October 30 Crypto Prices Show that the Market has a Positive Attitude

Crypto News – It appears that investors are placing their chances on riskier assets because the cryptocurrency prices were up on Monday, October 30.

October 30 Crypto Prices Show that the Market has a Positive Attitude

Because the Fed’s position at their next meeting later this week could either support or undermine the current rise, market players are anxious to see what the Fed will say. The way the Fed responds to persistently high inflation and its strategy to reduce it will be widely monitored by investors. The market expects another rate hike by year’s end, but any further dovish or hawkish signal may have a significant impact on the whole financial system, not just the cryptocurrency space.

However, the market has also risen as a result of the increases in major cryptocurrency prices. The market’s fear and greed index reading was 72, indicating a “greedy” feeling, and the global cryptocurrency market cap was up 0.43% from yesterday to $1.26 trillion. In the meantime, the market capitalization of all cryptocurrencies increased to $28.97 billion, up 24.98% in just one day.

Pepe Coin Price Analysis

Monday’s favorable performance of Pepe Coin, a well-known meme coin, suggests that investors are placing their money in the riskier areas of the market. While this article was being written, the Pepe coin’s trading volume dropped by 0.53% to $110.28 million, and its price decreased by 0.20% to trade at $0.000001146. The cryptocurrency has gained 55.19% in value during the last seven days.

Axie Infinity (AXS) Price Analysis

As of writing on October 30, the price of the well-known web3 gaming cryptocurrency, Axie Infinity, had increased by 15.97% to $5.82, while its volume had increased by 420.35% to $260.82 million. This increase in volume pushed it to 13th place in the CoinMarketCap volume rankings. The play-to-earn (P2E) and web3 gaming sectors appear to have generated a bullish momentum that has propelled the cryptocurrency’s price increase, despite the fact that no clear news has been released on it.

Gala (GALA) Price Analysis

Gala, a different web3 gaming cryptocurrency, saw gains of 11.72% and was among the top gainers today as of writing, trading at $0.02041 as of this writing. The cryptocurrency’s market cap increased by 11.83% to $516.98 million during writing, while its volume shot up 292.64% to $265.11 million.

Decentraland (MANA) Price Analysis

Investor trust in the blockchain gaming space is expanding, as seen by the fact that the cryptocurrency Decentraland was also among Monday’s top gainers. While its volume over the previous day surged 253.09% to $129.66 million, the price of Decentraland saw gains of 5.79% to $0.3729 as of writing.