Crypto Markets Continue to Consolidate, What’s Awaited During the Weekend Rally?
The week-long swing continues for another day as the Bitcoin price continue to consolidate within the same ranges. Moreover, the slow descending trend by forming multiple lower highs and lows has deeply impacted the strength of the Altcoins. And hence they continue to bleed while BTC swings sideways.
The top two cryptos remain below INR 23 lakh and INR 1.40 lakh respectively. However, the top loser for yesterday, STEPN(GMT) is leading the gainer’s list by a 15.52% jump. It is followed by Dogecoin(DOGE) by 5.09% and Polkadot (DOT) by 2.67%. However, Terra classicUSD (USTC) dropped by 42.47%, while Celo(CELO) and Kava(KAVA) fell by 11.21% & 5.59% respectively.
CRYPTO PRICES TODAY
| Price Trend | Price for May 16, 2022 | Percentage change |
| The global crypto market cap | $1,196,803,325,786 | – |
| The total crypto market volume | $86,609,345,153 | – |
| Bitcoin Price | $28,867.51 | -0.14% |
| Ethereum Price | $1,761.68 | +0.61% |
*All prices are latest by 11:00, 28 May 2022.
Check out the Latest Crypto Prices, Charts, and Data of your favorite coin.
CRYPTO PRICE PREDICTION FOR THE DAY
CARDANO(ADA): Will ADA Price Reach INR 1000 by 2025?
Cardano’s price is dripping hard ever since the asset smashed its highs above INR 200 in September 2021. However, the Q4 push which offered a notable push to many altcoins failed to drag out the ADA price from the descending consolidation. Yet the price received a significant upswing during the last few days of March 2022, which was nullified later.
Now, when ADA price is currently consolidating within a narrow range and a huge possibility of a drop below INR 30 emerges. Here, a significant upswing may be expected that may range the price slowly yet steadily towards INR 50 in mid-Q3. Further after nullifying a bearish impact here, the price could resume with the uptrend to hiver in between INR 65 to INR 75 by the end of 2022.
To know more in detail, read our blog on Cardano ADA Price Prediction 2022, 2023, 2024, & 2025
TOP GAINERS AND LOSERS TODAY
TOP 3 CRYPTO GAINERS
| Crypto | Price* | Percentage Change |
| Mirror Protocol (MIR) | INR 29.48 | +42.40% |
| STEPN (GMT) | INR 87.48 | +23.78% |
| Phoenix Global (PHB) | INR 11.52 | +16.81% |
*All prices are latest by 11:00, 16 May 2022.
TOP 3 CRYPTO LOSERS
| Crypto | Price* | Percentage Change |
| XDC Network (XDC) | INR 3.10 | -1.36% |
| Ripple (XRP) | INR 31.85 | -0.74% |
| Celo (CELO) | INR 109.12 | –0.46% |
*All prices are latest by 11:00, 28 May 2022.
Crypto Market Buzz
Dogecoin surges as Elon Musk Says SpaceX Will Soon Accept it for Merchandise Payments
Dogecoin, the popular memecoin saw a spike of nearly 15% post Musk announced that SpaceX will soon accept Dogecoin payments for selected merchandise. In May,2021 Dogecoin was accepted for a Lunar mission under “DOGE-1 Mission to the Moon.” The Tesla CEO mentioned that Doge will be the first crypto asset to be used in space.
Source: Crypto Potato
Web3 News Global
Online Video Sharing Giant YouTube Plans To Integrate NFTs
In an interview with Blockworks, the CEO of YouTube Susan Wojcicki revealed that NFTs will be a great way to find a creator’s work on the platform and will also help them monetize their work effectively. In addition, if creators release their videos as NFTs it will be easier for them to protect their work from third parties selling their videos without their consent.
Source: THE DAILY HODL
Crypto News Global
Russia has been actively discussing the use of Crypto in international trade
The trade ministry of Russia has been considering crypto payments for international trade. In March, the chairman of the Congressional energy committee, Pavel Zavalny, said in a press conference that Russia was open to accepting BTC for its natural resources exports. The country’s officials have opened up about the use of crypto assets a couple of times this year.
Source: Bitcoin Magazine
NEW COIN LISTING ON COINDCX
| New Coin | Market Capitalization | Circulating Supply |
| GLMR Price | $1,207,684,686 | 274,149,236.00 GLMR |
| LPT Price | $310,680,808 | 23,886,099.16 LPT |
| KAVA Price | $404,822,483 | 198,716,301.00 KAVA |
| GMT Price | $6,359,628,198 | 600,000,000.00 GMT |
Additional Read:
- What is Moonbeam GLMR Crypto?
- How to buy LPT Crypto in India?
- What is KAVA crypto?
- What is Stepn GMT?
*All prices are latest by 11:00, 28 May 2022.
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