您现在的位置是:Liquity price rally is gaining steam: How high can LQTY go? >>正文
Liquity price rally is gaining steam: How high can LQTY go?
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛71人已围观
简介Liquity is a small but fast-growing blockchain platform that owns LUSD.LUSD has managed to maintain ...
Liquity is a small but fast-growing blockchain platform that owns LUSD.
LUSD has managed to maintain its peg during the period of strains.
Liquity (LQTY/USD) price has been one of the top performers in the crypto industry as demand for the mid-cap token jumps. It peaked at $3.37, the highest point since March last year. This means that the coin has risen by over 460% from its lowest point this year.
Liquity price steady
Liquity is a small and fast-growing blockchain platform that provides interest-free loans on Ethereum. It does this through its Liquity USD, its stablecoin. Data compiled by CoinMarketCap shows that LUSD has maintained its peg against the US dollar.
It was trading at $1.02 while its total market cap has jumped to over $255 million. It is unclear why Liquity has done well in the past few weeks. A likely reason is a fact that LUSD is one of the top over-collateralized stablecoins.
The next key catalyst for the Liquity price will be the upcoming American inflation numbers scheduled for Tuesday. Economists believe that the data will show that the headline consumer price index (CPI) pulled back to 0.4% while core CPI came in at 0.5%. On a YoY basis, inflation is expected to come in at above 6%.
A higher-than-expected inflation figure will put more pressure on the Federal Reserve to act. Analysts believe that the Fed will hike rates by 0.25% in its meeting next week. Some believe that it will not hike rates while those from Mizuho sees the bank cutting interest rates by 0.25%.
Liquity price is also jumping as Bitcoin and Ethereumprices continue rising. Bitcoin has jumped to $24,800 while Ethereum has soared to $1,692. In all, the total market cap of all cryptocurrencies has risen to over $1.08 trillion. Cryptocurrencies tend to have a close correlation with each other.
Another reason for the LQTY rally is the news that Binance has become one of the biggest holders of the token. Data shows that it owns about 11.5 million LQTY tokens.
Liquity price prediction
LQTY chart by TradingView
The daily chart shows that the LQTY price has been in a strong uptrend in the past few days. It jumped above the key resistance point at $1.81, the highest point on June 16. It also crossed the important level at $2.85, the previous YTD high. Liquity remains above all moving averages while oscillators like the Relative Strength Index (RSI) and the Stochastic Oscillator have moved above the overbought level.
Therefore, Liquity price will likely continue rising as buyers target the next psychological level at $3.50. The stop-loss of this trade will be at $2.50.
How to buy Liquity
Huobi
Start Your Cryptocurrency Journey Today. Huobi Global has a variety of features that make it an ideal place to buy and sell digital asset.
Buy LQTY with Huobi todayTags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/879229.html
相关文章
Flexible X
Liquity price rally is gaining steam: How high can LQTY go?By subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.Researche...
阅读更多
Smartphone location data used to evaluate risk of diet
Liquity price rally is gaining steam: How high can LQTY go?By subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.In a new...
阅读更多
Blockchain didn't fail, says Pantera's CEO on FTX collapse
Liquity price rally is gaining steam: How high can LQTY go?Pantera Capital’s CEO says FTX’s collapse was not caused by blockchain failure.In a lett...
阅读更多
热门文章
- BitPay announced a permanent work from home policy yesterday
- New algorithm may allow robots to move in crowded places
- The GoodDollar Experiment
- FTX seeking to auction its functioning businesses including LedgerX
- Coinbase And Huobi Exchanges Lead In Bitcoin Volumes
- We can meet 100% of withdrawals, says Binance's Changpeng Zhao
最新文章
Artificial brain learns on the fly with nanowire networks
This material mimics mussels to connect living and non
Astar Network Named ‘Product of the Year’ At the JBA Annual Blockchain Award
FTX and Genesis agree to resolve claims in the bankruptcy case
China soars Starlink
Smartphone location data used to evaluate risk of diet