What would happen if Terra’s LUNA price fell below $ 2
The side action on Terra’s LUNA prices is finally starting to make sense. After the catastrophic sell off, range-bound consolidation produced both diminishing returns and losses between each change of direction. On July 6, 2022, the technical data is showing a spiral triangle pattern that justifies the lackluster price action that LUNA price investors are experiencing.
How Shiba Inu’s new stablecoin was created to avoid TerraUSD-like crashes
Shiba Inu developers are working on exciting developments in the Shibarium, TREAT and SHI ecosystem. Shytoshi Kusama turned to ShibArmy and dispelled their concerns about the new stablecoin. Kusama assured Shiba Inu owners that SHI would not suffer the same fate as the Terra MTS.
Why XRP traders should pay attention to current price levels
Ripple Price (XRP) sees investors hold their breath and wait where the price action could take them in the coming days. While most cryptocurrency traders don’t look at the bond market and certainly not at the US yield curve, it could become mandatory as returns are more important than you might think. For the third time this year, the 10-year US bond rate fell below the 2-year US bond rate, which is the canary in the coal mine. Once persistent, it will confirm that a recession is underway, with the necessary repercussions on Ripple’s price action.