Cryptocurrencies Price Prediction: Bitcoin, Luna Classic and Ripple – European Wrap 9 November
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Here’s what to expect after FTX’s collapse
Bitcoin price, along with Ethereum, Ripple and other altcoins, has undergone a massive sell-off over the last 24 to 48 hours after the recent collapse of Sam Bankman Fried’s exchange FTX.
Luna Classic price bleeds, Do Kwon hit with new $56.9 million lawsuit
Terraform Labs CEO and co-founder Do Kwon has been issued with a class-action lawsuit for $56.9 million in damages, on behalf of 30 disgruntled international investors. Meanwhile, Terra’s resurrected token LUNC witnessed substantial declines on the back of current crypto market volatility, and analysts say it has lower to go.
XRP price action set to fall 25% as crypto image relives a PR nightmare with FTX
Ripple (XRP) price action is undergoing another exodus of cash and investors as of last night. Not only did the nervousness around the midterms scare investors away, but the possible blow-up of the FTX exchange created a resurgence in fear among traders. Binance’s sudden announcement that it would be acquiring FTX points to foul play and has created an atomic meltdown of FTX’s related coins, such as Solana. The enormous spillover effect brings back memories of the LUNA debacle earlier this year when the stablecoin almost defaulted because of its liabilities against the stronger dollar.
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