Cryptocurrency Price Update (5/30): Top Crypto Rates re-bounce; SOL,
Cryptocurrency Price Update (5/30): Top Crypto
Rates re-bounce; SOL, ADA, DOT, AVAX rise upto 10%
After another round of crashes in the last few days, the global crypto market cap has recovered. According to CoinGabbar, the crypto market cap was $1.25 trillion at the time of writing, up 4.43 per cent from the previous day.
Following a catastrophic meltdown and widespread dread, the crypto market has been unable to rebound for several weeks, remaining stuck in the $1.20-$1.31 trillion region, with analysts predicting that recovery will take longer this time.
Meanwhile, the price of Bitcoin (BTC) has risen 4.27 per cent in the last 24 hours, putting it back above $30,000 for the first time.
Over the last 24 hours, the entire cryptocurrency market volume climbed by 4.74 per cent to $53.47 billion. The overall volume in DeFi was $5.55 billion, or 10.37 per cent of the total 24-hour volume in the crypto market. The 24-hour volume of stable coins was $45.25 billion, accounting for 84.62 per cent of the total crypto market volume.
Bitcoin’s dominance as a top crypto asset is currently at 45.16%. In the last seven days, the price of Bitcoin has climbed by 0.04 per cent. Bitcoin was worth $30,302 at the time of writing.
Most traders have taken a risk-off stance after seeing 9 weeks of negative results. Though stocks in the United States and around the world recovered and ended the week with their first weekly rise since late March, the crypto markets did not.
Altcoins also underperformed over the weekend. Terra's new blockchain went live, and the price of both the LUNA Classic and LUNA 2.0 tokens plummeted. What's clear is that the crypto community is still wary of the project's reliability in the aftermath of the UST De-pegging debacle.
Top Crypto Rates
Ethereum (ETH): Ethereum price increased by 3.43% to $1874 in the last 24 hours. In the last 7 days, ETH price has decreased by 7.41%. Ranked 2nd as market capitalization at CoinGabbar.
Binance (BNB): Binance Chain coin’s price increased by 3.66% to $316 in the last 24 hours. In the last 7 days, bnb price has decreased by 0.63%. Ranked 5th as market capitalization at CoinGabbar.
XRP: XRP coin’s price increased by 2.03% to $0.3907 in the last 24 hours. In the last 7 days, XRP price has decreased by 4.51%. Ranked 6th as market capitalization at CoinGabbar.
Solana (SOL): Solana price increased by 1.76% to $45.77 in the last 24 hours. In the last 7 days, SOL price has decreased by 9.44%. Ranked 5th as market capitalization at CoinGabbar.
Cardano (ADA): Cardano token’s price increased by 6.5% to $0.5111 In the last 24 hours. In the last 7 days, ADA price has decreased by 4.77%. Ranked 8th as market capitalization at CoinGabbar.
Popular memecoin Dogecoin’s (DOGE) price increased by 1.69% in the last 24 hours. Ranked 11th as market capitalization at CoinGabbar.
Prices of Polkadot (DOT) increased by 2.02% to $10.15 while Avalanche (AVAX) increased by 2.70% to $26.55. Ranked 10th and 15th as market capitalization at CoinGabbar.
Polygon (Matic) price increased by 4.15% to $0.6246 in the last 24 hours. Ranked 21th as market capitalization at CoinGabbar.
