The Swing Within the Small Braces Continues as the Markets Appear to be Preparing for a Notable Upswing!
As most of the crypto assets are trading within the same range, it may be said that they may be accumulating gains for a steep breakout ahead. Until and unless the Bitcoin price remains stable at close to INR 23 lakh, one can expect some stability within the crypto space. However, a notable bullish momentum appears to have geared up and hence a minor upswing may be witnessed in the next coming hours.
Bitcoin and Ethereum prices are recovering by making a small upside move of 2.16% and 0.16% respectively. The top gainers currently are Kava (KAVA) by 15.42%, Tron(TRX) by 8.52%, and Tezos (XTZ) by 6.79%. While Klaytn (KLAY) dropped by 5.25%, Fantom (FTM) by 4.99%, and Apecoin (APE) by 4.52%.
CRYPTO PRICES TODAY
| Price Trend | Price for May 25, 2022 | Percentage change |
| The global cryptocurrency market cap | $1,286,343,866,419 | – |
| The total crypto market volume | $72,563,499,303 | – |
| Bitcoin Price | $30,083.66 | 2.54% |
| Ethereum Price | $2,006.49 | 0.93% |
*All prices are latest by 10:10, 25 May 2022.
Check out the Latest Crypto Prices, Charts, and Data of your favorite coin.
CRYPTO PRICE& TECHNICAL ANALYSIS FOR THE DAY
Uniswap (UNI) vs Pancake (CAKE)
CAKE price from nearly a year is maintaining a huge descending trend while the resistance and support levels appear to have dropped considerably. The CAKE price has dropped heavily since the beginning of its trade when it was priced around INR 3000. However, these targets appear to be very hard for 2022. Yet the possibility of the price achieving INR 500 by the end of May’s trade emerge. Woefully, the asset may face rejection as it jumps above INR 500.
After a deep fall from INR 3000 to as low as INR 970 in 2021, the CAKE price maintained a strong downward trajectory to reach the levels below INR 500 at the moment. However, the strength of the rally seems to be pretty weak and hence no gigantic surge may occur, rather a minor spike, just to halt the bearish trend. Therefore, the UNI price could jump by another 30% to 40% as a notable buying pressure has mounted.
Additional Read: UNI vs CAKE Price Prediction in detail
TOP 3 CRYPTO GAINERS
| Crypto | Price* | Percentage Change |
| Ethereum (ETH) | INR 2,037.66 | 12.83% |
| Kava (KAVA) | INR 233.36 | 10.72% |
| Sushiswap (SUSHI) | INR 140.15 | 9.06% |
*All prices are latest by 10:10, 25 May 2022.
TOP 3 CRYPTO LOSERS
| Crypto | Price* | Percentage Change |
| Mirror Protocol (MIR) | INR 30.22 | -20.84% |
| Fantom (FTM) | INR 34.94 | -5.80% |
| yearn.finance (YFI) | INR 7,12,147.49 | -4.88% |
*All prices are latest by 10:10, 25 May 2022.
Crypto Market Buzz
DEX protocol Uniswap hits the $1 trillion cumulative trading volume milestone
According to the data compiled by The Block Research, Uniswap has been dominating the decentralized exchange market in terms of trade volume since last year. The decentralized exchange hit this lifetime cumulative trading volume mark on Tuesday, according to an announcement on Twitter from Uniswap Labs.
1/ It’s been one hell of a ride 🚀
As of today, the Uniswap Protocol has passed a lifetime cumulative trading volume of $1 Trillion. pic.twitter.com/stFdMDgJPZ
— Uniswap Labs 🦄 (@Uniswap) May 24, 2022
Source: The Block
Top DeFi News
TRON DeFi Surges on Terra-Inspired Stablecoin Launch
The DeFi ecosystem of TRON is soaring. It is now the third-largest blockchain in total value-locked terms, trailing only the Ethereum and BNB Chain. Despite the relatively shaky market conditions permeating the DeFi sector following Terra’s collapse earlier this month, TRON’s ecosystem of decentralized applications is thriving, at least in terms of total value locked.
Source: Crypto Breifing
Top NFT News
eBay drops first NFT collection to non-crypto mainstream buyers
In today’s top NFT news E-commerce giant eBay has officially launched its first nonfungible token (NFT) drop with a series of tokenized collectibles featuring National Hockey League legend Wayne Gretzky that went live on Monday. According to the NFT news announcement from eBay, the collection was developed in partnership with environmentally focused NFT platform OneOf, which supports multiple “energy-efficient blockchains” to provide sustainable NFT collections.
Source: CoinTelegraph
NEW COIN LISTING ON COINDCX
| New Coin | Market Capitalization | Circulating Supply |
| KLAY Price | $1,357,759,264 | 2.84Bn KLAY |
| GMT Price | $842,476,520 | 600,000,000 GMT |
| STORJ Price | $224,822,755 | 78,532,276 STORJ |
| JASMY Price | $61,394,244 | 4,754,930,780 JASMY |
*All prices are latest by 10:10, 25 May 2022.
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