Crypto Biz: Luna’s meltdown will live on in infamy, May 5–11, 2022
The cryptocurrency market has seen a lot of dark days in its history, but few compare to the events of the past week. Terra’s meltdown forced cryptocurrency investors to ask a question they never thought was possible: Will TerraUSD (UST) or Terra (LUNA) reach $1.00 first? The magnitude of this question provides a sobering reminder of just how quickly things can change in crypto. While Terraform Labs co-founder Do Kwon remains defiant, many people in the industry are beginning to distance themselves from the protocol they thought was delivering real-world utility for stablecoins and Bitcoin....
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LUNA’s price still risks correcting, however, with a weakening RSI and decreasing trading volume. A technical setup that preceded an 80% price rally in the Terra (LUNA) market in August 2021 has appeared again.LUNA paints bullish MACD crossoverThe technical setup involves a so-called “signal line crossover” between LUNA’s weekly MACD line — equal to the difference between the token’s 12-week and 26-week moving averages (MA) — and the nine-week MA called the signal line, plotted above the zero line, as shown in the chart below.LUNA/USD weekly MACD illustration. Source: TradingViewTogether,....
Much Party. When: Friday, April 4th, 2014 7:00pm-1:00am. Where: Meltdown Comics & Collectibles. 7522 Sunset Blvd, Los Angeles, California 90046. Who: Shibes only. Admission: Free. Spelunk.in has decided to take the party to the west coast. This Friday, April 4th, Meltdown Comics & Collectibles will be hosting a one-of-a-kind DogeParty. Yes, this is an actual party starting at 7:00pm and running to about 1:00am on the wonderful Sunset Boulevard. You can adopt-a-dog with doge because real shiba inus and cousins will be there thanks to two shiba inu rescue centers. You can also vote for your....
YFI has been among the worst-hit tokens in an ongoing meltdown that has wiped $65 billion from the cryptocurrency market. As of 1223 GMT Tuesday, YFI/USD was trading about 47 percent lower from its all-time high at $44,003. The pair’s downside correction followed a major rally that brought it up by more than 2,500 percent […]
Cryptocurrency prices are plummeting. According to one estimate, crypto assets have lost around $1.35 trillion ($1.9 trillion) in value since November, with some crypto price crashing by as much as 80%. Many investors are in a tight spot. The good news is that world economy isn’t poorer. As a result, there won’t be much of an economic response to the new prices. Crypto Price Fall Dominates Headline The recent crypto news has been dominated by the price collapse of numerous major currencies. Since November, the price of bitcoin has been dropping. The price of cryptocurrencies....