The crypto market continues to experience turbulence, causing investors to look beyond long-established tokens for reliably profitable opportunities. The likes of Mushe (XMU) and Anyswap (ANY) have benefitted from the latest ripples within the crypto industry.

In a particularly notable development, TerraUSD (UST) dropped significantly from its standard $1 valuation to a low of $0.62 before rebounding to establish a new level of support at $0.91. TerraUSD is an important bellwether of the crypto market and is designed to maintain a steady valuation of $1.00 regardless of fluctuations in the cryptocurrency sphere. When its value deviates significantly from its $1.00 peg, TerraUSD signals that established cryptocurrencies are under pressure from atypical factors.

TerraUSD is pegged to $1.00 USD largely by virtue of its $5 billion investment in Bitcoin (BTC), making it a particularly sensitive measure of the world’s most popular cryptocurrency. Unlike other stablecoins, TerraUSD is pegged to neither fiat cash nor other real-world assets designed to help it follow the dollar. Selling some or most of its Bitcoin stake could be a way to shore up TerraUSD’s value, a fact that has caused many Bitcoin investors to brace for a selloff.

While no dramatic devaluation of Bitcoin has resulted from the latest shock to its system, investors still have ample reason to worry. After all, Tesla’s Bitcoin holdings amount to just a fraction of TerraUSD’s, and the mere hint of a selloff by Elon Musk sent the token’s value plummeting by 20% last year. The most recent crisis exacerbated Bitcoin’s recent slide, sending it momentarily below $30,000 before recovering to a level still more than 50% lower than its historical high, set just seven months ago.

Meanwhile, Mushe (XMU)’s presale has proven extraordinarily resilient in the period leading up to its official July 4 launch. The financial-services token has ridden a string of promising news to a series of highs, and has already more than quintupled in value. Perceptive investors bought in to XMU at $0.005, and with two weeks remaining in its presale’s first stage, the token is already commanding more than $0.0275.

Mushe’s infrastructure, which seamlessly spans fiat and crypto networks, has always underwritten its token’s value. The events of the last few days have given investors a fresh set of market incentives to consider getting in on the ground floor. While tokens like UST, whose value lies in their very stability, find themselves unmoored, XMU has begun to assert itself as a promising alternative, with a distinctive balance of strengths that speak directly to its ability to grow and sustain value.

Learn more about Mushe (XMU)

Official Website: https://www.mushe.world/
Presale Registration: https://portal.mushe.world/sign-up
Telegram: https://t.me/MusheWorldXMU
Twitter: https://twitter.com/Mushe_World
Instagram: https://www.instagram.com/mushe_world/

Source: Plato Data Intelligence: PlatoData.io