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The cryptocurrency market has been in a long winter since the middle of this year. But in the third quarter of 2022, things started to get better after the long winter. After a long period of chaos that drove Bitcoin’s price below $20 and caused the market as a whole to crash, investors still don’t know what’s going on. But experts think that the hardest part should be over at this point. After Tesla sold off 75% of its BTC on July 21, the market went down again. But Coinmarketcap says that coin prices are going up by a total of 2.47 percent today, July 22. Speaking of prices, there are articles online that discuss the factors that affect cryptocurrency prices the most.
In the next three months, will more money be lost?
In June, the price of Bitcoin dropped by about 38%, which is one of the biggest drops in a single month in the history of the currency. In terms of price, this was one of the worst months in the coin’s history.
The price of bitcoin has been stable for the past week, which has helped it make up for its losses this month and stay close to its all-time high of $20,000 in 2017.
During the last week, the price dropped to $18,741 for a short time in the middle of the week before going back up to $19,139 at the end of the week. At the time this article was written, the daily price window showed that bitcoin had gone up by 4.20 percent, bringing its price to $19,926.
Even though the most valuable asset now sells for 71.20 percent less than its all-time high of $69,000, the price is still stuck in a narrow range between higher $21,600 and lower $18,550.
Check out the top five cryptocurrencies, all of which are improving:
1. Dogecoin
In the last 24 hours, Dogecoin has been traded for $427,820,678 USD. One Dogecoin is worth $0.070147 USD right now. Because the “Doge” internet meme is so popular, Shiba Inu was chosen as the mascot for the Dogecoin (DOGE) cryptocurrency.
On its chart, the price of dogecoin showed a small downward trend after going up quickly. Most people who moved the market today did it in the wrong way. At the moment, Dogecoin (DOGE) is getting support near $0.06. A meme-coin used to cost a little more than $0.07 not too long ago.
2. Tether
The price of Tether on the market right now is one US Dollar (USD), and 52,939,148,628 USD is traded every 24 hours. Tether is an extra token for Ethereum that moves less than most other digital currencies. People have said that the most stable coin is Tether, which is backed by the dollar. Because of this, one Tether coin only costs a dollar.
On the other hand, some investors might find stablecoin strange. Some cryptocurrencies are made so that people who buy them can make a lot of money from their investments. Tether, on the other hand, is made to help people who hold onto their tokens for a long time.
3. FTX Token
The FTX token, which is the platform’s own currency, is used to buy and sell cryptocurrencies. In the past few years, a lot of futures traders have come to this exchange. Everyone knows that FTX is the fourth most-traded cryptocurrency based on how much it is bought and sold. Most of the time, Ethereum whales would use the FTX exchange because it gives them a chance to earn rewards that help them move up in the FTT.
4. Aventus
Aventus was one of the coins that did the best after the crash of the crypto market. It is a layer-2 blockchain system that lets Ethereum transactions grow, cost less, and happen at the right time. Some of Ethereum’s problems can be fixed by building on top of the Ethereum network with the layer-2 protocol. People know that the apps work well with other blockchain technologies and are easy to use.
5. Bitcoin
Bitcoin is currently worth $23,114.61 USD and has been traded for $32,105,731,575 USD in the last 24 hours. When Bitcoin hit a wall at $24,000, it started going down against the US Dollar. BTC is getting offers for around $22,500, which could mean that it’s about to start going up again.
