the blockchain intelligence firm predicted that XRP may further outperform the rest of the altcoin market if history repeats itself in the coming weeks.
The altcoin was worth around $0.194 after it experienced a price increase of 3.76% over the past 24 hours. As a result, the crypto was trading close to its daily high of $0.1966.
the analyst revealed their optimism regarding the possibility of IOTA finally breaking free from this formation. In the event of an upward breakout, he confidently predicted a substantial rally of 200% to 250% for the IOTA price in the mid-term.
Technical indicators on STX’s daily chart were flagging bearish at press time as well. The daily RSI line was trading well below the daily RSI SMA line and was sloped steeply toward the oversold territory. Meanwhile, the 9-day EMA line was trading below the 20-day EMA line and was breaking away from the longer EMA line.
Stacks (STX) At press time, the price of STX was down just under 5%. As a result, the price of the altcoin stood at $0.5813. This meant that the crypto was trading much closer to its daily low of $0.5766 than its 24-hour high of $0.6131.
The drop in STX’s price also resulted in its weakening against the two market leaders. As a result, STX was down 2.98% against BTC and down 3.08% against ETH.
As a result, the altcoin was trading hands at $0.9864 at press time. Similar to ARB, SUI was outperformed by the two market leaders as well, and was down 6.94% against BTC and 7.47% against ETH.
The crypto market tracking website indicated that ARB was trading at $1.13 after experiencing a 2.69% loss over the previous 24 hours. The crypto also weakened against the two market leaders Bitcoin (BTC) and Ethereum (ETH) during this time, with ARB down 0.34% against BTC and 0.89% against ETH.
The global crypto market cap experienced a 1.91% drop over the last 24 hours. This recent drop brought down the total to approximately $1.12 trillion at press time, according to CoinMarketCap.
In a recent tweet, Tether’s strategy advisor, Gabor Gurbacs, pointed out the significant influence of Tether by stating that if it were considered a country, it would rank as the 25th largest holder of U.S. treasuries.
If Tether was a country, it would be the 25th largest holder of U.S. treasuries. It is in the U.S. national interest to responsibly distribute USD-backed stablecoins, especially in Emerging Markets.