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Showing posts with the label crash

Can Mushe (XMU) be the catalyst to help crypto veteran Bitcoin (BTC) recover?

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The crypto market has declined over the past month, with many coin veterans such as Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) suffering huge drops in value. But no currency in crypto has seen a deterioration like Terra (LUNA). It went from being one of the top ten most valuable cryptocurrencies to now being ranked #2785 on CoinMarketCap . Unfortunately, the crypto crash did not end in May and has suddenly occurred yet again. According to reliable sources, Bitcoin has crashed more than 10%, falling below $25,000 for the first time since December 2020.  Despite this, upcoming crypto tokens such as Mushe (XMU) could be a viable alternative for investors who are looking for safer options. This article will explore how Mushe (XUM) could help the crypto market recover, whilst reviewing if Bitcoin (BTC ) can maintain its dominance in the market. Mushe (XMU) - The new DeFi token  Mushe (XMU) is an upcoming decentralised finance (DeFi) token that aims to facilitate gov...

Bored Ape floor price plummets amid game launch and NFT crash

Over the weekend, the floor price for NFT maker Yuga Labs ’ Bored Ape Yacht Club and Mutant Ape Yacht Club collections plummeted, as NFT floor price s continue to crash across the board.   The floor price for Bored Ape Yacht Club fell from 38 ether ($73,000) on Friday to less than 28 ether ($53,500) on Sunday, before recovering to 30 ether ($57,000), according to data from OpenSea.  Similarly, Mutant Ape Yacht Club fell from 7.5 ether ($14,500) on Friday to less than 5 ether ($9,400) on Sunday, before recovering to 5.4 ether ($10,300). BendDAO, a protocol that allows for loans against NFTs, currently has 27 Bored Apes and 25 Mutant Apes up for auction. Shortly before the weekend Bored Ape crash, Yuga Labs launched HV-MTL. It plans to be the new successor to Dookey Dash, where people were able to burn their Sewer Pass to receive an Evo 1 Mech that allowed them to access a new game to craft a “Forge” that other players will vote on to decide whi...