Bitcoin, Ether prices rise, other cryptocurrencies also gain momentum

Crypto investors can breathe a sigh of relief as most cryptocurrencies have started reporting profits once again. According to the Indian exchange Coinswitch Kuber, on Monday, May 30, the price of bitcoin rose by 3.56 percent to reach $31727 (about Rs 24.5 lakh). On international exchanges, bitcoin has made more profits. BTC registered a rise of up to 4.70 percent on the Binance and Coinbase exchanges. The value of this oldest cryptocurrency has reached $ 30,337 (about Rs 23.5 lakh) at the global level.

World’s second largest cryptocurrency ethereum (Ethereum) has also shown strength in the crypto charts and bitcoin Same growth as registered. Gadgets 360 crypto price tracker This shows that the value of ETH has reached the point of $1,962 (about Rs 1.50 lakh) with an increase of 4.33 percent.

Like Bitcoin and Ether, Binance Coin, Cardano, Solana, Polkadot and Avalanche have also registered price increases.

The popular Shiba Inu and Dogecoin have gained 8.58 per cent and 2.77 per cent, respectively, in the form of meme coins. Currently, the price of each DOGE is $0.088 (approximately Rs.6.85), while the price of SHIB token remains at $0.0000012 (approximately Rs.0.000950).

Most cryptocurrencies have started trading today with decent profits, but the prices of many coins are not as high as they were in the past. till the time of writing Tether, USD Coin And Binance USD As stablecoins remained in losses. CoinMarketCap’s accordingAt present, the total market cap of the crypto sector stands at $1.25 trillion (approximately Rs 97,50,067 crore).

Meanwhile, TerraForm Labs has launched a new blockchain named Terra Classic. Its native token LUNA has been witnessing a lot of volatility due to the de-pegging of the Terra Blockchain. Its value has gone down a lot in the past.

Regarding the current cryptocurrency market, the research team at CoinDCX crypto exchange told Gadgets 360 that we remain optimistic about the development of crypto in the future. It has immense potential to revolutionize the way we live, work and play.