Terra (LUNA) is up nearly 23 percent on Friday, leading the rest of the Bitcoin and altcoin upswing. Over the past 24 hours, $38,000 has been broken as Bitcoin has recovered from the tensions in Ukraine and Russia, which has also benefited altcoins. cryptocoin.com Today, we are transferring the coins that are in the top 100 with their market value and that have experienced the highest rise…
Bitcoin and altcoin prices start to recover: LUNA rises the most
Yesterday, Bitcoin (BTC), the largest cryptocurrency by market cap, dropped to $35,000, stressing investors. Today, it rallied as high as $38,347 and is up 7.8 percent. Apart from that, looking at the top 100 coins by market cap, LUNA seems to have increased by 23 percent. UST, an algorithmic stablecoin on the Terra network, is a minted coin staking LUNA, and according to AAX head of strategy Ben Caselin, “Algorithmic stablecoins may be poised to gain more market share, especially as regulatory pressures increase.” In terms of value increases, LUNA is followed by Anchor Protocol (ANC).
Outside of ANC, Amp (AMP) seems to have experienced a 21.4 percent increase. AMP is followed by the decentralized finance (DeFi) protocol Maker (MKR). Fifth comes Arweave (AR), a storage service focused on web 3.0. In sixth place, Neo (NEO) stands with a gain of close to 20 percent. Convex Finance (CVX) gained 17.10 percent, and Theta Fuel (TFUEL), the gas token of the Theta network, increased 15.89 percent. In ninth place, Kadena (KDA) rose 14.5 percent, while Tezos (XTZ) gained 14.50 percent. Basic Attention Token (BAT) rose 12.66 percent, Qtum (QTUM) rose 11.33 percent, and Curve DAO Token (CRV) rose 11.94 percent. Fourteenth is Gala (GALA), a popular play-to-win metaverse project.
Crypto.com Coin, which is Cronos, also rose
On the other hand, CRO, which recently changed its name from Crypto.com Coin to Cronos, rose 13 percent. CRO is the token of the popular Bitcoin and altcoin exchange Crypto.com. Secret (SCRT) rose 11.68 percent, Decentraland (MANA) 11.89 percent, THORChain (RUNE) 11.62 percent and Phantom (FTM) 13.36 percent.
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