Crypto Market Overview June 6th | Dex-Trade

Crypto Market Overview June 6th | Dex-Trade

70% of Salvadorans 'Not Happy' with BTC: Study Results

Last year, El Salvador became the first country in the world to accept Bitcoin as legal tender for the public and businesses. But did this positively impact the state of the country's citizens and entrepreneurs? A recently published study from the University Institute of Public Opinion of the José Simeón Cañas Central American University showed that 71.1% of Salvadorans (which is 1272 citizens surveyed) consider the adoption of crypto-gold as a legal means of payment useless since it did not improve their personal financial situation in any way. At the same time, 8.9% of survey participants answered that the adoption of BTC was relatively useful for them, and only 6.1% of citizens said that the crypto had a positive impact on their financial condition. However, an average of 68 out of every 100 Salvadorans say the government is doing well in the third year of President Nayib Bukele's rule. It’s also noteworthy that the results of another survey conducted by the Center for Civil Studies of the Francisco Gavidia University in May of this year, showed approximately the same results regarding the adoption of Bitcoin by the population of the country: more than half of the Salvadorans surveyed do not agree with the introduction of crypto as legal tender and prefer the American dollar.


Loss Season for Indian Investors LUNA

India holds the record among Asian countries in terms of the number of official crypto holders, even despite the fact that the country’s authorities adopted a 30% income tax on digital assets back in the spring. According to the vice president of the Indian crypto exchange WazirX, Rajagopal Menon, as of May 9, there were more than 160,000 traders owning LUNA on the exchange, and by May 15, their number in India increased by 77%. At the same time, market players from India were not even able to recover their losses with the airdrop from Terra, as the price of the upgraded token fell from $19.54 at the start to $5.19 at the time of writing. The position of traders who simultaneously own both UST and LUNA turned out to be even worse. Having received updated coins on the airdrop, they actually suffered double losses, since they paid 30% tax on the value of the tokens they received, and new coins, even according to the most optimistic forecasts, have no growth prospects in the near future. Interestingly, the jump in investors in LUNA occurred immediately after the unfortunate events of May 9: then the ratio of buyers and sellers was 5:1. And already on May 11 and 12, the last time the coin cost a little more than one dollar, after which it lost 99% of its value. A great example illustrating that buying on a downtrend is not always the best option.


70% of Salvadorans Influencer Leaks First Photos of SHIB x John Richmond Clothing Collection

Popular SHIB influencer MILKSHKE has tweeted images of some of the designs expected to feature in the John Richmond and SHIB collaborative collection. The tags for items that already have designs but are still unapproved show several variations of the Shiba Inu logo combined with the Richmond logo. The clothing line is also expected to feature the SHIB mascot, which is placed in the center of the emblem with the words "Rock N Roll" and "In Good We Trust". The Shiba Inu collaboration with John Richmond started in February this year. The aim of the partners was originally to put the logo and design of the crypto on some of the garments. It’s known that the Shiba Inu team has already begun negotiations with some celebrities and supermodels who will have to appear at themed parties and shows in clothes from the new joint collection. At the same time, it’s still unknown when clothes from SHIB and Richmond will be available for fans of the meme-crypto and how much they will cost. But that opportunity is sure to come as Richmond now accepts SHIB as a payment method through NowPayments.