Der Relative Stärkeindex deutet immer mehr darauf hin, dass für BTC womöglich schon bald die Trendwende bevorsteht.
Falscher Alarm – CertiK warnt irrtümlich vor „Betrugsprojekt“ Crypto Cars
Ein Missverständnis hat dazu geführt, dass CertiK das Krypto-Projekt fälschlicherweise als „Rug-Pull“ identifiziert hat.
Land in Sicht – Läuten die großen Jungs für Bitcoin die Trendwende ein?
Der Derivatehandel bewegt sich immer mehr auf einen „Reset“ zu, wodurch für Bitcoin ein baldiger Aufschwung in Reichweite gerät.
Terra Luna suffers an 18% loss in 24hours
- Terra Luna was born out of the need for market stability in the crypto market.
- Luna’s value has seen an 18% decrease during the last 24 hours, a 50% drop from the all time high of $103.3400 on December 27.
- Price expected to bottom out at around $25, close the day at $33.
Terra platform was created in 2018 by Daniel Shin and Do Kwon. The pair’s motivation was a novel digital currency which would fit the current economy’s elasticity. Terra was conceived to be both stable-priced and driven by growth to attain price stability through a variable money supply, powered by unchanging mining enticements.
Terra is an algorithmic-based, decentralized, and investor profit sharing style stablecoin-generating system and platform comprising several stablecoins ($UST) and the native token Luna. Currently, Terra is among the top 10 cryptocurrencies with impressive numbers.
It has a market cap of $19,286,510,087 24, hourly trading volume of $3,007,537,766, fully diluted valuation of $48,152,817,826, circulating supply of 400,527,133, total supply of 818,249,192 and maximum supply of 1,000,000,000.
Source – TradingView
The utility coins mint UST token and staked on the Luna supply. When a lot of the tokens are staked and it offsets the token supply, it doesn’t take a lot of people unstaking the market and turning it fearful causing more people to unstake.
Secondly, it is their savings account protocol that is paying 19.5% APY interest. The high payout rate has seen deposit amounts to the Anchor protocol increasing exponentially quicker than the amount that is being borrowed. This broadening rift negatively affects the yield reserves.
After having gone through an impulsive move up until mid-December 2021, a massive sell off saw a price drop before overshooting to the all-time high of $103.3400 on December 27. Since then the coin has started a correction trend with a 50%+ drop in price, 30% down in the last week, and an 18% drop within the last 24 hours expected to end the day at around $33.
Renowned traders are expecting the low price to max out at around $25 before an upward trend resumes. Increased borrowing, an injection of capital into yield reserves, and a rise in Bitcoin price are expected to see the price of Luna among other coins rise fueled by investor confidence.
The post Terra Luna suffers an 18% loss in 24hours appeared first on Coin Journal.
Analysts point to concerns in DeFi as Bitcoin stalls below $40,000
- S&P 500 has remained relatively unchanged.
- Popsicle Finance’s ICE has plummeted 22% in the last 24 hours.
On Friday, Bitcoin (BTC) was trading at over $37,000, up around 3% in the previous 24 hours. In the meantime, after a tumultuous week, several alternative cryptocurrencies have begun to settle.
Analysts were also looking for signals of a probable stock market rebound, stimulating crypto purchases. Over the last week, the S&P 500 has remained relatively unchanged, contrasted to a 1% increase in BTC and a 3% loss in ETH.
Investors continue to retreat from US equities despite the predicted adjustment of the US Federal Reserve’s fiscal and monetary policy. More investors may begin to cut their risky asset holdings if the selling proceeds, with cryptocurrencies being the first to be impacted. As a result, a price comeback might be restricted in the near term.
Furthermore, given macroeconomic challenges, several experts are apprehensive about a repeat of 2017-2018. However, it looks that winter has arrived, as seen by the over 40% dip in BTC from its all-time high of about $69,000 in November.
Is there a systemic danger in the crypto markets?
The current underperformance of various cryptocurrencies and decentralized finance (DeFi) tokens suggests that crypto markets are riskier. When there is a lot of volatility, some traders may switch to bitcoin, which is less dangerous in the crypto market.
Source – TradingView
The value of tokens linked to the Wonderland developer has plummeted
Popsicle Finance’s ICE has plummeted 22% in the last 24 hours, Wonderland’s TIME has down 15%, and Abracadabra’s SPELL has dropped 15%. Daniele Sestagalli’s coins have garnered a loyal following in previous months due to his community-focused orientation to crypto projects. At one point, his procedures were valued billions of dollars, but those riches have since evaporated.
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