{"id":240233,"date":"2022-05-30T11:00:46","date_gmt":"2022-05-30T10:00:46","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=240233"},"modified":"2022-05-30T10:47:21","modified_gmt":"2022-05-30T09:47:21","slug":"waves-stepn-helium-lead-top-100-crypto-recovery","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/waves-stepn-helium-lead-top-100-crypto-recovery\/","title":{"rendered":"Waves, STEPN, Helium lead top 100 crypto recovery"},"content":{"rendered":"

The total crypto market cap sees inflows of $57 billion, bringing double-digit gains for several mid-caps. Meanwhile, large caps also benefited, with Cardano and Solana posting the most significant gains in the top 10.<\/p>\n

Since May 28, inflows have steadily lifted the total market cap, with a sharp increase in the early hours of May 30, taking the peak to $1.276 trillion, representing a 12% increase from the local bottom on May 12.<\/p>\n

\"The
Source: CoinMarketCap.com<\/a><\/figcaption><\/figure>\n

Bitcoin back above $30,000<\/h2>\n

Following the Terra UST stablecoin crash<\/a> this month, crypto markets have been in freefall. During this period, the market cap has been trading between $1.138 and $1.328 trillion, with experts calling recent price action strong evidence of crypto winter.<\/p>\n

Nonetheless, bulls have lifted Bitcoin +6%<\/a>, taking it back above the psychological $30,000 level for the first time since a week ago.<\/p>\n

However, Cardano is the biggest top 10 gainer in the last 24-hours, up 12%, closely followed by Solana, up 9% over the same period.<\/p>\n

\"Top
Source: CryptoSlate.com<\/a><\/figcaption><\/figure>\n

Mid-caps have benefited the most in percentage terms, with Waves posting the biggest increase in the top 100, up 37% over the last 24-hours, followed by move-to-earn project STEPN<\/a>, up 27%. Helium took the third-highest spot with a 19% increase.<\/p>\n

Crypto recovery?<\/h2>\n

Macro Economist Henrik Zeberg<\/a> expects crypto markets to build on this relief rally and “soar [in the] coming weeks and months.”<\/p>\n

His expectations are for the “Lambo guys and experts,” who have been largely absent during this drawdown, to return in force.<\/p>\n

However, macro factors will eventually kick back in, resulting in another crash. Adding that crypto speculation is at the heart of this everything bubble.<\/p>\n

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#Crypto<\/a> hangover?<\/p>\n

Having said that\u2026 Crypto is going to soar coming weeks and months. All shitcoins will fly one more time. Lambo guys and experts will be out again\ud83e\udd26\u200d\u2642\ufe0f<\/p>\n

Remember -whatever narratives will be this time -Crypto is the very speculation that defines this market bubble pic.twitter.com\/GxbNjHTm76<\/a><\/p>\n

— Henrik Zeberg (@HenrikZeberg) May 30, 2022<\/a><\/p><\/blockquote>\n