The crypto space after a normal weekend is swinging within the same levels. This may probably indicate a significant upswing fast could be approaching as the bulls still seem to be well-positioned. The BTC & ETH prices which are currently trading at INR 16.56 Lakh & INR 95,000 are expected to gain 10% to 15% to close the quarterly trade.
The top 2 cryptos have ignited with a minor plunge by trading at -0.76% each while other cryptos in top 10 have turned bearish significantly. However, DOGE price has surged by 11.15% followed by Stacks(STX) & Ethereum Classic(ETC) by 6.33% & 5.25%. TerraClassic surges magnificently by 33.68%, while USTC jumps by 57.26%. On the other hand, Gala (GALA), STEPN(GMT) & Near Protocol (NEAR) drops by 8.63%, 8.06% & 7.62%.
|Price Trend||Price for June 27, 2022||Percentage change|
|The global cryptocurrency market cap||$954,396,137,917.9||–|
|The total crypto market volume||$62,722,960,324.86||–|
*All prices are latest by 10:43 am, 27 June 2022.
Check out the Latest Crypto Prices, Charts, and Data of your favorite coin.
Ever since the beginning of 2022, Avalanche AVAX crypto has taken a hard beating. But that has been mostly in line with the broader market’s bearish sentiments. It has shed over 83% of its market capitalization in the first half of the year alone.
And since altcoins share a very high correlation with Bitcoin and other coins in general – chances of immediate or short-term recovery in the coin seem bleak, unless of course there is a broad base recovery in the crypto market. However, if and when such a recovery was to come – here are the price levels you will need to look out for.
As evident from the first chart of this article, AVAX’s price is trading well below its 50-day and 200-day moving average. While the price of AVAX currently is around $19 (~INR 1487) – its 50 and 200 DMAs are at $26 (~INR 2036) & $69 (~INR 5400) respectively. Both these moving averages represent mid-term and long-term price trends and both indicate overall weakness.
Additional Read: AVAX Price Prediction in Detail
|Spell Token (SPELL)||INR 0.09||6.38%|
*All prices are latest by 10:45 am, 27 June 2022.
|THORChain (RUNE)||INR 182.11||-7.15%|
|Gala (GALA)||INR 5.23||-6.84%|
|STEPN (GMT)||INR 81.64||-6.94%|
*All prices are latest by 12:30 pm, 27 June 2022.
Visit the CoinDCX Bitcoin app to set a watchlist for your favorite crypto!
The whales are taking full advantage of the crypto market and accumulating Bitcoins but analysts remain wary on the outlook for the short term. Data from Cointelegraph Markets Pro and TradingView followed the largest cryptocurrency as it hit $21,868 on Bitstamp. Just hours from the weekly close, a reversal set in under $21,500, Bitcoin is still in line to seal its first “green” weekly candle since May.
STORJ, a low-cap altcoin has been erupting in the last seven days within the crypto space as the broader crypto markets flash signs of strength toward the end of the week. STORJ, the native asset of Storj, a decentralized protocol designed to provide an end-to-end encrypted cloud storage platform, has more than doubled its value in just one week.
Source: The Daily Hodl
The recent announcement from The Sandbox mentioned that the TIME Magazine is partnering with them to continue their foray into the crypto and the blockchain space. According to the announcement, the initiative was inspired by the “virtual spirit and energy” of the real-life Times Square neighborhood in New York City.
|New Coin||Market Capitalization||Circulating Supply|
|IOST (IOST)||$284,802,417||18.59B IOST|
|Livepeer (LPT)||$244,585,515||24,060,923.92 LPT|
|Efinity Token (EFI)||$26,893,206||169,857,481.27 EFI|
|Band Protocol (BAND)||$55,482,529||35,191,821.00 BAND|
*All prices are latest by 02:30 am, 27 June 2022.