Key Points:
– The crypto market cap is gradually picking up momentum, but the trading volume is below expectation.
– Two key executives have departed from Binance, causing FUD in the market.
– The global crypto market cap is $1.18 trillion, with trading volume at $24.65 billion.
– DeFi is back in play, accounting for 7.8% of trading volume in the last 24 hours.
– Bitcoin maintains a dominance score of 49%.
– Avalanche (AVAX) has been trading sideways but is pushing for gains and a breakout at the $19 resistance.
– GMX (GMX) has experienced significant gains in the last 52 weeks and is currently testing resistance at $55-$56.
– Aave (AAVE) has seen value gains from the increasing interest in DeFi and is attempting to break out of its $77 resistance.
– UNUS SED LEO (LEO) is showing signs of recovery after a price action that moved its price from $3 to $4.
– LEO has a burn program that commits revenue to the burning of tokens, and over 60 million LEO tokens have already been burned.
Hot Take:
The crypto market is experiencing some challenges with trading volume, but there are still opportunities for growth. Avalanche, GMX, Aave, and UNUS SED LEO are all showing potential for gains and are worth considering as investments. It’s important to closely monitor their progress and market trends to make informed decisions.
By
By
By
By