5 Cryptocurrencies That Have Struggled to Reap Benefits of Bullish Market
These 5 altcoins struggled to increase even though the crypto market was bullish.
Keep up with what's happening in the crypto world in real-time.
These 5 altcoins struggled to increase even though the crypto market was bullish.
The terra luna classic price has dropped by 4.5% in the past 24 hours, amid a day of losses for the cryptocurrency market as a whole. At $0.00017485, it has gained by 2% in a week and by 3% in the last 30 days, held back from further gains by delays to LUNC burning and in-fighting within the Terra Luna Classic community.
Terra Luna Classic, the cryptocurrency that powers the original Terra blockchain protocol that collapsed in value in May 2022 after algorithmic stablecoin Terra UST lost its 1:1 peg to the US dollar, has been going sideways this week. Cryptocurrency markets are currently in wait-and-see mode ahead of a speech from Fed Chair Jerome Powell that could trigger fresh volatility after last week's more dovish-than-expected Fed policy meeting.
Terra Luna Classic price pumped hard on Thursday and Friday this week following news that USTC was going to be repegged. The community has been seeking validation following the collapse of UST last May.
Terra Luna (LUNA) has been struggling to keep above the $2.0 price mark for the past week, and even fell below this level within the period. However, at press time, its price surged to reach $2.21.
Although 2022 was a tough year for Terra Luna Classic (LUNC), the token has been surging as of late. At press time, LUNC was trading at $0.00019904, showing a surge of over 30% since last month.
The terra luna classic price has surged by an impressive 18% in the past 24 hours, reaching $0.00020387 following gains yesterday for the cryptocurrency market as a whole. Its current price means that it has now risen by 30% in the past 30 days, driven mostly by a decline in market bearishness and a corresponding increase in bullishness.
The Terra Luna Classic price has surged by almost 20 percent, despite trading in a horizontal trend for the past few months.
This next week will see the release of DJED, the flagship native overcollateralized stablecoin for the Cardano network. New information regarding the debut was revealed by COTI, which is a layer 1 blockchain network.
The Terra Luna price has dopped to $2.00 today, with the altcoin falling by as much as 10% in the past 24-hour period. Its current level represents an 11% fall in a week, although it remains up by 58% in the last 30 days, making it one of the best-performing coins in the top-100 cryptocurrencies by market cap.
LUNC, a token worth roughly over $1 billion on the Terra Classic protocol, is edging closer to a 17.54% move that could propel it to $0.00021. Meanwhile, the 50th largest cryptocurrency's value increased by 6.5% in 24 hours and is trading at $0.0001775 at the time of writing.
The price of Terra Luna [LUNA] rose from $1.2 to $2.14 since last month, peaking at $2.4 earlier. Following the collapse of FTX, LUNA's market capitalization fell from $285 million to $160 million last year.
The Terra Luna Classic (LUNC) coin has witnessed a steady rise in its value this year. It is trading at $0.0001755 today.
The Terra Luna Classic price has dropped by 1.5% in the past 24 hours, sinking to $0.00017113 as the market as a whole dips by around 0.5%. Its fall comes as its 24-hour trading volume reads at just over $60 million, with the altcoin also down by 1.5% in a week but up by 1.5% in the last 14 days.
The Terra Luna Classic price has dropped by 4.5% in the past 24 hours, falling to $0.00017108 as the wider cryptocurrency market declines by 3% within the same timeframe. Despite this slip, it remains up by just over 16% in the last 30 days, helped along by ongoing token burns and an overall market recovery.
A look at the trending narratives across Terra Classic communities and who is pushing them.
LUNC, the ticker for the Luna Classic cryptocurrency that powers the original, but now largely defunct Terra blockchain, is up an impressive more than 40% from the lows it printed back in December under $0.00013. LUNC/USD was last changing hands in the $0.00017s, a little under recent highs in the $0.00019s, with the bulls still struggling to push the cryptocurrency back to the north of its 100 and 200-Day Moving Averages.
The collapse of Terra Luna wiped off $60 billion from the cryptocurrency market. Fast forward, platforms like Mars Protocol reignited while others like the Pylon protocol dwindled.
Terraform Labs created the Terra USD stablecoin and the Luna coin, both released in 2019. To ensure price stability, the TerraUSD (UST) stablecoin was linked to LUNC.
Terra (LUNA) was amongst the most rapidly growing digital currencies that swept the cryptocurrency market. The recent de-peg event called for a new Terra (LUNA), to the older one which is now Terra Classic (LUNC). Terra's (LUNA) one-of-a-kind feature is a crucial motivator in eliminating the mining barrier.
Terra's Luna token (LUNA) has gained 15% in the last 24 hours and is now trading at $2.11. The token is up 51.86% in a week.
South Korean VC firm Hashed lost more than $3 billion in LUNA collapse as the company plans to get new investment funds in the first half of this year.
The New York-based consultancy firm JS Held conducted a third-party audit in November last year. It mentions that the Luna Foundation Guard (LFG), the entity behind the now-defunct Terra ecosystem, spent $2.8 billion in crypto in May to defend the peg of algorithmic stablecoin TerraUSD, according to the analysis (UST).
Terraform Labs (TFL), the company behind the now-defunct algorithmic stablecoin TerraUST [UST], and its co-founder, Do Kwon, are again in the news for allegedly conducting a smear campaign and issuing threats against one of their own community members.