.png){kind=logo}
The Terra (LUNA) and LUNA Classic (LUNC) coins have been plummeting in the past 24 hours, wiping out most of the gains made from 14th to 16th November. As of this writing, Terra 2.0 and LUNC have been bearish for the past 24 hours, with both coins showing a +3% decline.
The last few days had seen Terra (LUNA) and LUNA Classic (LUNC) start making some impressive recovery from the last two weeks' bear run. The recovery was a result of the market getting a breather that saw most of the coins register a surge. But due to the lack of utility, Terra (LUNA) and LUNA Classic were unable to retain the growth as the bears took over the market this morning.
That's when their big rivals, like Bitgert (BRISE), and Centcex (CENX), have been doing pretty well in the market during this period. In fact, Bitgert has been one of the best-performing coins in the market this week, looking at the charts.
A number of factors might have triggered the Terra (LUNA) and LUNA Classic coins to decline in the past 24 hours. The FTX fall had some effects on these coins' performance. In fact, during the period that FTX was crashing, Terra and Do Kwon were trending too.
The coin plus plummeted, but the recent breather saw an increase in the coins' value that did not last for long. The lack of utility is also affecting LUNA and LUNC prices over the last few days. As of this morning, both Terra (LUNA) and LUNA Classic (LUNC) market values had declined by +4%, and they might hit lower lows before EOD.
The Centcex and Bitgert are expected to rally in the next few days, and this is after looking at the performance of the coins over the last few days. Bitgert and Centcex are among the coins that have registered impressive growth over the last few days. Even in 2022, the growth posted by Bitgert (BRISE) and Centcex (CENX) has been impressive.
Bitgert (BRISE) and Centcex (CENX) are expected to rally this week because of the growing hype and the developments that the team is working on. The Bitgert roadmap V2 and the tens of partnerships are among the factors that will make BRISE one of the best performers this week.
So, as the Terra (LUNA) and LUNA Classic (LUNC) prices tumble, Bitgert (BRISE) and Centcex (CENX) will be the coins that might do well this week.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
