Category: TRENDING

Bitcoin jumps 2.62% in last 24 hours to trade over $30,000 again.

World’s largest cryptocurrency Bitcoin has jumped around 2.62% in the last 24 hours to trade over $30,000 again. However, the coin is over 55% down from its all-time high of $68,789 in November 2021.It currently has a market capitalisation of more than $581 billion and its trading volume stands at over $28 billion.

Solana sees 2nd biggest rise among 10 largest cryptos in 24 hours, surges by over 4%.

Solana has made the second biggest rise among the 10 largest cryptocurrencies in past 24 hours. The world’s ninth largest cryptocurrency is now trading at $40.77 after an increase of 4.71%. Solana’s market capitalisation is now over $13 billion. It saw a decline of over 2.3% in the past seven days.

Cardano jumps 5%, records biggest rise among 10 largest cryptocurrencies.

World’s sixth largest cryptocurrency Cardano has seen a jump of around 5% in the past 24 hours and is trading at $0.5892. The cryptocurrency has shown a rise of 25.54% in the last seven days. Its current market capitalisation is worth over $19 billion. Cardano has seen the maximum rise among the 10 largest cryptocurrencies in the last 24 hours.

The Luna Classic price is $0.01, a change of -45.42% over the past 24 hours.The recent price action in Luna Classic left the token’s market capitalization at $51,780,283,629.75 USD. So far this year, Luna Classic has a change of -99.99%. Luna Classic is classified as a Application token under CoinDesk’s Digital Asset Classification Standard (DACS).

Terra’s old LUNA token, now known as LUNA Classic (LUNC), has dropped more than 50% in the last 24 hours. It is currently trading at around $0.007705. The new LUNA token also saw its price dip by over 25% in the past 24 hours and it is currently trading at $6.30. LUNA 2.0 had briefly reached $30 after its launch.

Luna classic (LUNC) is the native token of the original Terra blockchain, which was launched in 2018. At that time, the token’s name was LUNA. In the wake of the collapse of the blockchain’s algorithmic stablecoin, TerraUSD (UST), in May 2022, the community voted to create a new blockchain.After the launch of “Terra 2,” the native token of the new network inherited the LUNA name, while the old blockchain’s token was rebranded to luna classic (LUNC).

As of May 2022, LUNC’s all-time highest price was $119.02 (when it was still the old LUNA token), recorded in April 2022. The token rallied past $100 from a few dollars in less than a year and became one of the top 10 cryptocurrency by market capitalization as sustained demand for Terra’s stablecoin resulted in a dwindling LUNC supply.

Luna classic was created to be the native token of the original Terra blockchain. It acted as the twin token that was designed to absorb any price deviation of the blockchain’s algorithmic stablecoin, TerraUSD (UST). UST was supposed to keep a one-to-one exchange rate to the U.S. dollar by creating (minting) and (destroying) burning UST tokens to balance the stablecoin’s supply and demand at a $1 price peg.

After sinking to $29,743.13, the top cryptocurrency is now dangerously close to turning negative on the weekly chart.

Bitcoin recently scored its ninth consecutive week in the red, and bears have a decent chance to extend this bearish streak if the top cryptocurrency remains below $29,454 on Sunday.

Bitcoin a cryptocurrency designed to act as money and a form of payment outside the control of any one person, group, or entity, and thus removing the need for third-party.Bitcoin was introduced to the public in January 2009 by an anonymous developer or group of developers using the name Satoshi Nakamoto.

Launched in 2009, Bitcoin is the world’s largest cryptocurrency by market capitalization.

Previously Bitcoin was showing signs of bottoming out after sliding for nine straight weeks for the first time in its history. But now its again sinking to $29, 743.13 coming dangerously close to turn negative in the weekly chart.

The proof of assets wallets have been added for all the wrapped tokens – Bitcoin, Ethereum, XRP. The Dogecoin community will be able to see that DOGE on the BNB Chain (formerly known as Binance Smart Chain, BSC) is indeed fully backed by the original meme cryptocurrency.

