by Analytics Insight
January 31, 2022
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The crypto market is very volatile and crypto prices can go from extremely high to extremely low in a very short time. January was the most volatile month so far. There were a number of crashes throughout the month, and we are closing this month in the red zone. But what are the major cryptocurrency price updates for 2022? Well, here are the latest price updates for major cryptocurrencies:
The market is bearish and Bitgert is one of the cryptocurrencies that is doing very well in this bear market. Bitgert has been one of the stable cryptocurrencies. In fact, Bitgert was one of the cryptocurrencies on the morning of the 31st Jan was green while most cryptocurrencies were red. Even with the market falling, Bitgert was able to maintain a stable price.
The bearish market situation may not last as long as it has in previous crashes. Already, most of the coins cover today’s dip. With the current trend, prices may soon start to rise, even for Bitgert. With the market stabilizing, Bitgert could be among the most gaining cryptocurrencies.
Centcex’s price stability in the bear market has been impressive. It is one of the few cryptocurrencies, like Bitgert, that previously resisted market forces to keep prices stable. The market is bearish after a weekend in the green, and Centcex is among the cryptocurrencies that are fighting well and remaining very stable.
In fact, Centcex investors came during the bear market to buy when the price is lower. With the Centcex project barely two months old and the first product developing, it has been an ideal crypto investment. The upcoming price surge will be a bullish period for Centcex.
Bitcoin saw a sharp drop in price in the morning that continued for most of the morning before the market stabilized. During the day, Bitcoin made some recovery, but it is still in red as of this writing. Bitcoin has been very crucial when it comes to changing the direction of the market. The bullish Bitcoin projected in 2022 could grow the entire crypto industry.
Bitcoin is trading at $37,425 at the time of writing, and the year-end forecast is above ATH $100,000. Hence, it is still one of the cryptocurrencies to watch in 2022. Once FED and government regulations are established, Bitcoin could experience a bullish explosion.
The price of Ethereum tokens fell today, but this is just one of many times in 2022. Ethereum coin is still in red, but the coin has been recovering for most of the afternoon . Perhaps by the end of the day, Ethereum may have fully recovered from today’s drop.
Ethereum is one of the cryptocurrencies that could do well in 2022. Although the price of ETH at the time of writing was $2,588, the forecast at the end of the year is $8,000 . There are many developments underway, including the platform upgrade that could soon trigger a bullish Ethereum explosion.
The price of the Shiba Inu has gone down since the morning hours of today. Despite the recovery, the cryptocurrency is still in red as of this writing. Shiba is one of the cryptocurrencies that has shown the highest rate of increase. In 2021, the coin reached a 50,000,000% increase at the end of October. But the coin has since fallen.
Shiba Inu still ranks among the top cryptocurrencies of 2022. It has done a lot so far to bring cryptocurrency back to its former glory. Decentralizing the Shiba Inu network with the Doggy DAO was key. The team is also bringing more products to the network to give SHIB more utility. Therefore, the cryptocurrency has the potential to recover from declines.
Dogecoin may be in freefall today and for a few months, but it is one of the cryptocurrencies that could do very well this year. The cryptocurrency is still red, although Dogecoin posted an impressive rally for most of the afternoon. Dogecoin could probably be one of the cryptocurrencies that will manage to recoup the drop at the end of the day,
As of this writing, Dogecoin is trading at 0.1399 according to data from Coinmarketcap. It was only 1.16% in the red. Therefore, the coin quickly comes out of the plunge. There is massive marketing for Dogecoin, with influential individuals like Elon Musk marketing the coin. Therefore, the price of Dogecoin may soon start to rise.
It is clear that Binance coin has been falling over the past few months, with January being one of the most down months so far. The effects of the FED led to a number of massive crashes that took Binance coin to $342 at once. But it is one of the strongest cryptocurrencies and it has managed to wipe out some of the losses so far.
Currently, Binance coin is trading at $378, having recovered from the morning dip. The coin looks set to recover from the drop if the market remains consistent for the rest of the day. Binance is still one of the most sought-after blockchains today, which means stronger BNB.
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