MPost Markets: Cryptocurrency prices rise

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Cryptocurrencies are experiencing a slight increase in value.

Bitcoin price has risen again over the weekend and is now trading at $31,408.19, a 6.10% increase since yesterday. The coin’s price seems to be oscillating between $29K and $32K, but it hasn’t yet surpassed the $32K mark.

Bitcoin price over 22 hours. Source: CoinGecko.

“BTC remains weak until it conclusively breaches the $31k to $32k range,” Joe DiPasquale, the CEO of crypto fund manager BitBull, told CoinDesk. “However, we continue to see some buying below $30K that is keeping the price afloat.”

Ethereum’s ether is also in the green. The 7.08% rise it has experienced means the coin is now $1,905.01. Binance’s BNB’s price is up by 4.37%, Cardano’s ADA by 12.96%, XRP’s by 3.43%, and Solana’s by 11.58%. The prices of eCash XEC, Helium HNT, and Theta Network THETA have surged the most, up by 18.06%, 17.16%, and 14.17%, respectively.

Similarly, metaverse cryptos are doing well. Flow price is up by 4.99%, Decentraland’s MANA by 8.33%, Tezos XTZ by 11.73%, and ApeCoin APE by 4.52%. Alethea Artificial Liquid Intelligence Token ALI jas undoubtedly experienced the most significant price jump out of all coins used in the metaverse, with the price up by 17.31%.

Seeing as nearly all coins are in the green, it’s no surprise the Metaverse Index price is also on the rise. With a price uptick of 9.24%, it is now trading at $54.48.

While it’s exciting to see all cryptos performing well, it’s too early to make any favorable prognosis. The cryptocurrency market remains volatile, and it’s likely going to be a while before we see a long-term upsurge in prices.

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Any data, text, or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results.

Karolina Gaszcz

Karolina is a writer and journalist with a background in literary studies. She loves exciting tech solutions and art, and NFTs are often a perfect amalgamation of the two. Outside of work, she’s a plant mom, a vintage fashion enthusiast, and a gamer.

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