The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
All Alt Coin

After 375% hike, here’s where LUNA stands against its fellow alts

by Miki 08/22/2021
by Miki 08/22/2021 0 comment

It’s true that the cryptocurrency market is an unpredictable space. When altcoins such as LUNA, barely 2 years old, perform better than 4 to 7-year-old coins, it simply underlines the aforementioned aspect about the markets. In fact, many of these altcoins have risen exponentially, rather than gradually. 

LUNA beats ETC and BCH

LUNA is one such crypto. In the last one month alone, LUNA rose by 375%, up from $5.8 to trade at $27.8 at press time. Since its launch, the altcoin has gained by a solid 2,167%

LUNA rallies by 375% | Source: TradingView – AMBCrypto

Interestingly, in comparison, Ethereum Classic and Bitcoin Cash have not been keeping up with the alt’s market. Their rallies are yet to cover the losses noted over the last 2 months. While BCH gained by only 71%, ETC was up by 73%. 

Metrics tell the same story  

The Sharpe Ratio underlines the degree of strong returns for an asset based on market movement. Right now, LUNA is soaring, with the indicator touching 10.0 today.

ETC and BCH have been lagging behind, at 6 and 8, respectively, however. 

Secondly, LUNA’s circulating market cap is also higher than BCH and barely $1 billion behind ETC.

LUNA’s Sharpe Ratio | Source: Messari – AMBCrypto

Furthermore, real volumes of this newer altcoin were $194 million higher than Bitcoin Cash’s $50 million and Ethereum Classic’s $60 million.

Another aspect where LUNA trumps these bigger altcoins is that LUNA is a trader’s coin. When traders operate the market for a crypto, prices have room to rise at a quicker pace. 

The opposite of that is reflected on BCH as it is primarily a HODLer’s coin. In fact, the average duration that it is held for was sitting at 3.3 years, at the time of writing.

Bitcoin Cash’s average holding time | Source: Intotheblock – AMBCrypto

Finally, as far as the network is concerned, news of Terra beating Polygon to become the third-highest TVL blockchain (locked value worth $6.2 billion) also possibly impacted LUNA’s rally.

Even so, investors must remain vigilant before investing since the fear of DeFi hacks still looms over Terra. This year alone more than $361 million has been stolen out of DeFi projects.

DeFi hacks this year cost $361 million | Source: CipherTrace

Source link

Views: 8
altsfellowHereshikeLUNAStands
Share
0
FacebookTwitterPinterestEmail
previous post
Dogecoin Price Dips 2.3% to $0.317 – Where to Buy DOGE Dip
next post
Polkadot, EOS, Dogecoin Price Analysis: 22 August

Related Posts

Are Solana’s bulls really strong enough to halt...

12/29/2021

IXFI Announces Launch of New-Age Exchange Platform

12/29/2021

Litecoin repeating history will have this effect on...

12/28/2021

More than just a game – what GameFi...

12/28/2021

Even as network hits one million users, FTT...

12/28/2021

Fintech Expert Makes Six Bold Predictions for Crypto...

12/28/2021

A recovery rally in play for Sushiswap, as...

12/28/2021

SEC Accused of Deliberately Trying to ‘Kill’ XRP...

12/28/2021

Recent gains may finally boost Aave’s dominance in...

12/28/2021

Santa Floki Price Rallies 5,000% after Elon Musk’s...

12/28/2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

    12/29/2021
  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

    12/29/2021
  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

    12/29/2021
  • Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

    12/29/2021
  • Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

    12/29/2021

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)

About Us

About Us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, blockchain, Market, and more.

Featured Posts

  • Bitcoin ETFs Will Completely Replace Gold ETFs In Next Two-Three Years

  • Ethereum Breaking This Confluence Resistance Could Spark a Significant Surge

  • Ripple to Announce Massive Partnership Deal with Wanchain

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Mining (0)
  • Ripple (149)
  • Uncategorized (0)
  • Facebook
  • Instagram
  • Linkedin
  • Contact
  • Privacy Policy
  • Terms & Conditions

@2021 -thecryptonewsweb.com - All Right Reserved.

The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$29,184.002.23%
  • ethereumEthereum(ETH)$1,804.121.24%
  • tetherTether(USDT)$1.00-0.86%
  • usd-coinUSD Coin(USDC)$1.00-0.82%
  • binancecoinBNB(BNB)$306.381.03%
  • rippleXRP(XRP)$0.3949922.95%
  • Binance USDBinance USD(BUSD)$1.00-0.26%
  • cardanoCardano(ADA)$0.470507-0.66%
  • SolanaSolana(SOL)$42.54-0.88%
  • polkadotPolkadot(DOT)$9.667.23%
  • dogecoinDogecoin(DOGE)$0.0786792.70%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$29,161.001.74%
  • tronTRON(TRX)$0.0824170.25%
  • Lido Staked EtherLido Staked Ether(STETH)$1,756.250.49%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • AvalancheAvalanche(AVAX)$22.90-2.58%
  • daiDai(DAI)$1.00-0.88%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • Shiba InuShiba Inu(SHIB)$0.0000110.14%
  • AlexAlex(ALEX)$0.068435-0.04%
  • LADZLADZ(LADZ)$0.0686894.36%
  • leo-tokenLEO Token(LEO)$4.88-0.22%
  • litecoinLitecoin(LTC)$63.593.07%
  • CronosCronos(CRO)$0.1732273.99%
  • matic-networkPolygon(MATIC)$0.601.02%
  • HederaHedera(HBAR)$0.389473-3.44%
  • FTX TokenFTX Token(FTT)$27.402.20%
  • RareRare(RARE)$0.0461220.00%
  • NEAR ProtocolNEAR Protocol(NEAR)$5.05-2.43%
  • bitcoin-cashBitcoin Cash(BCH)$179.331.57%
  • moneroMonero(XMR)$188.86-0.39%