The crypto market looks like it is going to end this week on a bear run. As of writing, the market had grown red, and most of the cryptocurrencies have tumbled, with Terra (LUNA) and LUNA Classic (LUNC) being among the coins posting a decline today.
Terra (LUNA) was already 1.5% down in the past 24 hours, while LUNA Classic (LUNC) is down 2.5%. This decline is higher than the average global marketcap decline. These coins have tumbled during a time when Bitgert (BRISE) and Centcex (CENX) have been rallying.
For the last few months, Bitgert and Centcex have grown to be some of the biggest rivals for the Terra (LUNA) and LUNA Classic (LUNC). They have been the coins that most Terra and LUNA Classic investors’ have been joining over the last few months.
Why Terra and LUNA Classic (LUNC) Are Tumbling
There have been a lot of developments that have happened around the Terra (LUNA) and LUNA Classic (LUNC) projects for the last few weeks, but little has been achieved in getting back the investors’ confidence. This is one of the biggest challenges these crypto projects are struggling with, and the number of new investors has been very small.
In fact, Terra (LUNA) and LUNA Classic (LUNC) investors have been dumping heavily for the last few months due to lack of confidence in the coin. With no major game-changing developments coming up from these crypto projects, then we are looking at their attractiveness slowly fading away.
The Terra (LUNA) and LUNA Classic (LUNC) association with Do Kwon is also another factor that is causing their poor performance in the market. Do Kwon is still being investigated for criminal charges. That’s why reports about him have been affecting the Terra (LUNA) and LUNA Classic (LUNC) prices negatively. These are just some of the reasons why Terra (LUNA) and LUNA Classic (LUNC) have tumbled.
Why Bitgert (BRISE) and Centcex (CENX) Prices Are Going Up
There are two things that are pushing Bitgert (BRISE) and Centcex (CENX) prices up – hype and disruptive developments. The Bitgert and Centcex team has been releasing game-changing products, and their adoption has been the reason why these coins are doing very well in the market today.
The hype around Bitgert (BRISE) and Centcex (CENX) projects has made them some of the most trending crypto assets in the market. This is attracting a lot of investors, who have kept the market capitalization for these coins growing as Terra (LUNA) and LUNA Classic (LUNC) tumble.
Share This Article
Do the sharing thingy
About Author
More info about author