Connect with us

News

Cryptocurrency Market Analysis: Top 5 Gainers of May 2021

Published

on

Jun 02, 2021 at 13:50 // News

Who is the biggest gainer of May?

A variety of cryptocurrencies have registered bullish gains in May 2021. In the past 30 days, the entire crypto market cap shrunk from $2.184 trillion to now $1.661 trillion, indicating a loss of over 31%.

CoinIdol, a world blockchain news outlet, created an overview of the top 5 cryptocurrency gainers among the top 100 coins that performed best based on the data by CoinMarketCap.

Screenshot_2021-06-02_Global_Cryptocurrency_Market_Charts_CoinMarketCap.png

Some coins such as YFIDOWN have gained up to +320055%, Dopple Finance (DOP) increased by 1663%, Starbase (STAR) gained by +1088%, Kishu Inu (KISHU) soared by 815% and ALLY (ALY) gained by 764%.

206.PNG

The best performer among the top 10 tokens was Cardano, which gained by over 32%, followed by Dogecoin (DOGE) with 1.42%, Tether (USDT, +0.03%), and USD Coin (USDC, +0.003%).

SHIBA INU

SHIBA INU (SHIB), a crypto sitting in Rank #31, was the best performer in the past 30 days, and it managed to gain by about +412.76%. At the beginning of May, its price was $0.00000203. The coin closed the month at $0.00000928. Its 24 hour price is standing at about $0.000009038 (+4.33%), with a market cap (MC) of $3,575,884,140 (+4.28%) and 24h volume of $675,961,465 (-35.41%). 

Screenshot_2021-06-02_SHIBA_INU_price_today,_SHIB_live_marketcap,_chart,_and_info_CoinMarketCap.png

Even though the trading volume for SHIB is falling, it is still bigger than that of its top rivals including Maker (MKR, volume of $173.97M), Neo (NEO, vol of $460.69M), Dai (DAI, $363.53M), Monero (XMR, $273.7M), Aave (AAVE, $520.21M), Filecoin (FIL, $599.17M), Wrapped Bitcoin (WBTC, $128.36M), THETA (THETA, $478.36M), Solana (SOL, $353.78M), Internet Computer (ICP, $142.41M), and Uniswap (UNI, $650.23M).

The MC for SHIBA INU needs to just double if it wants to surpass Wrapped Bitcoin that is currently occupying Rank #22.

SHIB’s 30d low and high was $0.0000014 and $0.0000388 (the coin has plummeted by over 76.7% since it traded at this price about 22 days ago), respectively, and it’s now eying to touch above $0.00004. 

One of the reasons why SHIB is performing well in the market is that billionaires including Vitalik Buterin and celebrities are promoting and investing in it. For instance, the American rapper Meek Mill aka Robert Rihmeek Williams posted on Twitter that he is planning to buy Shiba Inu, a main competitor of Dogecoin.

Polygon

Polygon (MATIC), a cryptocurrency occupying Rank #15 by market cap, managed to skyrocket by over 110.49% in the past 30 days. The price of MATIC opened the month at $0.82 (at a market cap of $4.082B and volume of $966.7M) and closed it at $1.88 (with a market cap of $11.779B and volume of $3.157B).

At press time, Polygon is trading in red at about $1.82 (-1.21%), with a market capitalization of $11.346B and 24h volume of $1.843B.

Screenshot_2021-06-02_Polygon_price_today,_MATIC_live_marketcap,_chart,_and_info_CoinMarketCap.png

Polygon’s 30d low and high price was $0.6908 and $2.68, respectively. The all-time high (ATH) of $2.68 was recorded about 15 days ago, meaning that May was a bullish trading period for MATIC. However, since that time when MATIC hit a new ATH, its price has plummeted by over 31%.

The market cap for Polygon has to gain by $4.21B if it wants to be among the top 10 tokens by market cap. That implies that it would have displaced Uniswap that currently has a market cap of $15.56B.

Telcoin

In the past 30 days, Telcoin (TEL), a token in Rank #60 by MC, gained by over 107.69% making it to be the third-best performer among the top 100 coins globally. TEL opened May with the price of $0.009573 (with a market cap of $570M and volume of $44.069M) and closed it with $0.03 (with a market cap of $1.71B and vol of $50.569M).

Screenshot_2021-06-02_Telcoin_price_today,_TEL_live_marketcap,_chart,_and_info_CoinMarketCap.png

At press time, Telcoin is changing hands at around $0.0321 (+3.2%), with a market cap of $1.668B (+3.55%) and 24h volume of $41M (-18.7%). In May, Telcoin recorded a low price of $0.0123 and an all-time high of $0.0649 (hit 22 days ago).

