Dash, Gala, and Terra LUNA, a look at the most interesting cryptos subject to big collapses.
Summary
Price analysis of Dash, Gala, and Terra LUNA cryptos.
In this article we take a look together at how both Dash and Gala and Terra Luna are losing ground, analyzing them one by one below.
Dash (DASH): crypto scores the most terrifying performance compared to Gala and Terra Luna
Although crypto started the year well, it leaves 30 percent of its value on the ground in the last 7 days.
Today the price of DASH marks red hot, losing more than 18 percent, and stops for now at 46.70 euros.
Many digital currencies have appeared on the scene in recent years, among them Dash (DASH) and Verge (XVG).
Whether cryptos or the more dated fiat currencies are the future is no longer up for debate, but the direction finance wants to take the world is.
Dash broke a major selling zone, after which it tested the breakout zone again, and analysts say a period of high volatility should follow.
Gala (GALA)
GALA’s price has lost nearly 20 percent (18.41 percent) over the past week and today the downward run continues unabated.
The token loses almost 11% today to a value of 0.0289 EUR per GALA.
From Gala’s all-time high which had been 0.79 Euro the token today is 80 percent away.
The current outstanding supply is 6,977,205,436 GALA.
GALA, which as of today boasts 6,977,205,436 units in circulation is Gala Games’ Ethereum-based token.
Gala is a pay-to-earn fund, founded five years ago by Eric Schiermeyer with the goal of mass adoption of gaming at all ages and in every corner of the planet.
Recent news has spread via Twitter that Gala is involved in the Genesis affair.
Whale Alert highlighted suspicious transactions to an unspecified wallet by tweeting:
“135,000,000 GALA (7,446,465 USD) transferred from Genesis Trading to an unknown wallet.”
The news appears to have been confirmed and an internal investigation into the matter is underway, this may be partly the cause of the token’s collapse.
LUNC, formerly Terra LUNA.
Terra loses a resounding 22.59% in the last week and 13.06% in the last 24 hours alone.
At the time of writing, the price of LUNC is 0.000112 Euro, a sidereal distance from the all-time high.
The all-time high for the token had been 112.51 Euro and as of today, 5,900,940,707,347.576 LUNCs are outstanding.
Binance until recently, regarding the token, cautioned users about the risks thus:
“a South Korean court has issued an arrest warrant against the founder of Terra 2.0 (LUNA). Please understand the risks involved and operate with caution.”
Now Binance, remembering that there is no spring in the air around Terra Luna, has changed the text to:
“The token has been the subject of negative news recently.”
Although the wording is lighter and perhaps reassuring than the previous one it highlights how the exchange wants to put users on alert.
Rightly so, Binance protects its investors and users by warning them of the risks involved in investing in the binary token.