The proof of assets wallet with DOGE that backs the DOGE-BSC supply on Binance has finally appeared, as promised by the head of the exchange, Changpeng Zhao, on May 16.

While Binance has added a “proof of assets” wallet for Dogecoin on BNB Chain, DOGEBSC remains among the most popular smart contracts.

The wallet contains 1,400,000,000 Dogecoin that back wrapped DOGE on BSC. Apart from that, proof of assets wallets have been added for all other wrapped tokens – Bitcoin, Ethereum, XRP.

DOGE BSC is now among the top 10 most used smart contracts on the BNB Chain (BSC). Apart from Dogecoin, this list includes BabyDoge and other altcoins.

Overall, the top 100 BSC whales’ wallets now hold $16,863,114 in DOGE, which is 1.19% of their portfolio. The most popular meme coins wrapped on BSC are also included in the top 10 list of small cap holdings with an average amount of 1,952,203 DOGE held by investors.

Shiba Inu token is a decentralized cryptocurrency created in August 2020 by an anonymous person or group known as “Ryoshi”

Shiba Inu has crossed over 1,195,000 holders, which is a new record for the crypto token. It currently has 1,197,346 holders.The top 1,000 ETH wallets currently hold as many as 58,364,331,708,833 Shiba Inu coins which have a value of around $693,254,055.

New Record: $SHIB reaches an astonishing 1,195,000+ holders.

Current Holder Count: 1,197,346

The top 1000 ETH wallets are holding 58,364,331,708,833 $SHIB($693,254,055 USD)

The Terra meltdown could understandably cause investors to wonder if Shiba Inu might be next. Among the coins that have recorded a good recovery this time is Shiba Inu, which had been one of the cryptocurrencies hardest hit by the bear market. But cryptocurrency experts warn that Shiba Inu is not out of the woods yet. There are still many threats surrounding this coin that could turn it into the next Luna.

According to crypto experts, Shiba Inu is almost in the same category as Luna. They are projects that have not been built on a solid product. They have no real use cases. The biggest challenge for the Shiba Inu project is the lack of usability. This is because Shiba Inu started as a meme currency and built its huge market cap based on hype and not on a real product.

This is why experts warn that Shiba Inu could be the next Terra Luna, especially if the whales continue to sell. Lack of use cases has also been identified as one of the main reasons why the price of Shiba Inu has plummeted in the last 6 months.

The Terra meltdown could understandably cause investors to wonder if Shiba Inu might be next.Lead Shiba Inu developer Shytoshi Kusama recently revealed in an online post on Medium that the stablecoin project “is nearing completion.” One key difference between the Shiba Inu stablecoin (referred to as SHIB) and TerraUSD is that it will be pegged to US$0.01 rather than US$1. Shiba Inu’s founder believes that this will make stablecoin even more stable.

However, Shiba Inu isn’t the only coin that investors are being warned of. Neither is it the first time that such warnings have been issued.

BNB (Binance Coin) is the token that fuels all operations on Binance exchange. Binance Coin was issued as an ERC20 token on Ethereum blockchain but now it has moved to its own mainnet chain.

Binance Coin (BNB) on Tuesday briefly surpassed USD Coin (USDC) to become the fourth largest cryptocurrency in the world by market value. At the time of writing, BNB was trading in the green with a market value of $52.19 billion. On the other hand, USDC held a market capitalisation of $53.9 billion onTuesday.

Binance Coin price moved up by 0.84% in 24h. Binance Coin last traded price is Rs 26,183

BNB Coin a cryptocurrency that is used primarily to pay transaction and trading fees on the Binance exchange.Binance Exchange is the largest cryptocurrency exchange in the world, with a volume of $7.6 billion.

𝘼𝙢𝙪𝙨𝙞𝙣𝙜 𝙁𝙖𝙘𝙩: In May 2022, BNB was the fifth-largest cryptocurrency by market capitalization, behind only Bitcoin, Ethereum, USD Tether, and USD Coin.2