Ethereum Classic

In the past 30 days, Ethereum Classic (ETC), a cryptocurrency in Rank #20 by market capitalisation, surged by over 38.96% making it to be the fourth-best performer among the top 100 digital currencies worldwide. ETC opened the month of May with the price of $36.33 (with a market cap of $5.188B and volume of $4.173B) and closed it with $70.22 (with a market cap of $8.167B and vol of $3.476B).

Screenshot_2021-06-02_Ethereum_Classic_price_today,_ETC_live_marketcap,_chart,_and_info_CoinMarketCap.png

At the time of writing, ETC/USD price is sitting at $68.44 (2.41%), with a market cap of $7.96B (+2.51%) and volume of $2.772 billion (-19.08%). The price of Ethereum Classic hit a 30d low and a high of $40.24 and $176.16 (and its ATH that was recorded on May 6, this year). ETC is now aiming at trading above $180.

Cardano

In May, Cardano (ADA), a digital currency in Rank #5 by market cap, skyrocketed by about 31.99% making it to be the 5th best performer among the top 100 cryptos globally. ADA opened May with the price of $1.35 (with a market cap of $43.228B and 24h volume of $2.03B) and closed it with $1.74 (with a market cap of $55.678B and vol of $4.491B).

Screenshot_2021-06-02_Cardano_price_today,_ADA_live_marketcap,_chart,_and_info_CoinMarketCap.png

Currently, Cardano is changing hands at about $1.78 with a 24h gain of 5.13%, a market cap of about $56,813,487,204 (+4.9%). Nevertheless, its volume is in red after declining by about 10.77% in the last 24 hours to stand at $3,834,161,938.

Cardano’s 30d low and high price was $1.03 and $2.46, respectively – and this turned out to be its new ATH price, and was recorded about 17 days ago.

Source: https://coinidol.com/cryptocurrency-gainers-may/

Blockchain

Cardano to Make “Industry Defining” Announcements At Upcoming Summit

Cardano Summit Announcements

Rate this post The team behind Cardano blockchain has promised “industry-defining” announcements at its upcoming summit —  which is due to take place on September 25-26. Cardano Will Make “Industry Defining” Announcements At Upcoming Summit Cardano is promising “industry-defining” announcements for the potential attendees of its Cardano 2021 Summit — a hybrid event being organized across six destinations in Africa, Europe, and the US. The summit will feature both in-person and online events, which will combine the experience of a traditional conference with virtual worlds. Additionally, online participants will have the opportunity to leverage social and interactive tools used previously by the likes of Google.  “Don’t really want to brag or anything but…some of the partnerships we’re announcing at the [Cardano Summit] will blow people’s minds. Really grateful for the chances we at [Cardano Stiftung] have to change the world for the better and have fun together. Tune in,” Cardano Foundation’s Head of Brand and Communications Sidney Vollmer tweeted last week. Cardano Summit is expected to feature several industry experts, top developers, and specialists working with blockchain technologies. Many of them will address important subjects such as the future of national currencies and art in the age of crypto and NFTs.  Recently, Cardano’s founder Charles Hoskinson reflected on the network’s journey and the significance of the upcoming summit. He noted: “The Cardano summit 2021 follows the launch of smart contract capabilities on Cardano, and a remarkable six years of intensive development and peer-reviewed academic research to create a third-generation blockchain platform which is not only eco-friendly but provably secure.” Alonzo Upgrade Represents “a Huge Leap Forwards”: Hoskinson The Cardano Summit has come on the heels of a major upgrade in the network, which introduced smart contracts capabilities to it.  In Hoskinson’s view, the Alonzo upgrade is a “huge leap forward in terms of bringing price stability to the smart contract network as well as addressing the present energy issues.” He expects the feature to enable “hundreds of groundbreaking innovations” on Cardano that will extend beyond the field of blockchain. Notably, Alonzo’s implementation hasn’t been entirely smooth. Earlier this month, decentralized exchange MiniSwap had to suspend its operations on the network due to “concurrency issues.” Meanwhile, three notable DeFi platforms Sundaeswap, Maladex, and OccamFi reported that they have found a workaround solution to the issue. 

The post Cardano to Make “Industry Defining” Announcements At Upcoming Summit appeared first on Cryptoknowmics-Crypto News and Media Platform.

Published

on

The team behind Cardano blockchain has promised “industry-defining” announcements at its upcoming summit which is due to take place on September 25-26.

Cardano Will Make “Industry Defining” Announcements At Upcoming Summit

Cardano is promising “industry-defining” announcements for the potential attendees of its Cardano 2021 Summit — a hybrid event being organized across six destinations in Africa, Europe, and the US.

