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It’s a great time for the crypto ecosystem and today we will analyze three assets that have had extraordinary results recently: Terra (LUNA), Bonk (BONK) and Polygon (MATIC).
Summary
Prices and market statistics of the crypto Terra (LUNA), Bonk (BONK) and Polygon (MATIC)
The crypto Terra (LUNA) has shown a significant increase in value over the past seven days, recording an incredible positive variation of 17.2%.
Currently trading at 0.8314 USD, LUNA has a market capitalization of around 561 million dollars, with a trading volume of 95.22 million dollars in the last 24 hours.
The circulating supply of LUNA is 676.39 million LUNA. The all-time high price of LUNA was 10.72 USD.
Bonk (BONK) has experienced a significant increase in value in the last week, with a surprising positive variation of 143.33%.
Currently trading at 0.000034 USD, BONK has a market capitalization of around 2.2 billion dollars, with a trading volume of 2.1 billion dollars in the last 24 hours.
The circulating supply of BONK is 65.2 billion. The all-time high price of BONK was 0.000055 USD, indicating significant potential for further gains.
The cryptocurrency has an average holding time of 15 days and enjoys significant popularity, currently ranking at number 49.
The Polygon (MATIC) project has shown a slight increase in value in the last week, with a positive variation of 6.58%.
Currently trading at 1.11 USD, MATIC has a market capitalization of around 11.1 billion dollars, with a trading volume of 1.3 billion dollars in the last 24 hours. The circulating supply of MATIC is 9.9 billion.
The all-time high price of MATIC was 2.92 USD, indicating potential for further gains in the long term.
The cryptocurrency has an average holding time of 77 days and enjoys significant popularity, currently ranking at number 15.
While Terra (LUNA) grows exponentially, the Terra Classic (LUNC) community does not approve the update
The Terra Classic (LUNC) community recently made headlines for rejecting a major upgrade proposal put forward by Genuine Labs, which led to a drop in prices of LUNC and USTC.
Genuine Labs had proposed significant improvements to the Terra Luna Classic chain to enhance its functionality and interoperability.
However, the proposal has encountered a significant obstacle, as important developers have raised doubts about some components of the proposed core update.
The rejection of the proposal by the validators highlights the community’s commitment to ensuring the stability and security of the network. In particular, doubts have been raised about the stability of Cosmos SDK 0.50, a crucial component of the proposed update.
Despite the setback, Genuine Labs remains determined to proceed with security updates using different versions.
The rejection highlights the importance of a thorough evaluation and consensus building in the development and evolution of blockchain projects.
Since Genuine Labs plans to continue with important developments in the coming weeks, the community remains vigilant, prioritizing long-term sustainability and the success of Terra Classic.
Polygon (MATIC) is the altcoin to keep an eye on
February has been a bullish month for many cryptocurrencies, including Polygon. MATIC has recorded a significant upward trajectory during this period, going from 0.76 to 1.02 dollars, with a gain of 34.21%.
This surge has positioned MATIC as one of the top altcoins to keep an eye on. Despite a slight drop to around $0.97 at the end of February, MATIC has remained above the 50 and 200-day simple moving averages (SMA).
The recent launch of Polygon’s AggLayer should further improve the price performance of MATIC, enhancing user experience and interoperability within the Polygon ecosystem.
Technical analysis suggests a slightly bullish position for MATIC, with cryptocurrency analysts predicting positive outlooks.
The Relative Strength Index (RSI) of MATIC above the 50 threshold indicates a bullish control. If Polygon manages to maintain its position above the $0.96 threshold, MATIC should aim for $1.73 by mid-2024.
With the continuous evolution of the cryptocurrency market, investors will closely monitor the performance of MATIC, to determine the best investment opportunities in this dynamic landscape.