US crypto stocks close in the red as bear market fears grip equities. The macroeconomic environment continues to set the tone for markets — US inflation hit a 41-year high of 8.6% — and the Monday trade was notably volatile. The S&P 500 closed down 3.88% while the Nasdaq composite lost 4.68% and the Dow Jones finished down 4.10%.
Cryptocurrency markets were similarly choppy as bitcoin (BTC) and ether (ETH) tested multi-year lows and the floor price — the cost of the cheapest available piece in a collection — of various blue-chip NFT projects also slid amid the market weakness. Despite all of these Experts say only Defi coins with High APY and powerful utility can sustain this bear market.
Defi coins like SAFUU are experiencing heavy decline in the market. According to some experts, Defi coins will be able to survive this bear market as the rise of inflation rate these Defi protocols tends to give more returns than that of traditional financial instruments such as banks & bonds. The problem is the current bear cycle, this doesn’t mean that the bull market has ended and there is no longer buying interest in crypto. This is a simple distribution process which happens every two years in the crypto market.
SAFUU is now experiencing a new buying power, as the RSI just climbed up from the oversold zone in, a new buying zone is created in the SAFUU charts. Whereas MACD is still giving a mix signal and one can’t decide to buy or sell the coin, but due to high APY of SAFUU Defi protocol new people are still interested in buying and holding SAFUU coin to gain massive interest and gain when the market turn around.
As per the directional movement index (DMI) the movement for SAFUU coin looks bearish. Whereas the ADX in the DMI indicator is falling down, that means that soon there will be no movement in the same direction i.e bears. Since this could be one of the strongest indicators to see why and how SAFUU coin is going to sustain this bear market. As the ADX falls down, the DI+ and DI- will cross over again in a bullish arrangement, hence to begin a new cycle of uptrend for SAFUU coin.
SAFUU Price Prediction for July 2022
SAFUU is predicted to start in July 2022 at $14.413 and finish the month at $18.558. During July, the maximum forecasted SAFUU price is $18.016 and the minimum price is $12.251.
SAFUU Price Prediction for August 2022
SAFUU is predicted to start in August 2022 at $18.757 and finish the month at $21.073. During August, the maximum forecasted SAFUU price is $23.446 and the minimum price is $15.944.
What is SAFUU?
$SAFUU is the native token which interest rebase rewards are paid. Every token holder automatically receives 0.02355% interest every 15 minutes just for holding $SAFUU tokens in their own wallet!
The Highest Paying Auto-Staking & Auto-Compounding Protocol
- Highest Fixed APY in Crypto – 383,025.80%
- Low Risk with Safuu Insurance Fund (SIF)
- Interest Paid Every 15 Minutes: 96 Times Daily!
- Automatic Staking and Compounding in Your Wallet!