Binance CEO Hopes You Didn’t Panic And Sell As Market Direction Changes

Crypto

The CEO of Binance, Changpeng Zhao, said that he hopes that his followers didn’t sell their cryptocurrencies in panic. CZ made the statement via Twitter on Friday, September 9. This is ast the coin market started showing signs of recovery with Bitcoin price moving above the $21k mark.

The last time that the digital currency traded above $21k was at the end of last month. At the time of reporting, BTC is trading at $21,017 on Bitstamp and the market sentiment shows that more investors are optimistic that the price would go higher.

While some analysts believe that the price of the cryptocurrency is close to its support, others think that this is a false start and that the price of Bitcoin could rise to up to $23k before plummeting down to the $18k region.

TechRonin in a post he made on August 18,

“It’s more than 2 months that I am saying we won’t start going up until mid-end Sep and until then it would be a big sideway move, the sideway move always ends with a retest of the lows and then up, there is nothing to worry”

Other analysts believe that we are still in muddy bear waters with no certainty in any direction.

Most Coins Are in Green

Bitcoin has gained 10% in the past 24 hours to arrive at its present price. This brought its 7-day performance to a 3% gain.

Ethereum has gained 7% in the past 24 hours, bringing its week-long gain to 5%. Ether is currently trading at $1,718.

Binance Coin is up by 5% at the price of $290. This is a 3% gain on the 7-day chart, while Ripple has gained 5% in the past 24 hours bringing its market price to $0.3488. Its week-long gain is also 5%.

Cardano (ADA) is up by 6% in the past 24 hours at the price of $0.4957 . Its week-long gain is 7%, while Solana and Polkadot are also in profit in the past 24 hours gaining 7% and 9% respectively. With the current state of the market, all the top coins are in gain.

Only Coin in Red Among Top 20

In fact, among the top 20 coins, only UNUS SED LEO, the IFINEX token is in red. The 20th ranked cryptocurrency by market capitalization is currently trading at $5.01, down by 4% in the past 24 hours. On the 7-day chart, it is down by 7%.

Another loser among the top 30 coins is Terra Luna Classic, which has gained a massive 90% in the past 7 days before correcting with a loss of 12% in the past 24 hours.

Among the top 30 coins, Cosmos (ATOM) has made the most gain in the past 24 hours. ATOM is up by 23%. On the 7-day chart, it has gained 27% and has a current market price of $16.20.

Among the top 40 coins, Apecoin is up by 16% in the past 24 hours with its current market price at $5.18. This brings its week-long gain to 8%. Among the top 50, another remarkable gainer is OKB, which is up by 22% in the past 24 hours.

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Author: Jofor Humani

Jofor is a crypto journalist with passion for investigative review of projects with the aim to determine the authenticity of their claims.

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