Polygon, Ripple and Terra – European Wrap 24 June

MATIC’s purchase of carbon credits through KlimaDAO partnership represented 104,794 tonnes of greenhouse gasses, equivalent to the Ethereum scaling solution’s debt since 2019. Carbon neutrality has fueled a bullish sentiment among traders.

 

 

XRP holders are awaiting key decisions in the SEC vs. Ripple case. Experts believe judge Sarah Netburn could rule on the two key decisions in the lawsuit against payment giant Ripple. 

 

XRP-USDT price chart

Terra (LUNA) price action has slipped below a critical level outlined a few days ago. As price action moves start to get smaller, a big move is set to happen, but it is very cloudy to see where that move will be going. Until last week it was clear that central banks would keep tightening and squeezing to kill inflation, but this week some changes got mentioned as it becomes clear that further tightening will spark a recession. Should you be part of this cloudy market and not wait until the next step becomes clearer?

 

LUNA/USD daily chart