The summit will feature both in-person and online events, which will combine the experience of a traditional conference with virtual worlds. Additionally, online participants will have the opportunity to leverage social and interactive tools used previously by the likes of Google. 

“Don’t really want to brag or anything but…some of the partnerships we’re announcing at the [Cardano Summit] will blow people’s minds. Really grateful for the chances we at [Cardano Stiftung] have to change the world for the better and have fun together. Tune in,” Cardano Foundation’s Head of Brand and Communications Sidney Vollmer tweeted last week.

Cardano Summit is expected to feature several industry experts, top developers, and specialists working with blockchain technologies. Many of them will address important subjects such as the future of national currencies and art in the age of crypto and NFTs

Recently, Cardano’s founder Charles Hoskinson reflected on the network’s journey and the significance of the upcoming summit. He noted:

“The Cardano summit 2021 follows the launch of smart contract capabilities on Cardano, and a remarkable six years of intensive development and peer-reviewed academic research to create a third-generation blockchain platform which is not only eco-friendly but provably secure.”

Alonzo Upgrade Represents “a Huge Leap Forwards”: Hoskinson

The Cardano Summit has come on the heels of a major upgrade in the network, which introduced smart contracts capabilities to it. 

In Hoskinson’s view, the Alonzo upgrade is a “huge leap forward in terms of bringing price stability to the smart contract network as well as addressing the present energy issues.” He expects the feature to enable “hundreds of groundbreaking innovations” on Cardano that will extend beyond the field of blockchain.

Notably, Alonzo’s implementation hasn’t been entirely smooth. Earlier this month, decentralized exchange MiniSwap had to suspend its operations on the network due to “concurrency issues.” Meanwhile, three notable DeFi platforms Sundaeswap, Maladex, and OccamFi reported that they have found a workaround solution to the issue. 

PlatoAi. Web3 Reimagined. Data Inteligence Amplifed.
Click here for Free Trial.

Source: https://www.cryptoknowmics.com/news/cardano-to-make-industry-defining-announcements-at-upcoming-summit/

Continue Reading

Blockchain

Ripple Partners with Bhutan’s Central Bank, XRP Jumps

The Bank will use the CBDC solution of Ripple to pilot a central bank digital currency in phases.

Published

on

Ripple, one of the world’s leading blockchain firms, recently announced a collaboration with the Royal Monetary Authority (RMA), the central bank of Bhutan. According to the partnership, the central bank will use Ripple’s CBDC solution to enhance financial inclusion and sustainability. Following the recent announcement, the price of XRP jumped significantly.

Bhutan is planning to expand its digital and cross-border payments infrastructure through Ripple’s innovative technology. The country will use Ripple’s solution to pilot a central bank digital currency in different phases. The CBDC solution of Ripple leverages a private version of the public, open-source XRP Ledger (XRPL).

Since the start of 2021, the adoption of XRP Ledger has increased substantially. The company’s CBDC solution is energy efficient. Ripple also highlighted that its central bank digital currency solution is extremely cost-effective and reliable.

“The RMA believes that easier, faster, and more affordable payments, both domestically and internationally, will help it reach its goal of increasing financial inclusion by 85% by 2023. The power of the technology underlying the XRP Ledger, combined with Ripple’s experience in cross-border payments and tokenization, will harness the tremendous speed, cost, and innovation advantages in support of this mission,” Ripple mentioned in the latest announcement.

Suggested articles

The Full Crypto Trading in FBS TraderGo to article >>

In May 2021, Dubai’s Lulu Exchange and the National Bank of Egypt partnered through RippleNet for the smooth execution of cross-border payments from the United Arab Emirates (UAE) to Egypt.

Ripple’s Announcement and XRP

As a result of the recent announcement from Ripple, the price of XRP jumped by more than 10% in the last 24 hours. XRP is now trading above $1 with a market cap of over $47 billion. XRP is the world’s 6th largest cryptocurrency. Last week, the overall market cap of XRP jumped above the total value of Solana (SOL).

Historically, Ripple’s partnership announcements had a positive impact on the price of XRP. In August 2021, the cryptocurrency crossed the market cap of $40 billion after GME’s RippleNet announcement.

PlatoAi. Web3 Reimagined. Data Inteligence Amplifed.
Click here for Free Trial.

Source: https://www.financemagnates.com/cryptocurrency/news/ripple-partners-with-bhutans-central-bank-xrp-jumps/

Continue Reading

News

Ripple, Solana Price Analysis: September 23, 2021

Published

on

By

By

John Isige

Published 10 mins ago Updated 10 mins ago

  • Ripple climbs to $1 after falling to $0.86 earlier this week.
  • A confirmed break above $1 will add credence to the bullish narrative; more resistance is expected at $1.2.

