Daily Crypto Market Update – TRON Grows 7.3% to Lead Top Ten in Relatively Flat Market
The crypto market did not witness high price volatility over the last three days like it’s known for. During that period, the total valuation declined by only $431 million to $1.125 trillion as of this writing. Bitcoin’s market capitalization fell by 0.011% to $520.67 billion, while Ethereum’s dropped by 0.54% to $218.46 billion.
Meanwhile, some of the top ten cryptocurrencies have posted gains, while others are in the red. TRON leads the gainers after a 7.30% growth, as Solana takes the top loser spot with a 3.12% loss. SOL trades at $19.64, closer to the $18.50 support level.
Stablecoins Market
USDT’s market capitalization has posted significant net inflows ($345.14 million) in the last 24 hours, growing to $82.91 billion as of Monday evening. On the other hand, USDC and BUSD’s market caps stand at $29.52 billion and $5.51 billion after losing $189.37 million and $233.42 million to net outflows, respectively.
Bitcoin
BTC is down 0.32% to change hands for $26,865 as of this writing. The coin trended upwards on Sunday to reach a daily high of $27,127, a price the bulls could not sustain. Bitcoin may drop to the $26,410 support level if selling pressure escalates.
The market dominance of the biggest crypto asset stands at 46.36%.
ETH has added 0.21% to its value and now trades at $1,818. The token found support at $1,792 on Sunday afternoon before rebounding to its current price. Nonetheless, Ethereum has yet to cross above the 20-day Exponential Moving Average of $1,836. Its market share remains flat at 19.42%.
Top Five Gainers
Wrapped TRON: With a market valuation of $7.93 billion, WTRX trades at $0.0776 after an 8.13% growth during the last 24 hours.
TRON: As mentioned earlier, TRX is up 7.30% to trade at $0.0778 as of Monday evening. The rally is fueled by anticipation that the token will be tradable once Hong Kong officially recognizes retail crypto trading on June 1. TRX’s market capitalization stands at $7.04 billion.
Alchemy Pay: ACH trades at $0.027 after surging 5.83% in the past 24 hours. Its market cap is $171.73 million. The payment platform expanded to Ontology last week to facilitate fiat-crypto transactions.
JUST: JST has increased by 3.62% to trade at $1.707 as of this writing. Its market valuation stands at $215.74 million.
NEO: This token has added 3.54% to its value in the last 24 hours. It trades at $9.741 with a market cap of $687.46 million.
Top Five Losers
HEX: The token saw a massive price increase last week after its PulseChain went live. However, it has lost all the gains after falling by 24.13% in the last 24 hours. It’s priced at $0.026 with a market valuation of $4.62 billion.
Kaspa: KAS has plummeted by 7.72% to trade at $0.015. Its market cap has also taken a hit to $286.43 million.
PEPE: The meme coin is priced at $0.0000015 following a 7.24% 24-hour loss. PEPE’s market cap is $616.58 million.
Mask Network: MASK has plunged 6.43% to trade at $4.35 as of Monday evening. Its market cap stands at $348.57 million.
SUI: The native token of the Sui blockchain has trended down since the network launched a few weeks ago. Over the last 24 hours, SUI lost 6.22% to trade at $1.061. Its market valuation is $560.78 million.
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