5 Cheap Cryptocurrency to Buy for Short-Term Profits – May 2022

Investors trying to diversify their portfolios are flocking to the leading cryptocurrencies. However, now that many developing businesses are embracing cryptocurrencies as valid forms of .

Timeline of Cardano, Dogecoin, Lucky-block, Polygon, Stellar

Bitcoin price climbed above the USD 30,000 resistance level and is currently (11:45 UTC) consolidating gains above USD 30,500. BTC jumped almost 7% in a day, trimming its weekly losses to less than 17%.

It's no longer news that Dogecoin is Elon Musk's favorite cryptocurrency. The meme cryptocurrency has since gained popularity and price pushes since the Tesla founder began endorsing it.

The ADA/USD price shows recovery after going through a massive loss yesterday, as per Cardano price analysis. The price stooped as low as $0.471 from $0.631 in a heavy sell-off that lasted for the past two days.

Dogecoin, the most popular meme cryptocurrency, has dropped 30% in the last 24 hours, but has already started to rebound. Someone moved around 250 million Dogecoins during this enormous price drop, with little more than half of that amount going to Robinhood.

Dogecoin price analysis confirms a bearish reading for today, continuing on a larger decline in the cryptocurrency market. Dogecoin shipped more than 5 percent over the last 24 hours, with price moving to a 13-month low of $0.70.

With each turn of the market, there are always cryptocurrencies that make it to the top as the most-liked coins among investors. This time around, a survey that was carried out between January 2021 and January 2022 has shown the favorite cryptocurrencies among investors.

Cardano (ADA) founder Charles Hoskinson says large corrections are routine parts of the crypto industry and that the hysteria surrounding the latest market crash is inflated. In a new video update, Hoskinson says that seasoned investors seem unfazed by the most recent sharp market downturn as they have witnessed similar-sized corrections in the past, while The post Cardano Founder Charles Hoskinson Says Fears of Crypto Market Collapse Overblown, Sets Timeframe for Recovery appeared first on The Daily Hodl.

Despite the majority of tokens trading in red on Thursday, AXS was up by over 20% in today's session. While LUNA dropped below $0.01 earlier today, MATIC was another notable crypto to fall, dropping to its lowest point since last April. Axie Infinity (AXS) AXS was one of the biggest gainers in crypto markets on

Post the ongoing bloodbath, the global market cap crashed all the way down to the $1.25T-mark at press time. As a result, Cardano, Dogecoin, and Shiba Inu found newer multi-month lows while their 4-hour technicals flashed oversold readings.

Polygon price analysis suggests that the cryptocurrency has entered a bearish trend after losing 14 percent of its value overnight. The price is currently trading near the $0.87 level and is facing resistance at the $0.90 level.