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Waves Reveals Plan for Troubled Stablecoin Neutrino USD (USDN)

www.crowdfundinsider.com

Waves, an issuer of another algorithmic stablecoin Neutrino USD (USDN) has distributed a plan to reanimate its troubled stablecoin. USDN lost its “peg” back in April tanking to around $0.66 and while it has bounced back a bit – now around $0.97 – USDN has.

Bitcoin WAVES
$ 3.922

Timeline of Neutrino-usd, Waves


Waves Reveals its Master Plan to Address the Latest Ecosystem Upheaval - Crypto Reporter

DUBAI, United Arab Emirates--(BUSINESS WIRE)--Since April 2nd, 2022, the Waves DeFi ecosystem has been through a string of unfortunate events leading to the de-peg of its stablecoin, USDN. This caused a severe liquidity crisis for one of its DeFi proto...


Waves announces 4-step Master Plan to ‘save' its DeFi ecosystem - Invezz

Waves, a proof-of-stake blockchain platform for decentralized applications, has announced measures it says will help address the recent upheaval that rocked its DeFi ecosystem. Specifically, the “Master Plan”, as the four-step measures are called, is aimed at ensuring the ecosystem's algorithmic stablecoin Neutrino USD (USDN) restores dollar parity, whose loss led to a massive liquidity The post Waves announces 4-step Master Plan to ‘save' its DeFi ecosystem appeared first on Invezz.


Waves' Neutrino USD (USDN) stablecoin de-pegs to $0.94 - Invezz

Neutrino USD (USDN), an algorithm stablecoin just like the TerraUSD, has fallen below its US dollar peg to trade as low as $0.8 today. The stablecoin is part of Waves blockchain ecosystem. Following the de-pegging, Colin Wu, a crypto analyst, has reported that the Curve pool for the USDN stablecoin (the USDN-3 pool) is now The post Waves' Neutrino USD (USDN) stablecoin de-pegs to $0.94 appeared first on Invezz.


WAVES Is at Risk of Breaking Down From 679-Day Support Line - BeInCrypto

Waves (WAVES) has fallen below long- and short-term support levels and is now approaching its 2021 lows. The post WAVES Is at Risk of Breaking Down From 679-Day Support Line appeared first on BeInCrypto.


Waves Price Prediction 2022 – Will WAVES Go Beyond $20? - CoinPedia

Waves is one of the cryptocurrencies that has been playing-wise over the years. The cryptocurrency has focused on delivering an open forum for decentralized applications (DApps). That processes payments with a reduced carbon footprint utilizing Proof-of-Stake (PoS) consensus. The endeavour has already progressed beyond its primary purpose of offering faster, higher data rates than some …


UST goes rogue, but Neutrino USD [USDN] ‘depeg(s)' a different story - AMBCrypto

As Bitcoin crashed below the $32k support level, panic took hold of the market and alt coins began to violently plunge as well. This time, even the stablecoins were not spared as TerraUSD [UST] dropped as low as $0.6879, and was trading at $0.9006 at press time.


Can WAVES continue to seek more upside amidst the bearish noise - AMBCrypto

WAVES has turned out to be one of the few cryptocurrencies whose price action has avoided more downside as the rest of the market crashed. A surprising turn of events considering that it tanked hard in April after delivering an impressive run in Q1.


Analyzing the best-case scenario for WAVES' near-term price action - AMBCrypto

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. As the buyers finally deny the bears an extended sell-off liberty at the $12.8 -support, WAVES flipped the month-long trendline resistance (white) to support.


Waves Price Analysis: Rising RSI Hints Potential Rally To $20 Mark - Coingape

Though the largest cryptocurrency, Bitcoin, is on its fifth losing streak, the Waves coin fights off the broader market sentiment and turns green on the intraday chart. The altcoin rebounds from the $12.75-$12 support zone with a morning star candle and reaches the $14.48 mark.


Waves Price Analysis: Can EMA Death Crossover Bolster $12 Fallout? - Coingape

The V-top reversal from the $62.36 mark has plunged the WAVES price to $12 support. The falling price has breached multiple support levels and EMAs support, displaying a 78.23% loss.

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