Cryptocurrencies Prices on May 12:
- Currently at $28,351 on May 12, 2022, the BTC has declined 4.63% in the last 24 hours.
- ETH falling to $1748.3. In the last 24 hours.
- In the last 24 hours, the Cardano has dropped by 16.40%.
- DOGE fell by 5.59%.
- Polkadot fell down with the rest of the altcoins by 3.14% in the last 24 hours
Bitcoin (BTC)
Currently at $28,351 on May 12, 2022, the BTC has declined 4.63% in the last 24 hours. Even in these challenging times, the BTC reached a high of $29,553. However, the coin hit rock bottom with a price of $26,350 earlier on the day. Note that this 60.21% decline is the lowest for the coin in the last 52 weeks.
The considerable decline is not just limited to the BTC, the pioneer of the cryptocurrency market. This downward trend of the number one cryptocurrency has also adversely affected altcoins. Apart from that, the BTC sink has affected the income of both mining companies and exchange platforms.
Ethereum (ETH)
Being the second most popular cryptocurrency, Ethereum still holds its ranking. However, it had to face the same sink as BTC, falling to $1748.3. In the last 24 hours, the ETH sank by 9.99%. However, the coin regained its value by rising to $2023.64 at the time of writing.
It will take a significant amount of time for the larger market to show us any good movement, but it is in unstable condition for now. The fear index is down to the lowest for the second time this year. It is recommended that the investors keep their assets close until we see any improvement in the market.
Cardano (ADA)
As of Thursday, May 12, 2022, the current ranking of Cardano (ADA) is in the 8th spot. In the last 24 hours, the cryptocurrency has dropped by 16.40%. This should not be a surprise since the cryptocurrency market is facing a downfall.
On May 12, the price of Cardano (ADA) reached the day’s lowest value of $0.4065 at earlier on the day. However, near the day’s end, the coin reached the day’s highest value of $0.4983 at the time of writing. Currently, the ADA stands at $0.4856. We may see a correction to around $0.60 in the coming weeks if buyers can hold the current level by the end of this week.
Dogecoin (DOGE)
On May 12, Dogecoin saw the bottom with a price of $0.07004 and the day’s high of $0.08542. In the last 24 hours, following the same trend as the rest of the market, the DOGE fell by 5.59%.
According to the experts, currently holding the 10th spot in the crypto market, the DOGE is still a great investment option. Its low price still makes it an attractive coin for buyers because you can buy about 282000 DOGE with 1 BTC. But, of course, when BTC and ETH take off, the DOGE will get you high percentage rewards.
Polkadot (DOT)
On May 12, 2022, DOT is standing as the 11th best coin in the market. The coin fell down with the rest of the altcoins by 3.14% in the last 24 hours. On May 12, the price of DOT went as low as $7.3235, allowing an opportunity for the buyers. Showing a steep rise, the coin got back up to $9.1933 at the time of writing, and it is still showing a positive trend. Considering the market’s condition these days, a downward trend is expected in the coming days.
