In 7 Days Terra Luna Percentage Increase Beat Bitcoin

[indah rezqi]

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

[aruldaroy]

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.

[rodskee]

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://bitcointalk.org/index.php?topic=5360774.msg57974928#msg57974928




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

https://bitcointalk.org/index.php?topic=5375347.msg58616189#msg58616189

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

[Ararbermas]

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.

[coco23]

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.

[StarKay]

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.

[kentrolla]

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.

[Doell]

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

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.

[Oceat]

A common movement of most altcoins that I know especially if new in the market and is being under hype that's why you will see a massive pump percentage but you should not compare Bitcoin into this since Bitcoin could pump like that too especially after a few months after the halving or there's a good news that would pump BTC.

Most people could invest on what they can afford as long as they understand what they have been investing. I've seen several coins almost like this in the past that doesn't last long after the pump, so good luck with that.

[poodle63]

There are some news that were triggering the price of luna to increase a lot and i will mention these news here. These news are very bullish at this moment.

https://cointelegraph.com/news/rune-s-upcoming-mainnet-launch-and-terra-luna-integration-set-off-a-74-rally

https://cointelegraph.com/news/terra-price-gains-75-in-february-as-2-57b-in-luna-tokens-removed-from-supply

You can also spend a few minutes to read whole of article and know what was the thing that triggering the big rally that happened with. this seems to be the next top 10 CMC soon.

Luna is very bullish at this moment too.

[traderethereum]

Usually, the increase can be due to several important updates issued by the developer and team so that it also increases the trust of their investors.
It is natural because this increase is also experienced by other coins and not just Terra Luna and Avalanche.
But that increase doesn't mean the price has jumped dramatically and exceeds the price of bitcoin. Bitcoin itself is currently experiencing a bullish phase, which triggers many altcoins to increase as well.
Bitcoin will also experience a tremendous increase in the future and you will be surprised.

[robattfield]

The reason Terra Luna and Avalanche have surged in the past few days is the positive news affecting the market as well as the updates surrounding their development. In recent days, not only LUNA, AVA but also many other coins have increased strongly in recent days. However, I am still a bit apprehensive about this strong reaction, and in my opinion, the market will make appropriate adjustments in the near future.

[o48o]

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?

Because they have lower marketcap, so they are naturally more volatile. There's nothing special in AVAX or Terra Luna, they just happened to move in this week, they might as well have gone down and there would be others instead. I mean wee are talking about weekly changes and those come and go, and most of the altcoins obviously pump back after a market dump like we just had. Even if would be a dead cat bounce.

[kotajikikox]

The reason Terra Luna and Avalanche have surged in the past few days is the positive news affecting the market as well as the updates surrounding their development. In recent days, not only LUNA, AVA but also many other coins have increased strongly in recent days. However, I am still a bit apprehensive about this strong reaction, and in my opinion, the market will make appropriate adjustments in the near future.

Like what had happening in all time , because there is not only those mentioned coins has an increase but also almost every legit currency so what is new on that?
and besides let us not look on what is the increase now but what will be the future for those.
surely the whales that bet on this currency had already taken the tons of money and now they are taking their funds out and will never climb back again .

[Retainly_Collie]

The information behind the impressive rally of this cryptocurrency in the past week is that on February 23, Luna Foundation Guard (LFG), a newly established non-profit organization with the goal of developing developer of the Terra ecosystem, has announced a successful funding of 1 billion USD. All funds raised will be used by LFG to buy Bitcoin as a reserve fund for UST.

In addition, Terra, in the past, has also taken many practical actions to support projects in the ecosystem. In mid-February, Terra announced that it had "pumped" 450 million UST into the Anchor Protocol lending protocol, helping this project continue to provide deposit interest rates of up to nearly 20% for investors. I think it will continue to fluctuate strongly in the near future because the market is currently experiencing a lot of big problems on standby.

[Silberman]

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?

So? Why does something like that maters at all? Any coin can have a better week than bitcoin when we have pump and dump groups working every single week to promote their useless coins, so when we think about this from that perspective the fact that a coin happens to outperform bitcoin during such a short time frame does not really tell us nothing about the coin and about the future prospects of it or its potential to keep achieving the same results.

[riskarcher]

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?

So? Why does something like that maters at all? Any coin can have a better week than bitcoin when we have pump and dump groups working every single week to promote their useless coins, so when we think about this from that perspective the fact that a coin happens to outperform bitcoin during such a short time frame does not really tell us nothing about the coin and about the future prospects of it or its potential to keep achieving the same results.

Yes presentation is not everything but the amount of volume traded on that particular coin that determines market interest. then BTC as the coin that determines the direction of the market is what makes the market stable and temporarily bullish. I still believe the market this month will show signs of bull season on Altcoins but it all depends on the price of BTC and the world situation. Luna or other Altcoins will also have a slow upward movement in accordance with the direction of the market

[lobo13hf]

What do you think makes Terra Luna and AVAX increase with a very high percentage of Bitcoin?

This can be known easily when you wanna try to visit CMC https://coinmarketcap.com/currencies/terra-luna/news/

Bunch of good news have come to the terra luna starting from thor chain integration, more investment come, burn and many more. A lot of good news have come at the same time and this is making people wanna try buy more and more luna as much as they can and this increase already predictable. That's why you were seeing that if terra luna has a better performance compared with bitcoin.

This is a common thing in the crypto and you must not be surprised to see that.

[robattfield]

The reason Terra Luna and Avalanche have surged in the past few days is the positive news affecting the market as well as the updates surrounding their development. In recent days, not only LUNA, AVA but also many other coins have increased strongly in recent days. However, I am still a bit apprehensive about this strong reaction, and in my opinion, the market will make appropriate adjustments in the near future.

Like what had happening in all time , because there is not only those mentioned coins has an increase but also almost every legit currency so what is new on that?
and besides let us not look on what is the increase now but what will be the future for those.
surely the whales that bet on this currency had already taken the tons of money and now they are taking their funds out and will never climb back again .

After what I've been through, I have a feeling it's not going to be very good as there will be a lot of things removed from this market. This space has too many junk products and it's not only taking away a portion of the cash flow, but also creating negatives in the market. Diseases, wars, ... are many things that we are facing, and crypto will suffer from this.

[magneto]

I wouldn't really bet on this being long term.

Terra is significantly centralized and dependent on their developers to continue subsidising the Anchor Protocol, which is pretty much the only reason outside of Mirror as to why anyone would use the Terra ecosystem.

I don't think that it is sustainable to have 19.5% or so APY on deposits under a free market mechanism at this point.