The cryptocurrency market is making a comeback after dealing with volatility since last Sunday. Investors have been cautious in the last few days, especially with Evergrande’s financial saga overhanging.

advertisement

However, nearly all cryptos are in the green, with some altcoins posting impressive double-digit gains. For instance, Polkadot is up 17% to trade $32, while Solana is trading at $150 following a 16% growth in 24 hours.

As discussed earlier, Bitcoin has rebounded from $40,000 and settled above $44,000. A confirmed breakout past $45,000 will likely affirm the uptrend to $48,000. Similarly, Ethereum has lifted to trade at $3,125 after revisiting lows of $2,650 for the first time since early August.

Ripple:-

Ripple defended support at $0.86 and later settled above $0.9 after running into robust resistance at $0.95. The ability to hold support provided by the 100-day Simple Moving Average (SMA) ensured the transition to stability on Wednesday.

Investors took advantage to buy the dip, bolstering XRP past the hurdle at the 200-day SMA around $0.95. The cross-border money transfer token later extended the bullish leg to $1 and is currently trading at $1.004.

As bulls regain ground, higher support must be defended, preferably above $1 for XRP. Only a confirmed breakout beyond this level will validate the upswing to $1.2. Note that a larger seller congestion zone is anticipated at $1.2, which may delay or sabotage the desire to lift Ripple above $1.4.

Investors should keep in mind that the MACD is still rolling below the mean line. The uptrend will be cemented as the 12-day EMA crosses above the 26-day EMA.

XRP/USD Daily Chart

XRP/USD price chart
XRP/USD price chart by Tradingview

Solana has not been left behind by the bullish wave crisscrossing the market. This smart contracts token had suffered a setback to $116 considering that it traded new record highs at $214 on September 7.

The 38.2% Fibonacci retracement level contributed to the support, marking the beginning of the ongoing recovery. Solana bulls seem to have done the most, perhaps propped by investors who bought the dip.

At writing, SOL is teetering at $148 amid a battle to settle above $150. The 61.8% Fibonacci level caps the upside. Solana must close the day above this line to validate the uptrend to $170.

SOL/USD Daily Chart

SOL/USD price chart
SOL/USD price chart by Tradingview

If push comes to shove and selling pressure intensifies, Solana will seek support at the 50% and 38.2% Fibonacci levels. Traders cannot ignore the still bearish MACD, and therefore, caution cannot be overemphasized.

advertisement

Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://coingape.com/ripple-solana-price-analysis-september-23-2021/

Continue Reading
Blockchain5 days ago

Over 40 days after Ethereum’s EIP-1559, here’s where it stands

Blockchain4 days ago

After Targeting BlockFi, State Regulators Now Set Their Eyes On Celsius

Uncategorized4 days ago

What is The Old Gym in NBA 2K22 Next Gen?

Blockchain4 days ago

Matic Price to hit $1.75 in the next leg up! Launch on Bitfinex to be the Catalyst?

Uncategorized4 days ago

NBA 2K22 Limitless Spot-Up and Chef Badges Explained

Blockchain5 days ago

Ripple’s Legal Team Says They Have No Plans To Settle With SEC Over Lawsuit On XRP Sales

Uncategorized5 days ago

Shiba Inu (SHIB) Rises to Range High

Uncategorized5 days ago

NFTs Are the Building Blocks of the Metaverse — Here’s How It’s Being Built

Blockchain4 days ago

Flux Pools autoriza o pagamento de ativos paralelos em mais de 300K Flux!

Blockchain5 days ago

EY Taps Polygon Network to Improve Enterprise Clients’ Experience 

Uncategorized4 days ago

Best Dribble Pull-Up in NBA 2K22: Which to Use

News5 days ago

XRP Lawsuit: Here’s Why Experts Think Ripple Could Win the Case Against SEC

Blockchain4 days ago

All you need to know about MATIC before investing

Blockchain5 days ago

Shiba Inu’s days in the sun may be over; here’s why

Blockchain4 days ago

Smart Contracts Running on Bitcoin? Internet Computer Founder Explains How It’s Possible

Blockchain5 days ago

EOS: Why there’s a question mark attached to its long-term trajectory

Uncategorized2 days ago

PetPals, One Of The First Play-To-Earn NFT Web-Based Games Is Out Now

Uncategorized4 days ago

What is Phuture?

Uncategorized5 days ago

U.S. Homeland Security Signs $1.36M Contract with Coinbase

Blockchain5 days ago

TVL up by >990% in a year, but SushiSwap might be its worst enemy

Trending