Terra (LUNA) removed Dogecoin (DOGE) from the top 10 on the cryptocurrency ranking site CoinMarketCap (CMC), placing the altcoin in the Top 10. This attack by LUNA comes just one day after they surpassed another meme coin, Shiba Inu (SHIB).
Spectacular performance from the altcoin project: Top 10
LUNA, the staking and management token of the Terra protocol, performed tremendously, rising more than 60% last week. This Friday, the LUNA token hit a record high at $69.56, even though almost all major cryptocurrencies are in red.
Bitcoin is down 1% today and continues its lethargic streak of price action. The leading cryptocurrency is trading in line with the US stock market, which is currently under pressure after a November jobs report suggested that the Federal Reserve may encourage it to act more aggressively on tapering.
cryptocoin.com As we reported, after its show-stopping rally in early 2021, Dogecoin managed to break into CMC’s Top 5 in mid-August, surpassing stablecoin Tether (USDT). In early May, DOGE surpassed $90 billion in market capitalization and surprisingly peaked at #4. However, the meme coin crashed infamously when Tesl CEO Elon Musk first hosted “Saturday Night Live” and is currently trading 72.53% down from its lifetime peak of $0.731578.
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