Most of the Altcoins Collapse While Bitcoin Price Swing Sideways! What’s Next?
Bitcoin prices maintain a narrow swing and still remain capped below INR 23 lakhs. The weekend rally of the star crypto has induced significant uncertainty among all the other altcoins. And hence these assets lose out huge value on the consecutive second day. With a continued trend, most of the altcoins which are currently below 80% of their highs, may intensify the ongoing bearish trend.
BTC prices have dropped by 3% while ETH by 10%. Major altcoins like BNB, XRP, ADA, SOL & DOGE drop by 9.3%, 4.44%, 10.61%, 11.54% & 6.66% respectively. Currently, almost all the assets are painted in red, led by TerraUSD (UST) by 39.42%, STEPN(GMT) by 38.85% & Loopring (LRC) by 19.14% at the press time.
CRYPTO PRICES TODAY
| Price Trend | Price for May 25, 2022 | Percentage change |
| The global cryptocurrency market cap | $1,195,879,188,153 | – |
| The total crypto market volume | $105,099,621,519 | – |
| Bitcoin Price | $28,927.95 | -2.75% |
| Ethereum Price | $1,747.76 | -9.88% |
*All prices are latest by 10:30, 27 May 2022.
Check out the Latest Crypto Prices, Charts, and Data of your favorite coin.
CRYPTO PRICE& TECHNICAL ANALYSIS FOR THE DAY
Cardano (ADA)
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.
Additional Read: Cardano Price Prediction
TOP 3 CRYPTO GAINERS
| Crypto | Price* | Percentage Change |
| Binance USD (BUSD) | INR 81.97 | 0.34% |
| USD Coin (USDC) | INR 81.97 | 0.33% |
| Tether (USDT) | INR 81.88 | 0.32% |
*All prices are latest by 10:30, 27 May 2022.
TOP 3 CRYPTO LOSERS
| Crypto | Price* | Percentage Change |
| STEPN (GMT) | INR 72.20 | -32.88% |
| Mirror Protocol (MIR) | INR 22.05 | -29.30% |
| Loopring (LRC) | INR 39.49 | -19.02% |
*All prices are latest by 10:30, 27 May 2022.
Crypto Market Buzz
Tether launches stablecoin pegged to pesos on Ethereum, Tron and Polygon
Amidst the market correction currently taking place within the crypto space, Tether (USDT) launched a new digital asset that will be pegged to the Mexican peso on Ethereum (ETH), Tron (TRX), and Polygon (MATIC) networks. Paolo Ardoino, Tether’s chief technology officer, said that the rise in crypto usage in Latin America has pushed their decision to “expand.” He explained that the introduction of a stablecoin pegged to the peso will give those in Mexico a way to store value.
Source: CoinTelegraph
XRP whales are accumulating as their total supply hits a 2-month high
Santiment, an on-chain and social metrics platform, announced on May 25th, that whales have collectively been accumulating the XRP token and currently hold their highest percentage of the asset’s supply in the last two months. As things stand, the DeFi asset is currently trading at $0.3894, a 2.36% drop from the day before and a 4.62% over the previous week.
Source: FinBold
Top Metaverse/NFT News
Metaverse platform The Nemesis launches flagship asset as part of first season releases
Metaverse is a gateway to new experiences, including sitting against the glass at a playoff game, experiencing a celebrity-level luxury resort or even visiting our most distant solar systems. With virtual reality (VR) development well underway, it is only a matter of time before these experiences previously unavailable to the average person become a reality.
The Nemesis has emerged as the solution to deliver these experiences, available not only on desktop but on mobile too, both iOS and Android. With their platform, users are given a glimpse of how the web is believed to evolve in the coming years. The project has since become recognized for its ability to bring together virtual reality in a simple and immersive experience.
Source: CoinTelegraph
NEW COIN LISTING ON COINDCX
| New Coin | Market Capitalization | Circulating Supply |
| LivePeer Price | $306,496,831 | 23,874,473.87 LPT |
| Klaytn Price | $1,293,709,716 | 192,328,959 KAVA |
| Storj Price | $215,087,246 | 390,725,178.07 STORJ |
| JasmyCoin Price | $57,060,602 | 4,754,930,780 JASMY |
*All prices are latest by 10:30, 27 May 2022.
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