Biggest Movers: LUNA Loses 50% of Its Value, While XMR and AXS Declines Cont...
LUNA was down by over 50% in today’s session as markets continued to react to UST losing its parity with USD. As such traders lost faith in the stablecoin founded by Do Kwon, which dropped to its lowest point since September. Whilst LUNA stole the headlines, XMR and AXS also saw recent losses extended. Terra (LUNA) LUNA fell by over 50% during today’s trading session, as markets reacted to stablecoin UST losing its parity with the U.S. Dollar. After trading at a peak of $57.44 to start the week, LUNA/USD dropped to a low of $24.14 earlier in the....
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Following tweets from Terra founder Do Kwon, LUNA surged by over 1,500% on Saturday. However, with several exchanges halting deposits, only those who entered at the very bottom have seen these gains. This comes as AVAX and NEAR both fell by over 20%. Avalanche (AVAX) Although LUNA was undoubtedly today’s biggest gainer, recent volatility and price action makes it almost impossible to truly analyze. However, another relative big mover in today’s session was AVAX, which fell by as much as 20%. AVAX/USD slipped to an intraday low of $29.55, which as of writing, is 20.83% lower....
ZIL was down by as much as 10% to start the week, as prices continued to fall following recent highs. LINK was also predominantly red on Monday, as it marginally fell below the long-term support level, hitting a one-month low in the process. Zilliqa (ZIL) ZIL was one of the biggest crypto movers on Monday, as prices dropped by as much as 10% to start the week. After trading at a high of $0.1154 on Easter Sunday, ZIL/USD raced to an intraday bottom of $0.1015 during Monday’s session. Today’s drop sees ZIL fall for the fourth consecutive session, pushing prices below its recent....
ATOM moved closer towards a one-year low on Wednesday, as prices dropped by nearly 10%. This came as DOT also declined during today’s trading session, when global crypto markets fell by over 3% as of writing. Cosmos (ATOM) On Wednesday, ATOM was one of the biggest movers in the session, as it fell by nearly 3% lower during hump-day. ATOM/USD slipped to an intraday low of $10.47 during today’s stretch, which came following a peak of $11.73 on Tuesday. This bottom saw prices move towards their long-term support level of $10.30, a level which was established last week, after....
Although cryptocurrency markets started the weekend lower, XRP was able to avoid the red wave, rising by as much as 7% in the process. LUNA on the other hand was lower, with ANC also down close to 10%.
Ripple (XRP)
XRP rose to its highest level in almost one month on Saturday, as the world’s sixth-largest cryptocurrency was today’s big gainer.
XRP/USD rallied to an intraday high of $0.846 to start the weekend, which is marginally below its long-term resistance level of $0.850.
As of writing, XRP is trading 6.4% higher, with earlier gains....
Despite Terra buying $1.5 billion worth of BTC this week, LUNA slipped to a six-week low to start the weekend. Overall, crypto markets remained in the red, however ALGO was one of the rare exceptions to record significant gains.
Algorand (ALGO)
ALGO was easily one of the biggest gainers during Saturday’s session, as prices rose by as much as 15% on the day.
Following yesterday’s low of $0.63, ALGO/USD rallied to an intraday peak of $0.745 to start the weekend.
The surge saw prices move from long-term support of $0.65, to now hovering....