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Shiba Inu, Ethereum Classic, Polygon — May's Best Performing Cryptos

Shiba Inu, Ethereum Classic, Polygon May s Best Performing Cryptos
Benzinga
2 hrs ago
© Provided by Benzinga
The global cryptocurrency market has lost 26.6% in terms of market capitalization in May as values of several cryptocurrencies including
Bitcoin (BTC) eroded, but there were several coins that bucked the trend.
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Shiba Inu (SHIB), which appreciated 433.27% in the month, followed by
Telcoin (TEL) which soared 187.71%.
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Other notable gainers included
Polygon (MATIC) and
Ethereum Classic (ETC), both of which spiked 148.4% and 60.35% respectively in May. At press time, MATIC traded 4.75% higher at $1.92 and ETC traded 8.3% higher at $69.23 in a 24-hour period.
Notable gains were also made by ....

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Telcoin Crypto Clocks YTD Gains Of Over 30,000%: What's Going On?

Ethereum (ETH)-based cryptocurrency traded above 20% at press time in the early hours of Monday.
What Happened: TEL traded 24.12% higher at $0.54 and was up 264.83% on a seven-day trailing basis. In terms of weekly gains, TEL was placed on the third spot behind
SHIBA INU (SHIB) and
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TEL has racked up year-to-date gains of a whopping 30,496.25%. In comparison, the apex cryptocurrency
Bitcoin (BTC), has managed gains of 102.73% since the year began. BTC traded 0.85% lower at $59,120.94 at press time.
Last week, Telcoin’s official Twitter account posted that a bill in the Nebraska legislature centered around digital asset depository institutions connecting consumers to cryptocurrency and decentralized finance or DeFi in a “safe and compliant” manner had advanced from the committee stage. ....

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Bitcoin (BTC) Rallying Back, Ethereum (ETH) and The Alt-Coin Market Soar to Record-Breaking Highs

Bitcoin (BTC) Rallying Back, Ethereum (ETH) and The Alt-Coin Market Soar to Record-Breaking Highs
2021-05-08 05:00:00
Nick Cawley,
Strategist
Bitcoin (BTC/USD), Ethereum (ETH/USD), and Alt-Coin Analysis and Charts:
Bitcoin - battling back but losing ground.
Ethereum – up, up, and away.
Dogecoin – potential for a huge bout of Musk-inspired volatility?
SEC - cryptocurrency exchanges need a regulatory framework.
Bitcoin is paring back recent losses and is pushing higher but it is unable to keep up with the breakneck rally in Ethereum (ETH) and a swathe of alt-coins that continue to print record highs. Bitcoin’s market dominance has fallen to just below 45% compared to around 70% at the start of the year, while the total cryptocurrency market capitalization now stands at a record USD2.4 trillion. The swing from Bitcoin to other coins – alt-coin season – is one of the main talking points in the market and is likely to continue, volatile pri ....

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As Dogecoin Rally Mutes, 'Cheaper' Ethereum, Bitcoin Look-Alikes Stike Massive Gains

ETC reached an all-time high of $176.16 on Thursday and has declined 24.75% from those levels.
Why It Matters: Ethereum Classic emerged as a result of a hard fork of the
Ethereum (ETH) blockchain in 2016. Bitcoin Diamond is a fork of
Bitcoin (BTC) that took place in 2017.
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ETH traded 0.98% lower at $3,456.75 at press time, while BTC traded 1.3% lower at $56,292.17 at press time.
ETC’s year-to-date gains have outpaced those of both BTC and ETH and it has captured the attention of social media investors.
Synergia Capital’s head of research, Denis Vinokourov, said the appreciation in ETC “appears to be dominated by ‘cheaper’ Ethereum play and retail flow that has pushed DOGE to sky-high levels,” according to CoinDesk. ....

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As Dogecoin Rally Mutes, 'Cheaper' Ethereum, Bitcoin Look-Alikes Strike Massive Gains

ETC reached an all-time high of $176.16 on Thursday and has declined 24.75% from those levels.
Why It Matters: Ethereum Classic emerged as a result of a hard fork of the
Ethereum (ETH) blockchain in 2016. Bitcoin Diamond is a fork of
Bitcoin (BTC) that took place in 2017.
See Also:
ETH traded 0.98% lower at $3,456.75 at press time, while BTC traded 1.3% lower at $56,292.17 at press time.
ETC’s year-to-date gains have outpaced those of both BTC and ETH and it has captured the attention of social media investors.
Synergia Capital’s head of research, Denis Vinokourov, said the appreciation in ETC “appears to be dominated by ‘cheaper’ Ethereum play and retail flow that has pushed DOGE to sky-high levels,” according to CoinDesk. ....

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