Market Ranger

2022-05-30 10:12:30 ​​LUNA 2.0 price crashes 67% within hours casting doubt on the recovery path.

The recovery plan after the collapse of Terraform Labs’ stablecoin TerraUSD (UST) and its native token Terra (LUNA) began on a rocky path after the LUNA 2.0 cryptocurrency suffered a significant price correction hours after its launch. 

By press time, the token value had plunged by over 67%, trading at $5.78 from the launch price of $17.8, according to CoinMarketCap data. 

The drop comes after Terraform Labs successfully distributed the LUNA 2.0 tokens to investors who held LUNA Classic (LUNC) and TerraUSD (UST). The token was airdropped on May 28, with a maximum circulating supply capped at one billion. 

LUNA 2.0 features 

According to Terraform Labs, LUNA 2.0 was released under Phoenix-1, the Terra 2.0 mainnet. In an announcement, the company noted that node services, wallets, and explorers would follow the mainnet to go live later. 

Additionally, the LUNA 2.0 token does not share any history with the asset’s first version, and it will be based on a genesis blockchain starting from block 0 with no dApps on launch. 
The launch comes after several recognised crypto exchanges, including Kraken, Bitrue, Kucoin, By bit, Nexo, Lbank, Bitfinex, and Bitget, listed the token allowing investors to trade in the asset. 

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2022-05-29 14:05:14 #CryptoRangerStrategy

Current SHORT Crypto Portfolio.
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2022-05-29 14:05:08 #CryptoRangerStrategy

Current LONG Crypto Portfolio.
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2022-05-29 11:15:24 SHORT Crypto
Open position SELL #XMR
Price 173.3 USDT
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2022-05-29 11:15:24 LONG Crypto
Close position SELL #XMR
Price 173.3 USDT
Financial result of the transaction -3.99%
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2022-05-27 09:30:54 Terra backers vote to revive luna — but not UST — after $60 billion crypto collapse.

Backers of Terra have approved a plan to revive the failed cryptocurrency venture — without the controversial stablecoin that helped trigger its stunning demise two weeks ago.

“With overwhelming support, the Terra ecosystem has voted to pass Proposal 1623, calling for the genesis of a new blockchain and the preservation of our community,” Terra’s official Twitter account posted Wednesday.

The proposal will effectively create a new layer-1 Terra blockchain without its algorithmic stablecoin. The old blockchain will be called Terra Classic (LUNC) and the new blockchain will be called Terra (LUNA), the company tweeted. The Luna token is new and should not be confused with the old one under the same exact name.

Plan will be rolled out on May 27.

Per the terms of the proposal, Terra will airdrop tokens to community members who never sold their old LUNA tokens or UST stablecoins amid the ecosystem’s downfall.

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2022-05-26 14:05:14 #CryptoRangerStrategy

Current SHORT Crypto Portfolio.
We have Short positions in Crypto! Open PDF and check our open positions and financial results!

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2022-05-26 14:05:09 #CryptoRangerStrategy

Current LONG Crypto Portfolio.
We have Long positions in Crypto! Open PDF and check our open positions and financial results!

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2022-05-26 10:58:32 Two credit card firms in Israel to let cardholders buy Bitcoin.

Two Israel-based credit card companies, Max and Isracard, have inked partnerships with crypto-related platforms in order to allow cardholders to purchase Bitcoin, the local news agency Calcalist reported on Tuesday.

Max announced a collaboration with the local crypto broker Bits of Gold to launch a crypto-enabled card called MaxBack Crypto. According to Max's official website, the card will offer cashback opportunities in BTC as well as the option to buy Bitcoin through a clearing agreement Bits of Gold.

Isracard is also not missing out on crypto, reportedly announcing a partnership with Israel’s major investment company Altshuler Shaham on Tuesday as well.
Isracard specifically partnered with Altshuler’s crypto-focused subsidiary Altshuler Shaham Horizon to allow Isracard holders to purchase Bitcoin directly via its credit card.

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2022-05-25 14:05:14 #CryptoRangerStrategy

Current SHORT Crypto Portfolio.
We have Short positions in Crypto! Open PDF and check our open positions and financial results!

*not an investment advice. Open / Comment