This week’s negative trend has favored Terra (LUNA) and Quant (QNT). The last few days have seen the cryptocurrency markets stay in the red as the prices are continuing their downward trend.
Some cryptos are moving in the right direction, which is good news. Quant (QNT), Terra (LUNA) both registered significant gains Tuesday.
LUNA now trades at $57.30. This makes it the largest stock to have experienced the greatest gains. The price of LUNA has fluctuated between $49.51 – $57.40 over the last 24 hour.
It is currently ranked 9th in the list of most valued cryptocurrencies. The token’s market capitalization has increased by 14.44% to $22,139,669,470.
Analysts expect LUNA to have a market worth $300 at the end of this forecast year.
Quant (QNT) was up 12.96% on Wednesday, to $118.27. This is a 12.96% increase over Monday’s lowest price, $105.25.
QNT fluctuated between $107.77 and $119.52 in the past 24 hours.
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Source: TradingView.com| Source: TradingView.com
QNT, the most highly valued cryptocurrency among the 100 most important cryptocurrencies in the world at the moment is the 63rd.
Market data suggests that the token’s price will reach $515 in December 2030. This is more than was predicted by traders at publication.
Avalanche (AVAX), suffers massive losses
The bearish market, negative news and conflict between Russia, Ukraine have all made investors nervous, making it difficult for many cryptocurrency tokens to maintain their value.
Avalanche, also known as AVAX (or Avalanche), is an example coin that suffered significant losses due to market conditions.
AVAX lost more than 4% on Tuesday as its price plummeted from $75.00 to $75.00.
AVAX now trades at $79.43. This is a substantial increase in its value relative to Tuesday’s previous trading price.
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According to CoinMarketCap, the cryptocurrency gained 12.87% over 24 hours. It is currently trading between $70.13 – $79.45.
The company has a market capitalization at $19 503,725,52 with a fully diluted capitalization at $31,429 838,359
Avalanche’s (AVAX), has enjoyed gains of 13.14% & 13.08% respectively since January.
AVAX claimed Tuesday the 10th highest cryptocurrency spot by 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