Portal To Bitcoin (PTB) is currently trading at $0.04790, marking a 79.64% increase over the past 24 hours. This expansion is accompanied by a substantial trading volume, which has increased by 17.72% and is currently standing at $90.86 million. The sharp price and volume increase is an indication that the market is interested in PTB.
Source: CoinMarketCap
Although its daily gain is impressive, PTB has fallen by 0.18% in the last week. This near-term uncertainty indicates that there is poor market sentiment and traders are risk-averse. A significant number of investors are eager to observe indications of stability, as PTB continues to experience price fluctuations.
BATMAN, a crypto analyst, highlighted that with recent additions of PTB to significant exchanges such as Binance, Kraken, Bitget, KuCoin, and MEXC, new interest has arisen. These two-day-old listings have increased the token’s reach. Analysts feel that these actions will increase liquidity and lead to increased visibility in the market.
Source: X
The coin has gone through a few setbacks since the Binance Alpha airdrop, and the analyst is not pessimistic. He indicated that the token has now escaped its past price battle. The token is experiencing an upward trend after a rounded bottom. Analysts noted that the price of the token would fall to $0.1 or more in the event that the overall market environment is healthy.
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Another analyst, Drop Bureau, mentioned that PTB is underestimated at a price of less than 0.03. Additionally, he emphasized the tremendous amount of support that the project had received and the $92 million that had been raised thus far. Although the cryptocurrency project is in its early stages, the team that is responsible for its development is quite robust.
Source: X
According to CoinGlass data, the trading activity of cryptocurrency increased significantly. The trading volume has increased by 224.84% to $996.88 million. Open interest has also risen by 305.10%, which stands at $37.93 million. The OI-weighted funding rate stands at -0.3467%, however, showing that the market is a bit cautious regardless of the positive trends.
Source: CoinGlass
The high price movement and rising volume of trading activities are signs that the token has good momentum. The new exchange listing and favorable analyst projections most likely indicate that the token has a bright future. With the interest still increasing, cryptocurrency may gain much more in the next few weeks.
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