Bitcoin
BTC$29 934.82

1.78%

Ethereum
ETH$2 007.56

1.61%

Tether
USDT$0.998816

0%

USD Coin
USDC$1.000095

-0.01%

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BNB$317.29

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XRP$0.417370

0.55%

Crypto bounce sees Waves, Internet Computer gain 80%–110% on rebound


20 May 2021

#Waves

Price rebounds following the recent market crash exceeded 100% as the market was subject to a volatile bounce. The ripples created by the cryptocurrency market crash, which saw $1.1 trillion evacuate the global market capitalization in a matter of days, continued to reverberate on Thursday as a majority of coins experienced notable rebounds.

After losing 64% of its value since May 12, when it fell from $40.50 to $14.43, the multipurpose blockchain project Waves experienced a 95% bounce for its native WAVES token earlier on Thursday. WAVES' price climbed to $28.09 shortly prior to publication, in effect paring the coin’s weekly losses to just over 25% for the time being.

Internet Computer, a recent entrant to the top 10 by market capitalization, also saw a strong bounce with its native ICP token. ICP's price soared to over $600 just after it commenced trading on May 10. By Wednesday, the coin's price had fallen to $100 — a loss of 81%.

But by Thursday, ICP had rebounded to the tune of 117%, climbing to a price of $217. The coin’s daily trading volume rose to its highest value to date, with over $1.6 billion worth of ICP changing hands on the day. Bounces like these are not unexpected during tumultuous times in the cryptocurrency market, and many day traders rejoice in the opportunities afforded them by such attractive, yet dangerous, volatility.

Bitcoin’s (BTC) bounce was less pronounced, but it still managed to gain close to 30% on its then value of $31,000 as it climbed back to over $40,000. The price of recent gainer Dogecoin (DOGE) sank 67% over the course of the previous seven days, dropping to the $0.23 range after peaking at $0.73 just days earlier. Dogecoin’s 78% rebound from $0.23 to $0.420 was notable on Thursday, as it saw the coin price return to a humorous peak previously set by traders on April 20, or 4/20 day.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 62% 84 $29 934.82 1.78% -0.24% $570 155 412 455 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 57.6% 88 $2 007.56 1.61% -2.93% $242 675 827 692 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.8% 1 $0.998816 0% 0% $73 188 354 064 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 94.8% 1 $1.000095 -0.01% -0.04% $53 079 922 596 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 57.6% 88 $317.29 1.95% 5.85% $51 806 482 641 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 57.6% 89 $0.417370 0.55% -1.80% $20 176 973 309 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 96% 1 $1.000299 -0.07% -0.21% $18 523 259 070 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 56.8% 91 $0.534723 0.58% -3.52% $18 041 039 601 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 60.8% 88 $51.51 2.60% -5.15% $17 476 863 461 SOL 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 60% 92 $0.085229 0.69% -4.68% $11 307 457 743 DOGE 7 days price change
11 Polkadot (DOT) DOT Polkadot predictions 62% 87 $10.04 1.41% -8.59% $9 919 095 445 DOT 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 55.6% 90 $31.30 4.63% -10.31% $8 424 224 555 AVAX 7 days price change
13 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 60.4% 84 $29 951.16 1.77% -0.33% $8 284 578 704 WBTC 7 days price change
14 TRON (TRX) TRX TRON predictions 72.8% 53 $0.076605 3.56% 11.72% $7 411 701 223 TRX 7 days price change
15 Dai (DAI) DAI Dai predictions 93.2% 1 $1.000651 -0.01% 0.09% $6 532 948 110 DAI 7 days price change

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