Crypto prices are flashing green today as major tokens find support.
Bitcoin, Luna, Solana, and EverGrow Coin cryptocurrencies have all increased in price in the past 24 hours. Ethereum is currently in the red but losses are under 1%.
The cryptocurrency market as a whole has grown by $10 billion in the past day. The crypto market cap is now $1.25 trillion. While the market was consistently pushing past $2 trillion in early 2022 the current figure is up from $1.17 trillion following the recent crash.
Bitcoin has found support to hold above $30,000 today.
The Bitcoin price is currently $30,474.37 according to CoinMarketCap. This is a growth of 1.74% in the past day.
Bitcoin rallied to over $32,000 this week after falling to lows under $29,000. The Bitcoin crashed below $30,000 for some hours yesterday before holding above $30,000. The Bitcoin price is 5% above what it was a week ago.
Crypto analysts feared the Luna price would tank as investors sold off their airdropped tokens en masse.
If this sell-off has already happened, it only took Luna down from $12 to $6 before a recovery today. The Terra Luna price is currently $6.67 and has grown 2.8% in the past day.
Every day more builders and developers are migrating dApps and projects to the new Terra blockchain. Despite accusations of fraud, bitterness, and attempts at poaching Terra developers to other blockchain networks, the new Luna token is in demand.
EverGrow Coin has shot past the $37 million rewards paid to investors.
The leading reflection token launched in September last year and has been paying Binance-pegged USD to investors thanks to a 14% reflection tax. EverGrow Coin has also burned through 53% of its initial token supply (8% of the tax is for BUSD reflections, 2% for buyback & burn).
EverGrow Coin is trading at $0.0000002303 and has grown 3% in the past 24 hours.
Ethereum is struggling to hold $2,000 in June so far.
Ethereum is trading at $1,1810 and has fallen 0.8% in the past 24 hours. During a price rally this week, the price of ETH broke past $2,000 in a matter of minutes.
The price of Ethereum was up at nearly $3,000 at the beginning of May before the crypto crash. The price fell to $1,700 and has recovered gradually since.
The Solana blockchain suffered an outage for over four hours this week.
The price of Solana sank 11% for two days before the network came online and prices began to rise. Solana is trading at a price of $39.82 and is up 0.6% in the past day.
Solana sank to 9th place in the crypto rankings during the blockchain outage, as rival Cardano flipped both SOL and XRP. The Solana market cap is currently $13 billion – some $6 billion below both Cardano (ADA) and Ripple (XRP).
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