Daily Crypto News

May 10 Daily report: SpaceX payload funded by DOGE plans to reach lunar orbit in 2022, Cardano smashes a new all-time high, Elon Musk on Saturday Night Live, Ether Price Pushes Past $4K for the First Time and BTC to reclaim $60000

Ether Price Pushes Past $4K for the First Time, Approaches JPMorgan’s Market Value

The ether price, already up a dizzying five-fold this year, extended its early Monday, pushing past the psychological milestone of $4,000 for the first time. Ether, the native cryptocurrency of the Ethereum blockchain and the second-biggest overall, went as high as $4,070. Ether’s market capitalization now stands at roughly $470 billion, approaching the $488 billion stock-market valuations for JPMorgan Chase, the largest U.S. bank. Ether Price Pushes Past $4K for the First Time, Approaches JPMorgan’s Market Value

SpaceX payload funded by DOGE plans to reach lunar orbit in 2022

SpaceX founder Elon Musk has repeatedly hinted — perhaps jokingly — on Twitter that Dogecoin will be the first cryptocurrency to “literally” reach the moon. Musk’s social media activity has likely been responsible for a number of price surges for the token, which has risen more than 800% in the last 30 days to reach $0.55 at the time of publication.

Cardano smashes new all-time high following 14% gain

With a value of nearly $58 billion, ADA has flipped Tether in the market cap rankings. Cardano’s ADA cryptocurrency surged on Sunday, bringing the smart contract platform back into elite territory in terms of market capitalization rankings.  ADA charted 14% growth to reach $1.83 on major exchanges, marking a new all-time high.

Dogecoin dumps the following mention from Elon Musk on Saturday Night Live

While the crowd seemed to enjoy his performance, DOGE traders soured on Elon Musk’s shout-out. In the minutes afterwards, $DOGE dumped upwards of 25%, falling as low as $.50 from $.66 highs at the start of the show. It has since partially recovered, trading at $.52 at the time of publication.

BTC to reclaim $60000 as liftoff to $65,000 catches momentum

Bitcoin has over the weekend session brushed shoulders with $60,000. A continued movement into the overbought region will prove to investors that the uptrend is intact, and therefore, it is probable to speculate BTC’s rise to $65,000. Meanwhile, Bitcoin must make one last break above $60,000 to affirm the breakout. 

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