Ethereum climbs, XRP soars, cardano shoots up like a rocket
Bitcoin (BTC) made another nice jump last night, pulling many altcoins with it. Still, a number of cryptocurrencies are lagging behind today while some prices are shooting off. The total market cap of all crypto is up 2.7% to...
Bitcoin (BTC) made another nice jump last night, pulling many altcoins with it. Still, a number of cryptocurrencies are lagging behind today while some prices are shooting off. The total market cap of all crypto is up 2.7% to $1.37 trillion.
📈Market Overview#BTC price trades above $31K
The Top 10 are traded in the green zone $ADA +25.1%, $XRP +6.4%, $ETH+5.6%
Market cap: $1.39T (+4.60%) $BTC dominance: 43.34% (-0.31%)
Fear & Greed Index: 16 (Extreme Fear)
Full Report👉https://t.co/nM7ODhFfds pic.twitter.com/K6ejTuHHgF
— CryptoRank Platform (@CryptoRank_io) May 31, 2022
Ethereum up 3%
Ethereum (ETH) dipped to $1,720 for the weekend, its lowest price since March 2021. However, ETH was able to recapture $1,800 on Sunday and shot to $1,900 by Monday morning. There the price briefly encountered resistance, but later broke through it and then encountered resistance around $1,930. ETH also broke through there and then rocketed to a peak just above USD 2,000. There, however, the resistance was still too strong and ETH is down slightly this morning. The price is currently looking for support around $1,960-$.1970, with ETH up 3% today.
📣 Ropsten Merge Announcement
Ethereum’s longest lived PoW testnet is moving to Proof of Stake! A new beacon chain has been launched today, and The Merge is expected around June 8th on the network.
Node Operators: this is the first dress rehearsal💃https://t.co/0fDHObLOmn
— Tim Beiko | timbeiko.eth 🐼 (@TimBeiko) May 30, 2022
AVAX, TRX, SHIB in red
However, Avalanche (AVAX) is plunging faster this morning. AVAX peaked at $28.9 early this morning and is currently falling to $26.8, bringing the price down 2.6% today. Tron (TRX) already peaked around $0.084 shortly before midnight and is currently falling to $0.080, with the price down 2.2%. Shiba inu (SHIB) also rose last night but fell this morning. SHIB comes in at $0.00001185 and is down 1.3%.
SOL, BNB, DOT, DOGE something in the plus
Solana (SOL) broke through $47 again yesterday, but was rejected at $48. SOL currently stands at $46.5, slightly above the price it was 24 hours ago. Binance coin (BNB) briefly broke through $320, but is now falling slightly below and is also at about the same price as 24 hours ago. Polkadot (DOT) also corrects this morning, but is still in the plus and currently holding above $10.3. We see such a move in dogecoin (DOGE) which is also slightly in the plus, but is currently dropping to $0.086.
XRP and ADA rise sharply
Ripple (XRP), on the other hand, is holding up well this morning. XRP briefly peaked at $0.43, but then quickly found support around $0.42, bringing the price up 5.4% today. Cardano (ADA) even shoots off like a rocket today. ADA currently stands at $0.66, which is a whopping 27% above the price it was 24 hours ago.
#cardano is one of many #altcoins that have enjoyed a great start to the week, currently +13% in the past 24 hours. Development activity has hit #AllTimeHigh levels, as $ADA‘s team worked on innovating while prices were suppressed.https://t.co/kSqbhUZOe8 pic.twitter.com/XiFVl0NK2M
— Santiment (@santimentfeed) May 30, 2022
Crypto top 100 hardest fallers and risers
Besides tron (TRX), zcash (ZEC), tezos (XTZ), bitdao (BIT) and elrond (EGLD) are also about 2 to 3% down today. Evmos (EVMOS) is 5% down today, but still 99% in the plus this week. Everdome (DOME) drops by no less than 14%, but it is of course terra luna classic (LUNC) that takes the heaviest blow. LUNC rose sharply yesterday, but is down a whopping 22% today. The new LUNA token was able to rise last night and is 40% in the plus today.
In addition, enjin coin (ENJ) and internet computer (ICP) are 9% in the plus, near (NEAR) 10% and aave (AAVE) 14%. Axie infinity (AXS) is even 25% in the plus today, but waves (WAVES) is the biggest outlier today. The WAVES price is no less than 60% in the green compared to 24 hours ago. Despite this, WAVES is down 86% from its all time high, which had reached the rate only two months ago.
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