The increase in awareness and demand for cryptocurrencies is a major factor in determining their price. Not only this but the growing adoption methods also contribute a lot to the price charts.
As more and more consumers are exploring cryptocurrency, it causes a rise in values immediately. Therefore, different geopolitical factors and inflation rates affect the price charts on a large scale.
However, no one can guarantee where these price charts go but we can predict by looking at the daily price charts of some top-rated cryptocurrencies.
09 May GMT 19:00
Source https://fintechzoom.com/cryptocurrencies/
1- Bitcoin
According to the latest price reports, Bitcoin price has fallen down by 6% in the last few days which has affected its price chart greatly. As compared to other coins in the market, it is currently at a price rate of 30870.93 USD. This is with a 9.39% decrease from the last 24 hours.
Moreover, in the last 7 days, the coin has shown a 5.72% decrease from the current value.
09 May GMT 19:00
Source https://fintechzoom.com/cryptocurrencies/top-cryptocurrencies/bitcoin/
2- Ethereum
After the constant price downfall of Ethereum in the last few days, the blockchain developers have decided to test $2,250 before it gets further downfall.
With this, currently, it stands at a price rate of 2278.20 USD with a whopping decrease of 9.69% in the last 24 hours. Furthermore, Ethereum has also experienced a 3.34% decrease in the last 7 days.
09 May GMT 19:00
Source https://fintechzoom.com/cryptocurrencies/top-cryptocurrencies/ethereum-eth/
3- Ripple (XRP)
As compared to Solana, Ripple has an increased market capitalization and ranked number 6 in the crypto market. With this, it is at a price rate of 0.488 USD at the time of writing.
This is with a huge decrease of 14.74% in the last 24 hours. Moreover, in the last 7 days, the coin has experienced a downfall of 0.77% in the crypto market.
09 May GMT 19:00
Source https://fintechzoom.com/cryptocurrencies/top-cryptocurrencies/ripple/
4- Tether
According to coin market cap, the tether prices are going stable with a high trading volume in the market. At the time of writing, it stands at 30853.34 USD, with a 9.36% decrease in the last 24 hours.
Moreover, it has increased in the last few weeks and months with a price increase of 0.05% in the last 7 days and is now rising in the market.
09 May GMT 19:00
Source https://fintechzoom.com/cryptocurrencies/top-cryptocurrencies/tether/
5- Dogecoin
As the new leading crypto projects are rising among the investors, the dogecoin prices have plunged from last year. At present, it stands at a price rate of 0.1076 USD with a 13.30% decrease in the last 24 hours.
In the last 7 days, the coin has further experienced a downfall in the charts and an overall 7.70% decrease in the last 30 days.
09 May GMT 19:00
Source https://fintechzoom.com/cryptocurrencies/top-cryptocurrencies/dogecoin/
Final Thoughts
Overall, the crypto market has been experiencing a downfall in the year 2022 but that doesn’t mean the digital assets are going to die. The market has been performing slow with an all-time high in November 2021.
