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Cryptocurrencies Price Prediction: Terra, Bitcoin & Shiba Inu — Asian Wrap 01 August [Video]

Here’s the next move in LUNA, new DAO infrastructure for Terra

The Enterprise Protocol, a new standard infrastructure for building DAOs on Terra could be LUNA’s next move, according to sources close to the matter. Entropy Beacon, a decentralized and secure on-chain protocol, recently went live on the Terra blockchain. 

Here’s why Bitcoin is closer to the greatest bull market of all time

Bloomberg Intelligence strategists are eyeing a potential Bitcoin bull run in the second half of 2022, according to Mike McGlone. Several indicators that predicted previous Bitcoin price rallies had hit similar levels as seen before a bull run begins. 

719 million Shiba Inu tokens destroyed, burn rate explodes overnight

Shiba Inu burn reduced the circulating supply of the meme coin, pulling 719 million out permanently. A spike in burn rate fuels a bullish sentiment among investors. Analysts have a bearish outlook on Shiba Inu price and identified ways to trade SHIB profitably despite the decline. 

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Ripple faces persistent bear risks, shrugging off ETF inflows

Ripple is extending its decline for the second consecutive day, trading at $2.06 at the time of writing on Friday. Sentiment surrounding the cross-border remittance token continues to lag despite steady inflows into XRP spot ETFs. 

Luna Classic soars 20% as Do Kwon's sentence hearing looms

Luna Classic surges 20% on Friday, extending its recovery for the fourth consecutive day. Roughly 959 million tokens have been burned in December so far, fueling LUNC's recovery.

Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Bitcoin (BTC) is steadying above $91,000 at the time of writing on Friday. Resistance at $94,150 capped recovery on Wednesday, but in the meantime, bulls have contained downside risks above $90,000. 

Ethereum strengthens against BTC post-Fusaka, targeting $3,200 breakout

Ethereum trades above $3,100 on Friday, with bulls aiming for a breakout above a two-month-old resistance trendline. Ethereum gains strength against Bitcoin as demand for the major altcoin increases after the Fusaka upgrade.

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Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Bitcoin (BTC) is steadying above $91,000 at the time of writing on Friday. Resistance at $94,150 capped recovery on Wednesday, but in the meantime, bulls have contained downside risks above $90,000.