News Report
June 06, 2022

MPost Markets: Cryptocurrency prices rise

Metaverse Markets' Review

Cryptocurrencies are experiencing a slight increase in value.

Bitcoin price has risen again over the weekend and is now trading at $31,408.19, a 6.10% increase since yesterday. The coin’s price seems to be oscillating between $29K and $32K, but it hasn’t yet surpassed the $32K mark.

MPost Markets: Cryptocurrency prices rise
Bitcoin price over 22 hours. Source: CoinGecko.

“BTC remains weak until it conclusively breaches the $31k to $32k range,” Joe DiPasquale, the CEO of crypto fund manager BitBull, told CoinDesk. “However, we continue to see some buying below $30K that is keeping the price afloat.”

Ethereum’s ether is also in the green. The 7.08% rise it has experienced means the coin is now $1,905.01. Binance’s BNB’s price is up by 4.37%, Cardano’s ADA by 12.96%, XRP’s by 3.43%, and Solana’s by 11.58%. The prices of eCash XEC, Helium HNT, and Theta Network THETA have surged the most, up by 18.06%, 17.16%, and 14.17%, respectively.

Similarly, metaverse cryptos are doing well. Flow price is up by 4.99%, Decentraland’s MANA by 8.33%, Tezos XTZ by 11.73%, and ApeCoin APE by 4.52%. Alethea Artificial Liquid Intelligence Token ALI jas undoubtedly experienced the most significant price jump out of all coins used in the metaverse, with the price up by 17.31%.

Seeing as nearly all coins are in the green, it’s no surprise the Metaverse Index price is also on the rise. With a price uptick of 9.24%, it is now trading at $54.48.

While it’s exciting to see all cryptos performing well, it’s too early to make any favorable prognosis. The cryptocurrency market remains volatile, and it’s likely going to be a while before we see a long-term upsurge in prices.

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Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Karolina is a writer and journalist with a background in literary studies. She loves exciting tech solutions and art, and NFTs are often a perfect amalgamation of the two. Outside of work, she’s a plant mom, a vintage fashion enthusiast, and a gamer.

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Karolina Gaszcz
Karolina Gaszcz

Karolina is a writer and journalist with a background in literary studies. She loves exciting tech solutions and art, and NFTs are often a perfect amalgamation of the two. Outside of work, she’s a plant mom, a vintage fashion enthusiast, and a gamer.

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