The global crypto market has witnessed a positive change over recent hours. The performance of Bitcoin and others shows bullishness. In comparison, Binance Coin has faced a recessive trend due to turbulence in the market. The negative impacts of FTX collapse and other major problems continue, affecting the performance of various coins. There is hope that the current instability will be gone soon.
MakerDAO has consolidated governance tasks after the vote. The mentioned blockchain has reportedly planned to implement eight community-approved governance improvements in the most significant deployments of 2022. The delegates of the blockchain cast their vote on 11 December. The package includes various changes, like the introduction of the Gnosis token as the collateral for DAI. Further changes include the increase of savings rate from 0.01% to 0.1% and a remuneration plan for the approved delegates.
The DAO had plans to employ GNO to generate DAI, its stablecoin, as previously disclosed by media outlets. When the proposed endeavor is complete, the total of $103,230 will be divided amongst the 20 Maker delegates. The mentioned compensation is meant to encourage authorized delegates to vote consistently. A delegate is a trusted member of the Maker community that can vote on behalf of all Makers in the MakerDAO.
Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Binance Coin, and others.
BTC crosses $17.4K
Bitcoin price has broken higher as the Wallstreet expectations on US CPI inflation rise. The data release for November shows that there has been a considerable improvement. The value of Bitcoin jumped the month’s high as a result of recent changes.
The latest data shows that Bitcoin has performed considerably better. The latest data shows that it has added 2.65% over the last 24 hours. The seven-day data for Bitcoin shows that it has added 2.41%.
The price value of BTC is currently in the $17,418.73 range. The market cap value of Bitcoin is estimated to be $335,006,401,885. The 24-hour trading volume of Bitcoin is about $20,706,112,800.
BNB in losses
Justin Sun has deposited $100 million to Binance amidst the FUD campaign. Tron founder Justin Sun tweeted on 13 December regarding the deposit to ensure that the FUD campaign is defeated. Binance withdrawals increased due to increased rumors after the SBF arrest.
The performance of Binance Coin has seen a decline as the recession continues. The latest data shows that it has shed 4.09% in a day. The seven-day data shows that it has declined by 7.96%.
The price value of BNB is currently in the $265.54 range. The market cap value of Bitcoin is estimated to be $42,478,106,718. The 24-hour trading volume of the same coin is about $3,048,989,962.
LINK consolidating value
Chainlink has also been consolidating value as the market remains favorable. The latest data shows that it has added 1.56% over the last day. The seven-day data shows that it has shed 7.24%. The price value of LINK is currently in the $6.71 range.
The market cap value of Chainlink is estimated to be $3,409,299,244. The 24-hour trading volume of this coin is about $201,635,762. The same amount in its native currency is about 29,977,769 LINK.
ATOM faces decline
Cosmos has been on the declining side due to the negative trend. The latest data shows that it has regressed by 1.57% over the last 24 hours. The seven-day data shows that it has shed 7.60%. The price value of ATOM is currently in the $9.38 range.
The market cap value of Cosmos is estimated to be $2,687,468,859. The 24-hour trading volume of this coin is about $114,008,856. The circulating supply of the same coin is about 286,370,297 ATOM.
Final Thoughts
The performance of the global crypto market has seen an improvement as the overall metrics show gains. The performance of Bitcoin shows improvement while the value of Binance Coin and some others has lowered. The uncertainty is there due to the FUD created after the arrest of SBF. The recent changes show that the global market cap value has also improved. The latest data shows that it is estimated to be $856.61 billion.
