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Crypto News: Crypto Market’s Volatility Gets Squeezed, Indicating a Major Price Action Ahead!

Crypto Markets

Crypto Market’s Volatility Gets Squeezed Up Indicating a Major Price Action Ahead!

The top cryptos maintain their trend within the same levels, while Bitcoin prices still hover below INR 23 lakhs. The prolonged consolidation and the depleted volatility indicate the non-involvement of the market participants at the moment. And hence only a strong move beyond INR 24 lakh or a drop below INR 22 lakh may induce high volatility in the market. 

Amid the stagnant consolidation of top assets, some NFTs like The SandBox jumped by 12.66%, Loopring(LRC) by 7.13% and Tron(TRX) by 5.67%. On the other hand, assets like TerraUSD (UST) lead the loser board by dropping 69.48%, Kava (KAVA) by 8.62% and Ethereum Classic (ETC) by 8.51%.

CRYPTO PRICES TODAY 

Price Trend  Price for May 16, 2022  Percentage change 
The global crypto market cap  $1,258,032,850,439
The total crypto market volume $69,190,313,234
Bitcoin Price $29,693.96 -0.93%
Ethereum Price  $1,934.34 +3.27%

*All prices are latest by 11:00, 26 May 2022.

Check out the Latest Crypto Prices, Charts, and Data of your favorite coin.

Additional Read: What is CoinDCX Earn? How to get early access?

TOP GAINERS AND LOSERS TODAY

TOP 3 CRYPTO GAINERS  

Crypto Price* Percentage Change
The SandBox (SAND) INR 116.61 +10.35%
Mirror Protocol (MIR) INR 31.54 +8.89%
Oasis Network (ROSE) INR 6.00 +9.13%

*All prices are latest by 11:00, 26 May 2022.

TOP 3 CRYPTO LOSERS 

Crypto Price* Percentage Change
STEPN (GMT) INR 102.25 -9.99%
Kyber Network (KNC) INR 166.65 -7.60%
Avalanche (AVAX) INR 2,157.31 –7.58%

*All prices are latest by 11:00, 26 May 2022.

Crypto Market Buzz

Terra Community Approves Do Kwon’s Plans to Revive Project

Terra Luna has come up with a revival plan and has received a green signal from the token holders. Do Kwon shared the revival plan of Luna on 16th May. As majority of token holders voted in favor of the revival project, the launch of Luna’s new blockchain is set for 27th May. The distribution of tokens will take place as per the vesting schedule proposed in the revival plan. The new version of Luna will not have the algorithmic stable UST as laid in the revival plan of Luna. 

Source:  DeCrypt

Web3 News Global

a16z announces $4.5 billion fund for crypto and blockchain startups

Andreessen Horowitz also known as ‘a16z’ has announced a new $4.5 billion fund for crypto and blockchain startups. It said that $1.5 billion will be dedicated to seed investments and $3 billion will be for venture investments. The fund has been in the works for sometime under the alias ‘ Crypto Fund 4’. 

In an interview, General partner ‘Arianna Simpson’ told CNBC that “bear markets are often when the best opportunities come about, when people are actually able to focus on building technology rather than getting distracted by short-term price activity.”

Source: The Block

Crypto News Global 

JPMorgan declares crypto a preferred alternative asset, underlines Bitcoin’s fair price at $38K. 

The investment conglomerate believes in the institution of crypto despite the Terra Luna crash that shook the crypto believers’ world. The bank has placed Bitcoin’s fair price at $38,000 which is 28% higher than its current value. According to a note, Bitcoin’s price was placed higher than the market last February and crypto has surpassed real estate in the race of preferred asset class investment. 

Source:  CoinTelegraph 

NEW COIN LISTING ON COINDCX 

New Coin Market Capitalization Circulating Supply
KAVA Price  $1,293,709,716 192,328,959 KAVA
LPT Price $306,496,831 23,874,473.87 LPT
STORJ Price $215,087,246 390,725,178.07 STORJ
JASMY Price   $57,060,602 4,754,930,780 JASMY

*All prices are latest by 11:00, 26 May 2022.

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