Terra (LUNA), Quant (QNT) Pull Up As Avalanche (AVAX) Nosedives
February 23 2022 - 10:07AM
NEWSBTC
This week’s negative trend has favored Terra (LUNA) and Quant
(QNT). The cryptocurrency markets are still in the red in the last
few days, as prices continue their downward trend. The good news is
that some cryptos began to move in the right direction. Both Terra
(LUNA) and Quant (QNT) were among the top gainers Tuesday,
registering significant gains. LUNA is now up 14.87% and trading at
$57.30, making it the major stock with the highest gains. Its price
has fluctuated between $49.51 and $57.40 in the last 24 hours. The
crypto is now ranked 9th among the most valuable cryptocurrencies
on the market. The token’s market capitalization has increased by
14.44% to $22,139,669,470. According to analysts, LUNA is expected
to reach a market value of $300 by the end of the forecast year. In
contrast, Quant (QNT), which had its lowest price of $105.25 and
its highest price of 128.98 on Monday, is up 12.96% Wednesday to
$118.27, a gain of 12.96% over the previous day. QNT has fluctuated
between a low of $107.77 and a high of $119.52 during the last 24
hours. Related Article | Can Shiba Inu Break Past The $1 Mark?
Here’s How It Can LUNA total market cap at $23.55 billion in the
daily chart | Source: TradingView.com QNT is presently the 63rd
most valuable cryptocurrency in market capitalization out of the
top 100 most valuable cryptocurrencies. Recent market data predicts
that the token price will rise to $515 by December 2030, which is
higher than the projections made by traders at the time of
publication. Avalanche (AVAX) Suffers Massive Losses Meanwhile, a
consequence of the bearish market and negative news, including the
conflict between Russia and Ukraine, have made investors jittery,
resulting in a number of cryptocurrency tokens unable to sustain
their value. Avalanche (AVAX) is an example of a coin that has
suffered a significant loss due to unfavorable market conditions.
On Tuesday, the price of AVAX plummeted to $75.00, representing a
loss of more than 4%, making it the most seriously damaged token on
the market. AVAX is now trading at $79.43, marking a significant
increase in value compared to its previous trading price on
Tuesday. Related Article | Shiba Inu Is Getting Ready For
Another Big Run – Can It Hit $0.01? The cryptocurrency has gained
12.87% in the last 24 hours and is now trading between $70.13 and
$79.45, according to CoinMarketCap. With a market capitalization of
$19,503,725,52 and a fully diluted market capitalization of
$31,429,838,359, Avalanche (AVAX) has seen gains of 13.14% and
13.08%, respectively, since January of this year. AVAX on Tuesday
claimed the tenth most valuable cryptocurrency spot in terms of
market capitalization. According to Wallet Investor’s algorithmic
forecast, the price of AVAX might even climb to $184.97 within a
year and $659.55 within five years. Featured image from CoinQuora,
chart from TradingView.com
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