Markets Recover with LINA and NIHAO Dominating

Today’s market session has kicked off characterized by bullish signals as the market cap saw a 1.27% increase in price valuation within a day of trading to take the total cap to $1.14T. Bitcoin (BTC), the crypto king, is also having a rater fruitful session recording mild gains of 0.9% as the asset now trades at $27.1K as of press time. BTC has a current market cap of $526,161,842,382 and a trading volume of $14,571,125,339.

Bitcoin’s volatility levels are however rather stable as the Bollinger bands now move closer to each other indicating reduced volatility. The relative strength index indicator is also moving above its average line, indicating a likely bullish trend as bulls try and push for the overbought region.

The MACD indicator is also moving on the positive region but could soon shift to the negative region leaving out chances of a likely bear market as well.

BTC 1-day chart | Source: TradingView

Altcoin analysis

Ethereum (ETH) has also kicked off today’s session as bulls edge in on reclaiming the$1.9K mark. Currently trading at $1892, ETH was sitting on a 2% gain within a day of trading as the weekly gain stands at 4%. Ethereum has a current market cap of $227,469,534,722 as the trading volume stands at $5,537,837,209.

Other altcoins as well are having a bullish session as Solana (SOL), Polygon (MATIC), and Cardano (ADA) all recorded gains of 1% as Ripple (XRP) gained 2.7% in price valuation within a day of trading.

Litecoin (LTC) is however a notable gainer today recording a 3.7% increase within a day of trading to take its price to $95 as of press time. LTC is sitting on a weekly gain of 10% as the market cap stands at $6,956,209,819 and a trading volume of 73,054,814.23 LTC.

LTC 1-day chart | Source: CMC

The Sandbox (SAND) is another notable gainer in today’s session recording a 6% within 24 hours of trade and a weekly gain of 13% to take its price to $0.5643. On today’s trending list, Linear Finance (LINA) has topped the list once again as the asset now boasts a 12% gain within 24 hours to take its price to $0.02533 with a total cap of 140.23M and a circulating supply of 140.23M within a day of trading.

LINA 1-day chart | Source: CMC

NiHao (NIHAO) coming in as the second most trending token has also recorded massive gains as of today’s market session recording a 144% increase within a day of trading to take its price to $0.00000001095 as of press time.

Source