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  • Price Analysis of SORA Synthetic USD (XSTUSD), Shengweihu (SHENGWEIHU), and Hakuna Matata (MATATA)
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Price Analysis of SORA Synthetic USD (XSTUSD), Shengweihu (SHENGWEIHU), and Hakuna Matata (MATATA)

Blaine Matta February 17, 2022 2 min read

In the past 24-hours, the price of SORA Synthetic USD (XSTUSD) has increased by 23930.28%. After experiencing one of the highest rallies in the past 24-hours, SORA Synthetic USD’s price has moved up to $0.9974 per XSTUSD.

Due to the surge, the valuation of SORA Synthetic USD has also increased to $997,075 alongside the trading volume that is worth $257,307.

If the rally continues and the investors keep accumulating SORA Synthetic USD at a high rate, then its price may surge to $2.86 per XSTUSD. The investors may keep pushing the price of SORA Synthetic USD, bringing it up to $3.08 per XSTUSD. As the momentum stays alive in terms of SORA Synthetic USD’s price, it may surge to $3.32 per XSTUSD.

Then there is Shengweihu (SHENGWEIHU) is badly impacted by the negative sentiments of the investors. In the past 24-hours, the investors have lost their interest in accumulating Shengweihu, which has created a 96.32% dip in its price.

On February 14, the price of Shengweihu was at $0.000000111 per SHENGWEIHU and as of now, it has dived down to $0.000000004021 per SHENGWEIHU.

At the time of writing, the fully diluted valuation of Shengweihu is down by 96.18%, bringing the figure down to $399,360. As for the trading volume, it is currently down to $2,923,460.

As of now, there is panic among the investors who are withdrawing their funds and accumulations from the Shengweihu protocol. Due to the constant withdrawal, the price of Shengweihu may dip to $0.000000003015.

If the investors keep selling Shengweihu on a high scale, then the price of Shengweihu may plummet to $0.000000002638 per SHENGWEIHU. If the bears are able to inflict more damage to the price of Shengweihu, it may move down to $0.000000002308 per SHENGWEIHU.

Hakuna Matata (MATATA) has also observed a 95.24% dip in its price in the past 24-hours. Due to the plummet, the value of Hakuna Matata has been pushed down to $0.00000003523 per MATATA. Just like other cryptocurrencies, Hakuna Matata has also faced an impact due to the lack of trust from the investors’ end.

If the investors keep losing their confidence, then the price of Hakuna Matata may plunge to $0.000000003015 per MATATA. If more investors keep selling Hakuna Matata, then its price may dip to $0.000000002638 per MATATA.

For now, the RSI for Hakuna Matata is currently observing a downslope, which means that Hakuna Matata’s price may continue dipping even more. In the upcoming days, the bears may intensify their selling activity to push Hakuna Matata’s price lower.

In the upcoming days, the price of Hakuna Matata may plummet even more. The data suggests that the price of Hakuna Matata may go down to $0.000000002308.

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