Finance

May 18 Highlights: Major Cryptos Down, KNC and Chiliz Lead the Way

The crypto market as a whole is bearish with most of the top 100 coins in the red at the time of writing.

Top Cryptos

Most major cryptos saw small losses of up to 2% in the past 24 hours, including Ethereum, BNB, XRP, and Solana. Bitcoin is down more than 1.5% in the last 24 hours and was trading just under $30,000 at the time of writing.

Polkadot, down almost 5%, and Avalanche, down more than 3%.

Top Movers

Outside of the top 20, the trend was similar, with most coins losing 3-5% of their value. Notable losers include Maker and The Graph, each down 8%, and Celo with -7%. Kadena lost 11% of its value today.

TerraUSD is down another 18%, now trading at a tenth of its previous value.

Among the winners, the Kyber Network Crystal v2 token is leading the way. KNC gained 22% yesterday and added another 26% to its value today, retesting last week’s highs.

Chiliz comes in second with 12% at the time of writing. CHZ, the native coin of the world’s first tokenized sports exchange, began rallying after the ecosystem’s Scoville Testnet Phase 2 went live.

Convex Finance, Klaytn and KuCoin Token complete the list of winners with increases of 4%, 6% and 5% respectively.

Tendency

The biggest winner today is Pledge Coin (PLG), a cryptocurrency token that runs on the Ethereum platform.

Pledgecamp is a next-generation crowdfunding platform that uses smart escrow contracts to protect investors and hold project creators accountable. He gained 440% today.

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