Crypto Crash Update: Markets Appears to Gear Up for Upcoming Bull Run, Bitcoin & Ethereum Surpasses INR 24 Lakh & INR 1.5 Lakh respectively
A significant recovery period seems to have ignited as almost all the assets have flipped from the lower support. After consolidating for more than a week, all the assets began surging magnificently since the previous trading day. Therefore, a strong upswing may elevate the entire crypto space towards the immediate resistance levels to end the monthly trade on a bullish note.
Other than BTC, ETH price rose by 5%, 6.37% resp, Waves(WAVES) price rose by 120%, Axie-infinity(AXS) by 39.86%, Kyber Network (KNC) by 24.74%, Helium (HNT) by 21.26%, Aave (AAVE) by 17.89%, etc. On the other hand, XDC Network (XDC) dropped by 6.27% while Terra Classic(LUNC) rose by 1.73, Terra (LUNA) by 65.1, while TerraClassicUSD (USTC) dropped hard by 15.53%.
CRYPTO PRICES TODAY
| Price Trend | Price for May 31, 2022 | Percentage change |
| The global crypto market cap | $1,316,527,282,372 | – |
| The total crypto market volume | $92,117,554,940 | – |
| Bitcoin Price | $31,660.35 | +4.28% |
| Ethereum Price | $1,986.14 | +5.80% |
*All prices are latest by 11:00, 31 May 2022.
Check out the Latest Crypto Prices, Charts, and Data of your favorite coin.
TOP GAINERS AND LOSERS TODAY
TOP 3 CRYPTO GAINERS
| Crypto | Price* | Percentage Change |
| Waves (WAVES) | INR 701.23 | +88.82% |
| Axie Infinity (AXS) | INR 2,065.98 | +31.55% |
| Cardano (ADA) | INR 52.29 | +25.28% |
*All prices are latest by 11:00, 31 May 2022.
TOP 3 CRYPTO LOSERS
| Crypto | Price* | Percentage Change |
| Mirror Protocol (MIR) | INR 25.09 | –3.94% |
| Tron (TRX) | INR 6.51 | -3.37% |
| PancakeSwap (CAKE) | INR 381.48 | -1.18% |
*All prices are latest by 11:00, 31 May 2022.
CRYPTO PRICE PREDICTION FOR THE DAY
Klaytn (KLAY)
As the market sentiments turn bearish, the Klaytn price is extremely bearish in all the time horizons. Most of all the indicators are very bearish and point towards a ‘sell’ signal. On the other hand, the strength of the rally is pretty weak and hence no possibility of a rebound may be expected. On the other hand, the volatility is also less in all time frames and hence the price could continue to range as per the volume that dominates the platform.
Additional Read: Klaytn Price Prediction in detail
Crypto Market Buzz
Crypto market cap observes $60 billion inflow in 24 hours as BTC nears $31k
The OG crypto Bitcoin has been in the news for its irregular pattern. The golden asset is agai making headlines as it shows signs of recovery as it hits the $ 30,000 mark. This uptrend also bolstered the market cap to 60 billion (source: Coin Market Cap) The market shakedown was reflected in the fear and greed index of Bitcoin with investors panicking over the downtrend. While Bitcoin is coming up in the green, some top altcoins have managed to be on the green side.
Source: Finbold
Web3 News Global
Tron Becomes DeFi’s Third-Largest Blockchain as USDD Algorithmic Stablecoin Catches Speed
Total value locked of Tron soars to $6B as the market cap of the USDD touches $600 million.
Amidst the crash of Luna Terra, stablecoins have come under the analysts radar. Though USDD is far from reaching UST, the asset has skyrocketed surpassing Avalanche, Solana and Polygon.
Source: Crypto Potato
Crypto News Global
Prada mints NFTs on Ethereum, Joins Top Luxury Brands in Web3
Prada gets on the NFT bandwagon alongside Gucci, Balmain and Balenciaga. The luxury house has planned to mint 100 NFTs on Ethereum blockchain. These NFTs are exclusively being mint for its latest collection Timecapsule. These NFTs will be airdropped along with physical merch made in collaboration with Cassius Hirst.
Source: Decrypt
Delta Blockchain Fund and other Global back Lumos Labs for building an aggregate Web3.0 platform.
An innovation management company Lumos Labs raised 1 million in seed funding to build a developer centered metaverse. The firm claims to have built a community of 60,000 developers and plans to address the fragmented space of Web3.0 by offering education and other opportunities by bringing in leading Web3.0 firms together so developers can explore different opportunities and explore and choose the blockchain that fits their needs.
Source: YourStory
NEW COIN LISTING ON COINDCX
| New Coin | Market Capitalization | Circulating Supply |
| KAVA Price | $550,380,757 | 200,477,252.00 KAVA |
| GLMR Price | $371,561,852 | 275,440,155.00 GLMR |
| LPT Price | $324,816,850 | 23,903,527.36 LPT |
| GMT Price | $58,772,784 | 4,754,930,780 JASMY |
*All prices are latest by 11:00, 31 May 2022.
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