Altcoins like XRP and Solana are having better luck

Even though their gains aren’t enough to make up for the losses from last week

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Ripple’s XRP continues to trade below $1

While its price has increased by 3.25 percent, the cryptocurrency is still only worth $0.9353

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Solana’s price is $134.64

The ‘Ethereum Killer’ has jumped by nearly 4 percent in the last 24 hours — still 5 percent below its price from last week

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Polkadot is worth $27.24

The cryptocurrency has increased by 2.61 percent since yesterday

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Dogecoin remains in the doldrums

Its price is currently $0.1992, up by only half a percent in the last 24 hours, and down by over 10 percent as compared to last week

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Disclaimer

These are top cryptocurrencies by volume according to CoinMarketCap | Prices updated as of September 30, 9.30 am IST and may change over the course of the day

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