LUNA Not Alone In Crimson: APE, AVAX, SOL, SHIB All Lose 20% In Crypto Crash
The crypto market has deep-dived to 11% in just 24 hours. It’s been in the hole or behind and most coins (led by LUNA) have been suffering major losses such as Avalanche, ApeCoin, Solana, and Shiba Inu, to name a few. So, what’s happening here? It’s like a ripple or domino effect that has hit one and is now derailing the rest of the cryptocurrencies. Not Just LUNA LUNA has lost 97% of its value following the major dip of UST stablecoin. The losses of other coins are not as massive as Terra but they have also suffered devastating double-digit losses over the 24-hour time frame. Suggested....
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Crypto has been on a downward slope the past couple of weeks – and NFT is going the same direction with the decline in dollar value. TerraUSD and LUNA both dipped in value registering a tremendous loss of 99%. With UST (pegged with US dollar) now trading at $0.13, LUNA has managed to move to $0.0000914 on Friday afternoon, making the coin nearly worthless. Consequently, NFTs that are tied with Terra has shown decline in trading activity. Suggested Reading | LUNA Not Alone In Crimson: APE, AVAX, SOL, SHIB All Lose 20% In Crypto Crash Ethereum Loses Shine On the other hand, Ethereum....
AVAX, and LUNA were some of the biggest gainers in crypto markets on Wednesday, as the recent bearish sentiment has momentarily faded. As of writing, the global crypto market cap was 4.51% higher than at the same point yesterday. Terra (LUNA) AVAX is currently trading over 12% higher in today’s session, climbing to its highest level since Sunday in the process. Despite these double-digit gains, it was another cryptocurrency that took the title of being today’s biggest gainer. This was terra (LUNA), which is up by over 20% as of writing, and comes following a three-day winning....
Pseudonymous crypto trader and analyst Capo tweets that Cardano (ADA) is bound to go on a massive downward trend. This popular crypto trader with over 307,500 followers on Twitter predicted a massive plunge before the coin finishes its five-waved downward trajectory following the Elliott Wave Theory. The Elliott Wave Theory pertains to a technical analysis that can predict price action by looking into mind psychology or crowd behavior that can be seen in waves. Based on the theory, the crypto asset would always go through a predictive five-wave cycle before it makes that pivot or reversal.....
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....
Crypto markets were mainly in the green on Saturday, with AVAX, RUNE and ZEC being some of the notable gainers. Apecoin traded lower during its third session, falling by as much as 13%, following back-to-back gains. Avalanche (AVAX) LUNA, WAVES, and FTM were all trading over 10% on Saturday, however it was AVAX that was one of the leading gainers to start the weekend. Following a low of $76.74 on Friday, avalanche (AVAX) rallied above its $90 resistance level in today’s session, hitting an intraday high of $90.27 in the process. Today’s move was the highest level AVAX has....