.png){kind=logo}
- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
The biggest news in the crypto price charts was how Cardano (ADA) flipped XRP to become the 6th biggest cryptocurrency by market cap. Meanwhile, Solana (SOL) has tanked to 9th place in CoinMarketCap crypto price charts.
Bitcoin is fighting a battle to hold above $30,000 in price while EverGrow Coin made a stunning 17% breakout before correcting today.
EverGrow Coin is trading at a price of $0.0000002336 today, with a 50% spike in volume recorded over the past 24 hours.
The relative newcomer has become the leading reflection token paying stablecoin passive income, with $37 million BUSD distributed among investors to date. The BUSD reflections are financed by a 14% transaction which also sees a 2% set towards buyback & burn.
Since September last year, nearly 53% of the initial EverGrow Coin supply has been burned from the circulating supply.
EverGrow Coin is seen as crypto primed for price breakouts in the coming weeks as faith returns to DeFi and the crypto market as a whole.
Bitcoin saw a price rally to over $32,000 on May 31. Today the price has corrected to $29,990 as Bitcoin bulls fight a battle to hold above $30,000.
Prior to the price rally Bitcoin had been trading at under $29,000 following the crypto crash. The Bitcoin 20-week SMA is still up at $38,000 while its RSI is around 34%. This suggests the world's largest crypto by market cap is at an attractive price currently.
The Terra Luna airdrop is largely complete after Binance announced a new listing on Tuesday, May 31.
A spike in activity took the Luna token to as high as $30 on some exchanges before it corrected to above $10, and then $9 and to a current price of $6.55.
The Luna price has fallen some 6% in the past 24 hours largely due to those who lost money in the Terra Luna crash quickly selling the new token to make a small return. The Luna market cap at $1.4 billion should give it a spot in the crypto top 50 but CoinMarketCap still carries a warning that the market cap is 'self-reported' and cannot be verified.
Solana suffered an eight-hour outage yesterday, with its blockchain failing to process transactions.
Problems like the recent outage are not uncommon in Solana in recent months. Unsurprisingly the price of Solana has fallen 12% in the past 24 hours as many crypto traders lost momentary faith in the project.
The price of Solana is currently $39.74. Despite the price drop, Solana still remains the 9th largest cryptocurrency by market cap. It is also down 84% from the all-time high of $259.96 seen in November 2021.
Ethereum rallied to over $2,000 on May 31 – but couldn't hold the price for more than a few minutes.
Ethereum is currently trading at a price of $1,825.88 and is 6% down in the past 24 hours.
In a boost to the second-largest cryptocurrency, Ethereum recorded $27.5 billion in total NFT sales volume. This establishes Ethereum as by far the leading blockchain for NFT trading.
This concludes our look at recent crypto prices as of June 2, looking at Bitcoin, Ethereum, Solana, Luna and EverGrow Coin.
