Our crypto update today is a little earlier than usual. So we take a look at the live Bitcoin price and the prices of the top 25 crypto after the close of the European market. The U.S. trading day is about halfway over. Then we share updates on Cardano (ADA), Ripple (XRP) and Cronos (CRO). Finally, we look at how the famous artist Salvador Dali appears in the Metaverse.
We begin, of course, with the live Bitcoin price and the prices of the top 25 crypto.
Live Bitcoin price and prices top 25 crypto drop
At the time of writing, the live Bitcoin price is quoting EUR 27,707.20 ($29,514.72). This is 2.39% lower than yesterday around this time and 3.23% lower than during our crypto update from yesterday which appeared later.
The prices of the top 25 crypto are also currently falling. Apart from the stable coins and a plus of +0.14% for Stellar (XLM), we only see red numbers. Solana (SOL) is currently recording the most losses with -6.70%. On the site of Tradeincrypto.com you can analyze all live crypto prices 24 hours a day.
What can we expect from the Bitcoin price over the weekend and the coming week?
We see that the Bitcoin (BTC) price is falling and many analysts had already taken this into account. Are you curious what we can expect from the Bitcoin price this weekend and next week? You can read about it in our Bitcoin update that we posted this afternoon.
Crypto investors are warming up to Cardano (ADA), here’s why
One of the crypto that regularly stands out with hefty price gains is Cardano (ADA). This is because the dev team is busy working on updates that are enthusiastically received. After the previously discussed Vasil hard fork, they are now announcing more innovations.
They are working on a new peer-to-peer stable coin called Djed (named after the symbol for stability in ancient Egypt). They are also making an overview of Dapps available, so that investors can follow updates of projects. Furthermore, they want to optimize scalability. With all these innovations, Cardano (ADA) is back as the number one “ethereum killer.
As we saw earlier, this can lead to a hefty price increase of up to 50%. Today this flight in price will not start yet as the live Cardano (ADA) price is at $0.556 a loss of 4.87% compared to yesterday.
Ripple (XRP) crypto alert, what’s going on?
Investors are watching developments at Ripple (XRP) with an oblique eye. So far, this has focused on the ambitious future plans of Ripple Labs, but today the focus has been on huge transactions.
Indeed, Whale Alert reported 7 large XRP transactions that moved a whopping 60.2 million XRP in total. As far as one can tell, these are mostly transactions between Ripple Labs wallets, but the size of the amounts makes investors alert. Is Ripple Labs preparing for the first of several announced acquisitions or is something else going on? Investors are cautious as the live Ripple (XRP) price falls 3.46% to $0.3852.
What are the long-term expectations for the Cronos (CRO) crypto?
Cronos (CRO) is the native token for the Blockchain from crypto.com. The coin has been on the market under this name since February and has since taken a permanent place in the top 25 crypto. Until then, the coin was known as the crypto.com coin (CRO) from 2018 Obviously, we are curious to see if this is a crypto coin that can provide returns.
The crypto.com Blockchain is mainly used for payment solutions and advanced trading options such as swaps. You can also stake CRO and earn interest that way.
If we look at the price trend of Cronos (CRO), we see that it entered the market in December 2018 at $0.01977. Currently, the live Cronos (CRO) price is $0.177038. Although this is 3.57% lower than yesterday, this means that the coin has already generated a 795.49% return since the first day of trading. Those who had bought the coin on the first day and sold it exactly at the CRO ATH ($0.9698) could even record a return of 4,805.41%.
Perhaps the investors should have done so, because many analysts do not see such high returns in the long run. They independently expect a sharp drop in the price first. By 2025 they see the price averaging $0.75 (and thus still below the ATH), while they foresee a price of $4.50 by 2030. Of course, you can read the entire Cronos (CRO) analysis here.
Salvador Dali in the metaverse
Finally, for the weekend, we share a nice glimpse into the possibilities offered by the Metaverse (one of the great developments in crypto). Indeed, a Metaverse exhibition by Salvador Dali is taking place in Barcelona in the fall. On Twitter, we see an impressive preview.
Twitter won’t load because you didn’t give permission.
| Dalí into the metaverse
A new immersive exhibition on the Catalan surrealist painter is due to launch in September, but check this clip out for a teaser
More on: https://t.co/YHcUYcuGAh pic.twitter.com/QikPNE8Vyd
– Catalan News (@catalannews) May 28, 2022
For now, of course, we wish you a great Whitsun weekend!
Want to stay up to date with the latest stock price developments?
You can always follow the developments yourself with our WANT crypto analyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live quotes 24 hours a day if you want to stay informed in real time. Are you interested in other investments besides crypto? Then our weekly Monday morning price forecast might be a reading tip. “Please note: We never give financial advice, so our contributions can’t be interpreted that way either. Always do your own research and decide on rational grounds if, when, what and how much you want to invest in.”