What would happen if Terra's LUNA price dips below $2
Terra's LUNA price sideways action is finally starting to make sense. Since the cataclysmic sell-off, the range-bound consolidation has produced both diminishing returns and losses between each directional shift. On July 6, 2022, the technicals display a coiling triangle pattern which justifies the lackluster price action investors of the LUNA price have been experiencing.
How Shiba Inu’s new stablecoin is built to avoid TerraUSD-like crashes
Shiba Inu developers are working on exciting developments in the ecosystem in Shibarium, TREAT and SHI. Shytoshi Kusama addressed the ShibArmy and alleviated their concerns about the new stablecoin. Kusama assured Shiba Inu holders that SHI will not face the same fate as Terra’s UST.
Why XRP traders should be careful around the current price levels
Ripple price (XRP) is seeing investors holding their breath and awaiting where price action might lead them in the coming days. Although most cryptocurrency traders do not look at the bond market and certainly not the US yield curve, it could become obligatory as yields are more important than one would think. For the third time this year, the rate on the US 10-year bond dipped below the US 2-year bond, which is the canary in the coal mine. Once it remains persistent, it will confirm that a recession is happening, with the necessary repercussions for Ripple price action.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Google, Apple could remove Binance from their app store on Philippines SEC request
The Philippines SEC has requested Google and Apple to remove applications controlled by Binance from their App stores. The exchange’s Philippines-based users are finding the exchange inaccessible to remove their funds.
XRP rallies as Ripple slams SEC for penalties, asks regulator to establish likelihood of future violations
Ripple filed its response to the SEC lawsuit on Monday, arguing that XRP institutional sales before and after the court ruling show no disregard for the law. The firm asks for a civil penalty of no more than $10 million against the $2 billion requested by the SEC.
Here’s why Ondo price hit new ATH amid bearish market outlook Premium
Ondo price shows no signs of slowing down after setting up an all-time high (ATH) at $1.05 on March 31. This development is likely to be followed by a correction and ATH but not necessarily in that order.
PENDLE price soars 10% after Arthur Hayes’ optimism on Pendle derivative exchange
Pendle price is among the top performers in the cryptocurrency market today, posting double-digit gains. Its peers in the altcoin space are not as forthcoming even as the market enjoys bullish sentiment inspired by Bitcoin (BTC) price.
Bitcoin: BTC post-halving rally could be partially priced in Premium
Bitcoin (BTC) price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?