Consolidation Continues in the Crypto Space, Will the Tokens Breakout From the Accumulation Today?
The top cryptos maintain their positions above the support zone, manifesting longer positions may be fast approaching. On the other hand, some altcoins attempt a long jump. Therefore, one can expect a notable upswing in the next couple of hours.
While BTC & ETH remain above $30k and $2000 respectively, altcoins like Solana(SOL), PancakeSwap(CAKE), Shiba INU(SHIB), Fantom(FTM), etc make an upward move of 3.02%, 1.54%, 1.72% and 4.65% respectively. If bears do not get activated, then a bullish daily close may make it’s way out.
CRYPTO PRICES TODAY
| Price Trend | Price for May 16, 2022 | Percentage change |
| The global cryptocurrency market cap | $1,283,590,066,253 | – |
| The total crypto market volume | $77,608,539,643 | – |
| Bitcoin Price | $29,810.28 | -1.15% |
| Ethereum Price | $2,041.41 | -1.22% |
*All prices are latest by 10:00, 18 May 2022.
Check out the Latest Crypto Prices, Charts, and Data of your favorite coin.
Additional Read: SHIB vs DOGE Price
TOP GAINERS AND LOSERS TODAY
TOP 3 CRYPTO GAINERS
| Crypto | Price* | Percentage Change |
| Kyber Network (ATOM) | INR 182.75 | +28.93% |
| MyNeighborAlice | INR262.41 | +9.37% |
| Polymath | INR 19.08 | +6.58% |
*All prices are latest by 10:00, 18 May 2022.
TOP 3 CRYPTO LOSERS
| Crypto | Price* | Percentage Change |
| JasmyCoin | INR 1.09 | -7.80% |
| Maker | INR 1,26,211.42 | -7.75% |
| Celo | INR 113.77 | –5.32% |
*All prices are latest by 10:00, 18 May 2022
Additional Read: Top 6 Reasons behind the Crypto Crash
Crypto Market Buzz
The MimbleWimble update of Litecoin has caught the attention of Whales
The announcement of the MimbleWimble update has become the talk of the town as the upgrade will add a layer of privacy for investors. In addition to the confidentiality factor, unnecessary data on the chain will also come down owing to the new protocol. The upgrade of Litecoin had been in buzz for two years. According to stats, Litecoin ranks in the top 10 altcoins and with the new MWEB upgrade the sentiment of the market may see an uptrend.
Source: CoinGape
Web3 News Global
150,000 new hires at Accenture will spend their day within a metaverse
Accenture’s new hires will receive their training in Metaverse on their first day. The training playground of the enterprise is called Nth floor. It is believed that the new way of training in the virtual space will increase their productivity by 40 to 50%. Accenture has launched the Accenture Metaverse Continuum business group spearheaded by Paul Daugherty, group chief executive for technology.
Source: Times of India
Crypto News Global
Beyond Crypto Custody: Fireblocks Unveils Web3 Engine To Support DeFi, Games And NFTs
Blockchain infrastructure service provider ‘Fireblocks’ launched an assortment of developer tools and an exclusive portal for users to access crypto exchanges, NFT marketplaces and dApps. These features are a part of the enterprise’s new offering ‘Web3 Engine’. Custody services, treasury management, risk mitigation tools and a tokenization mechanism for managing whitelisting, minting, burning and transfer of NFTs are included in their new feature.
Source: Forbes
NEW COIN LISTING ON COINDCX
| New Coin | Market Capitalization | Circulating Supply |
| KAVA Price | $490,610,917 | 193,291,441.00 KAVA |
| GMT Price | $968,021,801 | 600,000,000 GMT |
| STORJ Price | $227,604,091 | 390,191,313.27 STORJ |
| JASMY Price | $64,334,556 | 4,754,930,780 JASMY |
*All prices are latest by 10:00, 18 May 2022.
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