Prices and news of the crypto Terra (LUNA), BONK and Polygon (MATIC)

It’s a great time for the cryptocurrency ecosystem. Today we will be analyzing three of his assets that have delivered great results recently: Terra (LUNA), Bonk (BONK), and Polygon (MATIC).

Prices and market statistics of cryptocurrencies Terra (LUNA), Bonk (BONK), Polygon (MATIC)

cryptocurrency Terra (Luna) The value has increased significantly over the past 7 days, registering an incredible positive change of 17.2%.

Currently trading at USD 0.8314, LUNA has a market capitalization of approximately $561 million and a trading volume of $95.22 million over the past 24 hours.

The circulating supply of LUNA is 676.39 million LUNA. LUNA’s all-time high was $10.72.

BONK has seen a significant increase in value over the last week, with an astonishing positive change of 143.33%.

Currently trading at USD 0.000034, BONK has a market capitalization of approximately $2.2 billion, with a trading volume of $2.1 billion over the past 24 hours.

The circulating supply of BONK is 65.2 billion pieces. BONK’s all-time high was USD 0.000055, indicating great potential for further upside.

This cryptocurrency has an average holding period of 15 days and is extremely popular, currently ranking 49th.

Polygon (MATIC) project has increased slightly in value over the last week, with a positive change of 6.58%.

Currently trading at $1.11, MATIC has a market capitalization of approximately $11.1 billion, with trading volume of $1.3 billion over the past 24 hours. The circulating supply of MATIC is 9.9 billion pieces.

MATIC’s all-time high was $2.92, indicating further upside potential in the long term.

This cryptocurrency has an average holding period of 77 days and is extremely popular, currently ranking 15th.

Terra (LUNA) is growing rapidly, while Terra Classic (LUNC) community is not approving updates

The Terra Classic (LUNC) community recently made headlines for rejecting a major upgrade proposal from Authentic Labs, causing the prices of LUNC and USTC to fall.

Pure Labs had proposed significant improvements to the Terra Luna Classic chain to enhance functionality and interoperability.

However, this proposal is facing a major roadblock as key developers have raised questions about some components of the proposed core update.

The rejection of the proposal by validators highlights the community’s commitment to ensuring network stability and security. In particular, questions have been raised about the stability of Cosmos SDK 0.50, a key component of the proposed update.

Despite the setback, Authentic Labs remains determined to continue with security updates using different versions.

This rejection highlighted the importance of thorough evaluation and consensus building in the development and evolution of blockchain projects.

The community remains vigilant as Pure Labs plans to continue significant development in the coming weeks, prioritizing the long-term sustainability and success of Terra Classic.

Polygon (MATIC) is a popular altcoin

February was a bullish month for many cryptocurrencies, including Polygon. MATIC recorded a significant upward trajectory of 34.21% during this period, from $0.76 to $1.02.

This surge positions MATIC as one of the top altcoins to watch. Despite a slight decline to around $0.97 at the end of February, MATIC remains above its 50-day and 200-day simple moving averages (SMAs).

The recent release of Polygon’s AggLayer should further improve MATIC’s price performance and enhance user experience and interoperability within the Polygon ecosystem.

Technical analysis suggests a moderately bullish position for MATIC, with crypto analysts predicting a positive outlook.

MATIC’s Relative Strength Index (RSI) above the threshold of 50 indicates bullish control. If Polygon can maintain its position above the $0.96 threshold, MATIC should aim for his $1.73 by mid-2024.

As the cryptocurrency market continues to evolve, investors will closely monitor MATIC’s performance to determine the best investment opportunities within this dynamic landscape.

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