Weekly recap: Terra Coins Make Greens as Market Gets Some Reprieve

After the world’s total crypto market capitalization dropped by more than $300 billion in the last two weeks, the market is finally recovering some of those gains. As a matter of fact, the total market capitalization gained some $95 billion, ameliorating in the process some of the persistent loss.

Interestingly, the altcoin sector made considerable gains despite Bitcoin still struggling. During the week, Bitcoin touched $18k before ramping back up to trade around $20k. Coins like Terra Classic and Terra made some surprising recoveries.

In a similar fashion, Ethereum could be making some comeback following a 15% increase this week. The second crypto in command was close to falling below the $1,000 level only four days ago. Now, it trades at $1112 after eclipsing $1250 some days ago.

Top Gainers: LUNC and LUNA Both in the Green

Terra Classic (LUNC)

The Terra ecosystem's Terra Classic may be on the road to a comeback after the crash that shook the crypto world. Recent price action surrounding the token has given rise to this sentiment. LUNC entered the week trading at about $0.000059, very little change from last week. However, fast forward a few days, and things took a turn as the token jumped to $0.000069 late on Sunday and has continued to shoot up since then.

Earlier today, Terra Classic peaked at $0.000144, having grown over 140% over the week. The token is currently trading at $0.0001309.

Hive (HIVE)

The native token for DeFi app network Hive has taken massive leaps over the past few days, even recording a 71-cent high this morning. After something of a stretch spent trading around $0.40, HIVE jumped 26% Monday evening to sell for 52 cents kickstarting the recent surge. The token has fallen since its high today, settling at the 60-cent range at writing.

Radicle (RAD)

The governance token for community-led Radicle has had a pretty rad few days. RAD spent the week bouncing between $1.54 and $1.90; however, it broke past the resistance this morning to hit a noteworthy $2.49; the token has grown by 9.21% over the past day.

Rally (RLY)

The creator-centric Rally network has seen the price of its "creator coin" shoot up over 50% since last week. Over the past few days, Rally has rooted itself in the green, fluctuating between $0.041 and $0.050, besides a spike to $0.052 earlier today. RLY has fallen since then but remains secure within the aforementioned range. At writing, it rested mid-range at $0.046.

Anchor Protocol (ANC)

Given LUNA’s rise in the past few days, ANC’s gains are not surprising. The Terra-affiliated token had mild fluctuations during the week. However, the jumps grew larger late on Monday as ANC first traded around $0.15, then dipped a bit low before returning to this region. It repeated this movement before surging again to hit 17 cents. The token took another giant leap this morning to trade at $0.192; it was trading at $0.1575 at press time.

Terra (LUNA)

Like its predecessor, the LUNA token appears to be having a good week. The token rallied after a brief stint in the red last week; initially, it traded at around 2 USD but soon hit values as high as $2.68 and $2.78; the token rested at $2.43 at writing.

Losers: VGX, Harmony Continue to fall, WAVES and SNX Lose Previous Gains

Celsius (CEL)

Over the past week, the heat has been on altcoins across the crypto industry, and staking network Celsius' native token has not escaped getting burned. The token started the week trading just under a dollar, slightly above the values of the past day. However, CEL worsened as the week progressed, charting lows within the 65-cent range. Besides the general state of the market, Celsius is under fire from crypto users who find it "insulting" that the network has ceased withdrawals but continues to pay rewards. Now also on the brink of bankruptcy, it makes sense that CEL is on a significant decline. At press time, the token trades at $0.72.

Harmony (ONE)

Another week and ONE continues to dip to bottom levels. The token closed the past week on a bad note and has doggedly continued the downward trend since. ONE trades at $0.019 at writing, its lowest point this year.

Voyager Token (VGX)

The Voyager token has seen its value journey steadily downwards alongside several tokens in the crypto space. At press time, the token was trading at $0.2672, a 45% decline within a week.

Synthetix (SNX)

SNX's recovery from its two-month downtrend was unfortunately short-lived. The token resumed its dip over the past few days and has dropped 33% from last week's high. At writing, the token rested at $2.61.

XDC Network (XDC)

Aside from brief spikes to $0.03 last week, XDC prices have remained in the red, even worsening over the past few days. The token dropped from $0.029 to $0.024, a 17$ decline in a few days.

Waves (WAVES)

WAVES' efforts to rally in recent times have been washed off the charts by negative price activity spanning the past week. The tokens price has tumbled by 9.41% in the last 24 hours and sits at $5.24 at writing.