The Bitcoin (BTC) price has remained relatively unchanged on the 24-hour chart, down 0.56% to around $ 33,200 at the time of writing.

The cryptocurrency market trades flat on July 2 as the US July 4 weekend approaches. The low trading volume coincided with a small drop in the total market value of cryptocurrencies by $ 5 billion to its current value of $ 1.378 trillion.

Daily indicators for the cryptocurrency market. Source: Coin360
Despite market difficulties as a whole, data from Cointelegraph Markets Pro has shown bullish developments in Axie Infinity (AXS) and Waves (WAVES) thanks to recent developments related to non-perishable tokens.

Axie Infinity (AXS)
Axie Infinity is a blockchain-based fighting and trading game that allows players to collect, breed, breed, fight and trade token-based items known as Axies. Since the price level of AXS rose to $ 2.85 on June 22, when BTC fell below $ 29,000, AXS has risen 125% to a high of $ 6.40 on July 2 as demand for Axies continues to increase.

VORTECS fra data from Cointelegraph Markets Pro began to define the optimistic outlook for AXS on June 29 before the recent price increase.

Exclusive to Cointelegraph, VORTECS ™ is an algorithmic comparison of historical and current market conditions derived from a number of data points, including market sentiment, trading volume, recent price movements and Twitter activity.

Prices VORTECS ™ (green) versus AXS price. Source: Cointelegraph Markets Pro
As shown in the chart above, the VORTECS ™ result for AXS was first highlighted in green from June 26, when the price of AXS began to rise slowly and finally peaked at 83 on June 29, when the price began to rise another 45%. over the next three days.

At the time of writing, the VORTECS ™ result for AXS has risen to a new high of 86, indicating that the Axie Infinity price has even greater upside potential based on the coin’s previous price movement.

waves
Cointelegraph Markets Pro also identified waves as a strong momentum after the VORTECS result result was upbeat at the end of June.

Prices VORTECS ™ (green) versus WAVES price. Source: Cointelegraph Markets Pro
As shown in the chart above, market conditions for WAVES were favorable during the last month of June: On 27 June, VORTECS reached a peak of 83, just four hours before the price was to increase by 35% over the next three days. … From $ 13.31 to $ 17.75.

The VORTECS for score for WAVES on July 2 rose again to 83, indicating that the optimistic case for WAVES continues.

Bitcoin hovers around $ 33,500
The general weakness of the altcoin market stems from the bitcoin price struggling below $ 33,400, as many traders seem to have started their weekends early.

RELATED: 44% of Investors Expect Bitcoin to Fall Below $ 30,000 in 2021: CNBC Survey

4-hour BTC / USDT chart. Source: TradingView
Data from Cointelegraph Markets Pro and TradingView shows that BTC traded in a narrow range of $ 32,650 to $ 34,000 on July 2 as traders await a major news event or network development to trigger a significant price movement for the leading cryptocurrency.

The current market sentiment is marked by uncertainty, as shown in the next tweet by Philbfilb, an independent market analyst and co-founder of the Decentrader trading group, who “does not know what will happen next” and “looks at the blood.” ”

Long weekend in the USA.

The ability to move the market where people want to fill.

Looking at where we are, Max, think, probably …

There is a lot of liquidity nearby.

I have not decided what will happen next … the yellow track will be very funny, I’m waiting for what’s going to happen, I’m looking at the blood. pic.twitter.com/VbIRiI32xz

– f i l ₿ f i l ₿ (filbfilb) July 2, 2021
The total market value of cryptocurrency is now $ 1.373 trillion, and bitcoin dominance is 45.5%.

Source: CoinTelegraph

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