In 7 Days Terra Luna Percentage Increase Beat Bitcoin - page 3.

Doell

hero member

Activity: 2156

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Previously there was news about Luna will be backed by a $1 billion Bitcoin reserve, it sparked investor interest to own it. Besides that, you can read this

Quote

The mechanism that keeps Terra's algorithmic stablecoin UST stable is rather interesting. Unlike other centralized stable coins, UST isn't backed by U.S. dollars, but is fixed to the U.S. dollar via a minting and burning process for LUNA. If the price of UST falls off its peg and goes lower than $1 per token, UST can be swapped for LUNA (which is minted) and sold for $1, providing arbitrage gains for investors. The inverse is true on the upside, where higher demand for UST means more LUNA is burned, reducing LUNA's supply and increasing its price.

Source : fool.com Luna percentage value in above bitcoin for now, maybe it won't that's last long, only a week or even two weeks if lucky.

kentrolla

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Activity: 1652

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This is pretty common as I dont think we need to speculate anything over here as we have seen in the past and even currently we see altcoins gaining more than bitcoin. If it happens on a regular basis for over months or atleast one year then we might think about it but just 7 days data is like a drop in the ocean to come to any conclusion, also we have seen coins like XRP which pumped much more than Bitcoin at one point of time but once it was dumped it was never able to reach even half of its previous ATH wherein bitcoin has set up new ATH which is almost 3x more than its previous ATH during the same period of time. We need to consider how soon a coin can bounce back instead of just focusing on pumps because even shitcoins do dump but then end up worthless.

StarKay

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Merit: 16

We All Can Make It

I don't think that there is anything strange about the increase of Terra Luna and Avax over Bitcoin because many Altcoins occasionally gain massively against BTC for one reason or the other.
Although reasons for this is not specific as I couldn't particularly point to any source but it can be anything from Massive pump, introduction of new features, partnership that may lead to increase adoption, listing on a new exchange etc.
Let's see how long this will last but I am sure the price will correct back in no time.

coco23

hero member

Activity: 1974

Merit: 856

Just looking at the 7-day performance only gives you a momentary snapshot of the market. There could be an actual reason, but most likely it's just the normal fluctuations of pump and dumps of the different altcoins. If you follow these pump-and-dump telegram channels, they constantly announce new alts to buy and to sell, which could already explain the outperformance which is observed here.

Ararbermas

sr. member

Activity: 2016

Merit: 283

That week percentage can be change without knowing mate, especially if there's a strong resistance ahead and that's what i see right now on terra luna.

Which in my view seems soon or later within this week it will gonna test the resistance.

And its been weeks actually since terra luna makes good performance while other top crypto is making correction.

And yes if it breakout successfully there will be a continuation of uptrend. However if it reacts on the resistance level, expect a reversal or a retest.

rodskee

full member

Activity: 2576

Merit: 205

Quote from: indah rezqi on March 01, 2022, 02:48:45 AM

The market seems to have increased. Recent monitoring, an average increase of 15%. From the order of coins 1 to the top 10, Terra Luna experienced a very large increase of 80% and Avalanche (AVAX) experienced an increase of 25% in 7 days. While Bitcoin is only 18%.
What do you think makes Terra Luna and AVAX increase with a very high percentage of Bitcoin?

Source: coinmarketcap March 1, 2022

First Solana , you have made a thread for this coin 6 months ago

https://bitcointalksearch.org/topic/m.57974928

and then MATIC in which you tried to push last December 2021 and Yes this has already end the pumping

https://bitcointalksearch.org/topic/m.58616189

and Now here we are , LUNA is what you are pushing and yes will Beat Bitcoin in percentage? then when this will be? Grin

aruldaroy

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Activity: 686

Merit: 100

Quote from: indah rezqi on March 01, 2022, 02:48:45 AM

The market seems to have increased. Recent monitoring, an average increase of 15%. From the order of coins 1 to the top 10, Terra Luna experienced a very large increase of 80% and Avalanche (AVAX) experienced an increase of 25% in 7 days. While Bitcoin is only 18%.
What do you think makes Terra Luna and AVAX increase with a very high percentage of Bitcoin?

Source: coinmarketcap March 1, 2022

From 2021 tera luna has been the best performing cryptocurrency to now the second largest DeFi blockchain, surpassing Binance Smart Chain and Solana.
Maybe the tera luna percentage increase has something to do with blockchain defi.
Moreover, the LUNA Coin can also attribute its massive growth to the increasing adoption of decentralized finance projects so it is not impossible that the percentage of tera luna has increased so high.

indah rezqi

hero member

Activity: 1512

Merit: 874

The market seems to have increased. Recent monitoring, an average increase of 15%. From the order of coins 1 to the top 10, Terra Luna experienced a very large increase of 80% and Avalanche (AVAX) experienced an increase of 25% in 7 days. While Bitcoin is only 18%.
What do you think makes Terra Luna and AVAX increase with a very high percentage of Bitcoin?

Source: coinmarketcap March 1, 2022

Topic: In 7 Days Terra Luna Percentage Increase Beat Bitcoin - page 3. (Read 434 times)