Crypto Market Overview May 30th | Dex-Trade
“I Wish It Was The End of Crypto…”: Another Loud Statement of Dogecoin’s Founder
Known for his flamboyant statements, the co-founder of the main meme-crypto, Jackson Palmer, in an interview with the Australian Crikey, speaking about the current state of the crypto market, said that he would like “it was the end of crypto, but it’s not,” and that “increasingly people are doing nothing but making money off doing nothing, it’s kind of f*cked us all up.” The developer admitted that he considered the collapse of the crypto market as a much faster event, as a result of which people should have learned this lesson. But something didn't go according to plan, cause “in the past six months, I’ve seen a continued perseverance. You see these big people with big money getting involved and that means it’s not slowing down..” By the way, according to Palmer, any “crypto winters” have not yet occurred and are unlikely to come: “I still see heaps of money being funneled in by crypto promoters. They’re waiting for a fresh batch of fools to come in. This happens in cycles.” Well, as a bonus, a skeptical businessman said a few words about Elon Musk: “He’s a grifter, he sells a vision in hopes that he can one day deliver what he’s promising, but he doesn’t know that. He’s just really good at pretending he knows. My opinion on him and all billionaires is that I don’t care much for them.” Of course, he criticized ICOs, IGOs, DAOs and NFTs, but that's another story...
Terra 2.0 Has Been Successfully Holding On for Three Days
At the end of last week, Terra CEO Do Kwon announced the launch of the Terra 2.0 blockchain and airdrop, as a result of which 70% of LUNA holders (now called LUNA Classic or LUNC) and UST (now called TerraClassic USD or USTC stablecoin) already received tokens LUNA 2.0 according to the type and amount of tokens they held before the coin crash. The starting price of LUNA, according to CoinMarketCap, was $0.5, but the coin almost immediately soared to $19.53, and by the end of the day on May 28, it fell to $5. At the time of writing, the token is trading at $6.45 and showing a 10% daily gain, which can be considered a very good result, given the events that happened to its predecessor just a couple of weeks ago. And something else interesting. Bitcoin whales, which used to hold less than 100 BTC in their wallets, promptly bought back the 80,081 BTC that the Luna Foundation Guard was leaking to the market to keep UST from collapsing, according to fresh data from Glassnode, an analytics firm. The total supply of coins accumulated on these wallets is currently 80,724 items, and there are currently more than 100 wallets themselves. It's time to start watching the movements of whales, which, with such stocks, may well have an impact on the market situation not only with LUNA.
Bitcoin for $250,000 Will Be the Merit of Women
At least this is what Tim Draper, a well-known billionaire and crypto-currency activist, thinks so. According to him, it will be women who will help the crypto flagship grow to a hyper-optimistic $250,000, and this will happen as the adoption of crypto in the fashion and boutique industry grows. According to Draper, store owners are now actively adding crypto payments to their payment methods, and since women are the main buyers of retailers, they will also feel the need to have a crypto wallet that they can use for shopping. True, this analogy does not take into account the fact that people will start using not Bitcoin for purchasing, but any altcoin that is more convenient for this. By the way, Draper has been offering BTC for $250,000 for two years now. As a reminder, businessmen say that retail chains and branded stores can benefit from being considered because they do not pay financial intermediaries to maintain and process invoices. And there is a useful grain in this.