Cryptocurrencies Price Prediction: Bitcoin, Luna Classic and Ripple – European Wrap 9 November
|Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Here’s what to expect after FTX’s collapse
Bitcoin price, along with Ethereum, Ripple and other altcoins, has undergone a massive sell-off over the last 24 to 48 hours after the recent collapse of Sam Bankman Fried’s exchange FTX.
Luna Classic price bleeds, Do Kwon hit with new $56.9 million lawsuit
Terraform Labs CEO and co-founder Do Kwon has been issued with a class-action lawsuit for $56.9 million in damages, on behalf of 30 disgruntled international investors. Meanwhile, Terra’s resurrected token LUNC witnessed substantial declines on the back of current crypto market volatility, and analysts say it has lower to go.
XRP price action set to fall 25% as crypto image relives a PR nightmare with FTX
Ripple (XRP) price action is undergoing another exodus of cash and investors as of last night. Not only did the nervousness around the midterms scare investors away, but the possible blow-up of the FTX exchange created a resurgence in fear among traders. Binance’s sudden announcement that it would be acquiring FTX points to foul play and has created an atomic meltdown of FTX’s related coins, such as Solana. The enormous spillover effect brings back memories of the LUNA debacle earlier this year when the stablecoin almost defaulted because of its liabilities against the stronger dollar.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.