SHARE
this page
FacebookTwitterLinkedInWhatsAppTelegramMessenger

Crypto Outlook

  

-BTC: $27,750.73

-ETH: $1,762.68

-XRP: $0.4485

-LTC: $92.77

The global crypto market cap is $1.16T, a 0.63% increase over the last day.

The total crypto market volume over the last 24 hours is $33.41B, which makes a 16.85% decrease.

BTC: BTC price increased by 0.95% and 0.95% over 24 hours and in the past seven days. The asset reached a low and high of $27,196.23 and $28,178.14, respectively.

BitDeer, a crypto mining firm, has revealed that it has considerably increased the mining capacity of its site in Texas. As per BlocksBridge, the operational capability of the Rockdale site was 386 MW in June. However, it was raised to 562 MW by the second half of 2022, resulting in a growth of 45%.

The report noted that a significant portion of BitDeer’s expansion in the previous year was driven by the construction of its site in Rockdale. It is worth mentioning that Riot Blockchain, the most significant Bitcoin miner in terms of market capitalization, also claims to have developed a capacity of 700 MW in the same Texas city.

ETH: ETH price increased by 0.82% and decreased by 1.70% over 24 hours and in the past seven days. The asset reached a low and high of $1,716.65 and $1,797.88, respectively.

zkSync Era, the latest Ethereum scaling solution, will be available on the public mainnet starting this Friday. The project was initially launched for developers only last month under the name zkSync 2.0, but it is now opening up to general users after being rebranded as zkSync Era.

One notable feature of zkSync Era is its completely open-source code, which the team believes sets it apart from other solutions.

Zk-rollups are a type of blockchain scaling system that utilizes zero-knowledge proofs. With zkEVM, these are unique types of zk rollups that work with the Ethereum Virtual Machine (EVM). This compatibility enables developers familiar with the EVM ecosystem to create or reconfigure applications more efficiently. While zk rollups have been in use by developers for some time, there has not been one available to users that is compatible with EVM until now.

XRP: XRP price decreased by 2.99% and increased by 13.46% over 24 hours and in the past seven days. The asset reached a low and high of $0.3738 and $0.3967, respectively.

Over the last seven days, Ripple (XRP) has been the top-performing cryptocurrency among the top 10 assets, with a gain of over 21%, according to data from BeInCrypto.

This positive price performance is supported by Lunar Crash data, which shows a significant increase in XRP’s social metrics. The data aggregator has ranked XRP as the number one digital asset based on market and social performance, outpacing all other cryptocurrencies it tracks.

Lunar Crash reports that XRP’s social volume has reached 5,967, with 14.9 million social engagements over the last 24 hours. Additionally, its social engagement has increased by 105.9% to 245.57 million over the past week, while its mentions have grown by 26.4% to 80,720.

During this period, XRP had up to 3,440 unique social contributors per hour, with many supporters of the XRP community actively promoting the token on social media platforms in anticipation of a positive outcome in Ripple’s ongoing case against the U.S. SEC.

LTC: LTC price increased by 0.04% and 8.65% over 24 hours and in the past seven days. The asset reached a low and high of $90.42 and $94.64, respectively.

Litecoin (LTC) stood out on March 23, bucking the broader market trend after the Federal Reserve raised interest rates. LTC surged by 13.78%, outperforming the likes of Bitcoin and Ethereum.

On-chain data indicates that there has been an increase in the supply of Litecoin held by addresses with a balance between 1 million and 10 million LTC in March. However, the share of supply held by addresses with a balance between 100,000 LTC and 1 million LTC has decreased. Additionally, Whale Alert reported that Binance transferred 122,769 LTC worth $11,398,997 to an unknown wallet.

While LTC has gained investors’ confidence and outperformed BTC, caution is advised. It appears that investors consider LTC a promising short-term investment.


Vantage does not represent or warrant that the material provided here is accurate, current, or complete, and therefore should not be relied upon as such. The information provided here, whether from a third party or not, is not to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any financial instruments; or to participate in any specific trading strategy. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. We advise any readers of this content to seek their own advice. Without the approval of Vantage, reproduction or redistribution of this information is not permitted.

Trading Experience Plus

Previous
Next

Fast & easy account opening

  • Register

    Choose an account type and submit your application

  • Fund

    Fund your account using a wide range of funding methods

  • Trade

    Access 500+ instruments across all asset classes on MT4/MT5

That's it, it's that easy to open a Forex and CFD trading account.
Welcome to the world of trading!
Open Live Account

Contact Us

  • General Enquiries

    We are here to provide you with a successful trading journey from account opening to funding and trading.

    [email protected]
  • Premium Clients

    If you are interested in becoming a premium to unlock your extra services as a high-volume trader or joining Vantage Club, please email us below.

    [email protected]