Crypto market remains stable, strong increase at Terra
On Wednesday (August 4th), the slight decline in the crypto market of the past two days continued. Bitcoin is down 2.5% in the past 24 hours. Here the value is now below €32,000, the capitalization has fallen below the mark of €600 billion.
In contrast, the LUNA cryptocurrency has been particularly successful. In the past 24 hours, the value of LUNA has risen by 13%, over the past two weeks it has increased by as much as 162%. The value is now €11.7 and the capitalization is almost €5 billion. At the beginning of July, the price was only €5 and the capitalization was €2 billion.
LUNA is the native token of the Terra blockchain project, which deals with the construction of infrastructure for stablecoins. The value of LUNA has been rising steadily for more than a month after Terra started a partnership with the open-source platform Harmony, writes BTC-ECHO .
In addition, according to TechCrunch , Terra is very popular with investors. In July, donors including Pantera Capital and Arrington XRP pledged to invest $ 150 million in products linked to the Terra ecosystem over the next few years.
The rest of the crypto market mostly shows declines that are minor. Cardano achieved a slight plus of 2% on Wednesday. The price is here at €1.12, the capitalization at €36 billion. Chainlink is also seeing an increase of more than 1%, with the value increasing by 16% in the past week. Here the price is just under €20 and the capitalization is €8.6 billion. On the market as a whole, capitalization remains stable at around €1.3 trillion.
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