Biggest Movers: LUNA Falls to 6-Week Low, as ALGO Surges 15% on Saturday
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....
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XMR was a notable mover in crypto markets to start the weekend, as prices rose to their highest level in over four weeks. Despite a large section of the market consolidating on Saturday, ALGO was also higher, as it too hit a multi-week high during the weekend. Monero (XMR) Monero was a notable mover on Saturday, as the token rallied to its highest point in over four weeks in today’s session. Following a low of $133.16 on Friday, XMR/USD raced to an intraday peak of $141.17 to start the weekend. This move saw the token race hit its highest point since June 13, and this came as prices....
CVX was the biggest crypto gainer to start the week, as both DASH and ALGO also climbed higher. Despite ALGO rising to its highest level in over three weeks, gains in DASH and CVX were more noticeable. This came as APE once again traded in the red. Convex Finance (CVX) Convex finance (CVX) was Monday’s biggest gainer, as the world’s 77th largest cryptocurrency rose by as much as 15% to start the week. Following a low of $17.90 on Sunday, CVX climbed to an intraday high above $21.56 on Monday, as prices hit a ceiling. Today’s move was the highest level CVX has traded....
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....
NEAR has risen by over 20% during today’s session, pushing prices to their highest level since late January. AXS also rebounded on Saturday, following a $640 million hack, which sent its price down this week.
NEAR Protocol (NEAR)
NEAR was undoubtedly one of the biggest gainers in crypto markets to start the weekend, as its price gained by more than 20% on the day.
Following a low of $13.08 on Friday, NEAR/USD rallied to a peak of $16.23 in today’s session, as prices were nearly 22% higher.
Today’s peak is the highest level NEAR has....
SHIB was trading by as much as 10% higher on Saturday, as crypto markets were mainly in the green. NEAR was also higher on Saturday, prices having now risen for three consecutive sessions. Overall, crypto markets are up 2.73% as of writing. Shiba Inu (SHIB) SHIB was one of the notable movers in crypto markets on Saturday, as prices rose by over 10% to start the weekend. The price of the meme coin rose to an intraday high of $0.00001178 in today’s session, which is the third straight daily gain in SHIB. As a result of Saturday’s surge, SHIB/USD is now trading nearly 50%....