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Crypto market remains stable, strong increase at Terra

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On Wednesday (August 4th), the slight decline in the crypto market of the past two days continued. Bitcoin is down 2.5%  in the past 24 hours. Here the value is now below €32,000, the capitalization has fallen below the mark of €600 billion.

In contrast, the LUNA cryptocurrency has been particularly successful. In the past 24 hours, the value of LUNA has risen by 13%, over the past two weeks it has increased by as much as 162%. The value is now €11.7 and the capitalization is almost €5 billion. At the beginning of July, the price was only €5 and the capitalization was €2 billion.

The Terra (LUNA) chart for the last seven days. © CoinMarketCap

LUNA is the native token of the Terra blockchain project, which deals with the construction of infrastructure for stablecoins. The value of LUNA has been rising steadily for more than a month after Terra started a partnership with the open-source platform Harmony, writes BTC-ECHO .

In addition, according to TechCrunch , Terra is very popular with investors. In July, donors including Pantera Capital and Arrington XRP pledged to invest $ 150 million in products linked to the Terra ecosystem over the next few years.

The rest of the crypto market mostly shows declines that are minor. Cardano achieved a slight plus of 2% on Wednesday. The price is here at €1.12, the capitalization at €36 billion. Chainlink is also seeing an increase of more than 1%, with the value increasing by 16% in the past week. Here the price is just under €20 and the capitalization is €8.6 billion. On the market as a whole, capitalization remains stable at around €1.3 trillion.

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Find more crypto news and updates HERE.

Disclaimer:

This article is for informational purposes only. We do not recommend any actions based on this information. The material is not to be construed as an offer or recommendation to buy or sell any security, or as investment advice. Furthermore, this information does not represent a guarantee that the systems described here are suitable or useful for a person. Past performance is not an indicator of future price developments.

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