Terra (LUNA) is among February’s best crypto performances
Terra (LUNA) is among February’s best crypto performances
Crypto

Terra (LUNA) is among February’s best crypto performances

By Marco Cavicchioli - 3 Mar 2022

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Terra (LUNA) was one of the top-performing cryptocurrencies in February 2022. 

It is worth noting that only ADA made a loss (-8%), while all the others, excluding stablecoins of course, increased their value during the month. 

The performance of Terra (LUNA)

In general, however, monthly increases have not exceeded 26%. The only exception, among the top 10, is LUNA, the native cryptocurrency of the Terra protocol. 

On 31 January it had hit its lowest point since late November, falling to $44. At that point, it began a massive climb back up, closing the month at over $83, a monthly gain of over 72%

However, the current level of around $93 is in line with the level at the end of December. It was therefore a rebound after a strong and abnormal loss made entirely in January. 

Other crypto performances

XRP also performed well in February, rising more than 25%

The increase was concentrated between February 4 and February 8, when it rose from $0.6 to $0.9 in four days, before falling back to below $0.8. 

It is worth noting that at the end of December it had touched $1. 

AVAX, the native cryptocurrency of the Avalanche protocol, also performed well. Though inferior to LUNA and XRP, it still closed the month with +24%. 

BNB, on the other hand, showed a much more limited performance (+5%), and especially Solana, which closed the month with a measly +1.8%. Solana’s network also suffered from other technical problems that adversely affected its financial performance. 

BTC and ETH performed well 

Bitcoin and Ethereum, on the other hand, followed a similar path, closing with +15% and +14% respectively. 

As with other cryptocurrencies, this was mainly a rebound after hitting lows in late January. 

BTC closed 2021 at $47,000, while February closed at $41,000, and ETH closed 2021 at $3,700, while at the end of February it was at $2,800. 

Cardano in the negative

The only one that has not made such a rebound is ADA, the native cryptocurrency of the Cardano protocol, which has been falling almost constantly since the beginning of September 2021, when it hit an all-time high of over $3. 2021 closed at $1.3, January 2022 closed at $1, and February below $0.9. At the moment, the price has recovered to $0.9

 

Marco Cavicchioli

Born in 1975, Marco has been the first to talk about Bitcoin on YouTube in Italy. He founded ilBitcoin.news and the Facebook group" Bitcoin Italia (open and without scam) ".

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