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Crypto News Update: LUNA Prices Pumped After the Crash.

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CRYPTO PRICES TODAY 

Price Trend  Price for May 15, 2022  Percentage change 
The global cryptocurrency market cap  $1,269,613,878,988
The total crypto market volume $85,996,658,127
Bitcoin Price $29,659.34 0.94%
Ethereum Price  $2,015.04 -0.95%

*All prices are latest by 11:40, 12 May 2022.

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

TOP 3 CRYPTO GAINERS

Crypto Price* Percentage Change
The Graph (GRT) INR 16.21 25.22%
Phoenix Global (PHB) INR 9.15 17.53%
Civic (CVC) INR 14.42 12.10%

*All prices are latest by 11:20, 15 May 2022.

TOP 3 CRYPTO LOSERS

Crypto Price* Percentage Change
Internet Computer (ICP) INR 673.01 -5.96%
Alpaca Finance (ALPACA) INR 24.69 -5.18%
JasmyCoin (JASMY) INR 0.79 -4.75%

*All prices are latest by 11:20, 15 May 2022.

Crypto Market Buzz

Nigeria Issues Crypto Asset Rules In A Move That Could Boost Adoption

Nigeria’s Securities Exchange Commission has published some new rules relating to the country’s issuance, exchange, and custody of digital assets. These rules came 20 months after the Commission initially issued a statement on how it would classify and treat digital assets. This development could be a step towards ultimately opening new doors for crypto usage in Nigeria, one of the leading countries for global crypto adoption. 

Source: Forbes

Buy The Dip? Whales Add $1.2 Bln Bitcoin As Price Falls Below $30K

According to the whale Alert, over 43,600 Bitcoins have been added by whales in multiple transactions in the last 24 hours. In a bid to buy the dip, the three different transactions of whales buying 9.6K Bitcoins were recorded by the tracker. 

Bitcoin whales saw the token’s latest dip as another buying opportunity, with chain data showing at least $1.2 billion BTC was accumulated as the token sank below $30,000 again.

Source: CoinGape

Here’s why LUNA ‘is pumping’ days after total collapse

LUNA is a token developed alongside the algorithmic stablecoin TerraUSD (UST) by Terraform Labs to keep its peg of $1. Between May 9 and May 14, UST lost its value by 85% dropping from $1 to $0.15. The LUNA token crashed due to its link to UST which decoupled from the dollar earlier this week to collapse below one cent. As reported by Coingecko, LUNA was up 364% in the last 24 hours. 

It can be assumed that the pump activity is due to difficulties in shorting LUNA considering that margin trading was suspended by major exchanges with no signs of relisting. 

Source: Finbold

NEW COIN LISTING ON COINDCX 

New Coin Price 24hr % Change
Kava (KAVA) ₹175.95 5.41%
STEPN (GMT) ₹122.40 -8.50%
Storj (STORJ) ₹42.71 -0.55%
JasmyCoin (JASMY) ₹0.83 -13.29%

*All prices are latest by 11:20, 15 May 2022.

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