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Major cryptocurrencies are trading sideways at price today, with Bitcoin at the same price as yesterday.
The cryptocurrency market cap has stayed in a range between $850-$900 billion since the end of June. Cryptocurrency prices are not as low as they were on June 19th – when the market cap fell under $800 billion – but they're not far off.
XRP is up in price today and has flipped the market cap of Cardano (ADA) to claim 7th place in the crypto market cap rankings.
The Sandbox has jumped to 34th in the crypto market cap rankings and is threatening to take the top metaverse coin spot from Decentraland (MANA) in 33rd place.
TerraClassicUSD (USTC) is on yet another price pump and is up 10% today – USTC is trading at a price of $0.06445.
Bitcoin finished the week ending July 3rd with a red candle.
The Bitcoin price is $19,100 today. Bitcoin fell below $20,000 on June 30th and has been unable to recover above this price in the last five days.
Bitcoin has fallen under $19,000 in price multiple times but is finding support. The Bitcoin price today is still firmly in bear market territory as it remains below the 200-week SMA at $22,544.
In July 2022, the Bitcoin price is the lowest since December 2020.
XRP is growing 1.7% in price today to reach a price of $0.3175.
The XRP market cap of $15.3 billion has flipped to Cardano – which has a market cap of $15.2 billion. Both cryptocurrencies have been fighting for 7th place in the crypto market cap rankings with XRP on top today. ADA has a price of $0.4484 today.
Cardano is ahead of its fellow Ethereum rival Solana, which has a market cap of $11.2 billion and a price of $32.78 today.
The Sandbox is up 4% in price today as it sits at position 34 in the crypto market cap rankings – just behind Decentraland (MANA).
The Sandbox has a price of $1.07 and a market cap of $1.3 billion.
Decentraland meanwhile has a price of $0.8395 and a market cap of $1.5 billion today.
Both The Sandbox and Decentraland are Ethereum-based games where users can buy virtual land plots and monetise their creations. Last week tech companies including Meta, Microsoft, and AliBaba announced the formation of the Metaverse Standards Forum – causing the prices of both these tokens to pump.
The price of EverGrow Coin has pumped 10% in the past few hours as its website says the LunaSky NFT marketplace is 90% complete.
LunaSky will challenge the supremacy of OpenSea and other Ethereum-based NFT marketplaces by launching on the BNB Chain. While it can cost between $5-$50 dollars to mint NFTs on OpenSea, LunaSky costs just $0.20-$0.40.
OpenSea passes the minting costs onto customers, and many NFT collections announced they were raising ETH prices to make up for the drop in Ethereum price.
LunaSky will be the first utility in the EverGrow Coin ecosystem.
EverGrow Coin is a reflection token that charges a 14% transaction tax and instantly distributes 8% of it to all investors as BUSD.
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