This could be the ideal strategy when using AVAX, LUNA ATH. meet
Total market cap recently jumped spectacularly above the $ 3 trillion mark. Additionally, Bitcoin and ETH hit new ATHs on the chart shortly after this success, breaking previous major psychological resistances. In addition to the two top coins, however, Layer 1 protocols such as Avalanche (AVAX) and Terra (LUNA) have also recorded “huge” increases in the year to date.
AVAX and LUNA achieved quarterly ROIs of 428% and 208% respectively, with the price chart looking pretty impressive for the past 3 months.
Source: trade view
The trajectories have been fairly smooth so far and both LUNA and AVAX encountered ATHs. But what will these altcoins need to keep winning?
Short Retail FOMO
Despite the recent consolidation in the short-term charts of AVAX and LUNA, both are generating positive weekly ROIs. In fact, once it gets back on its feet, the likelihood of AVAX breaking above $ 100 looks high.
Likewise, LUNA is hovering at $ 51.44 at the time of writing. Given the history of altcoin, a rally above $ 70 in the near future shouldn’t come as a big surprise. Just last week, Grayscale announced the addition of AVAX and LUNA to its list of assets to be audited.
If Grayscale adds these Layer 1 tokens to its range of investment products, they could spark further interest among institutional investors.
Currently, however, AVAX and LUNA lack the retail FOMO, especially LUNA. While the retail crowd is back at AVAX due to the volume increase to 2 billion, the volume of LUNA at the time of going to press is still around 845 million.
The source: Sanbase
The street in front of us looks bright
In the past week, both seem to be doing quite well in the DeFi area. Notably, Terra’s Total Value Locked (TVL) began to hit the $ 10 billion mark, while Avalanche followed closely at $ 8.8 billion. In fact, Avalanche’s TVL is constantly breaking the ATH, which is currently at $ 8.8 billion. Plus, lending rates are higher than both DEX and assets.
Total locked | The source: Coin98Analytics
On the flip side, Terras TVL passed the $ 10 billion mark last week thanks to LUNA’s growth. With the new milestone, Terra will expect positive changes in the fourth quarter when AstroPort and Mars Protocol, two highly anticipated projects in the DeFi ecosystem, launch on Terra.
Total locked | The source: Coin98Analytics
Both AVAX and LUNA have low volatility or standard deviation in daily returns over a period of time. The volatility of AVAX is 0.92 while that of LUNA is 0.95, which allows investing in less risky assets.
All in all, despite the lack of retail FOMO, a boost from retail buyers could lead to both altcoins in new ATHs soon. Furthermore, it looks like institutional interest will drive the development of AVAX and LUNA upwards.
Since this season is cheap for Layer 1 protocols, sticking to LUNA and AVAX would be a good choice for now.
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
Minh Anh
According to AMBCrypto
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This could be the ideal strategy when using AVAX, LUNA ATH. meet
Total market cap recently jumped spectacularly above the $ 3 trillion mark. Additionally, Bitcoin and ETH hit new ATHs on the chart shortly after this success, breaking previous major psychological resistances. In addition to the two top coins, however, Layer 1 protocols such as Avalanche (AVAX) and Terra (LUNA) have also recorded “huge” increases in the year to date.
AVAX and LUNA achieved quarterly ROIs of 428% and 208% respectively, with the price chart looking pretty impressive for the past 3 months.
Source: trade view
The trajectories have been fairly smooth so far and both LUNA and AVAX encountered ATHs. But what will these altcoins need to keep winning?
Short Retail FOMO
Despite the recent consolidation in the short-term charts of AVAX and LUNA, both are generating positive weekly ROIs. In fact, once it gets back on its feet, the likelihood of AVAX breaking above $ 100 looks high.
Likewise, LUNA is hovering at $ 51.44 at the time of writing. Given the history of altcoin, a rally above $ 70 in the near future shouldn’t come as a big surprise. Just last week, Grayscale announced the addition of AVAX and LUNA to its list of assets to be audited.
If Grayscale adds these Layer 1 tokens to its range of investment products, they could spark further interest among institutional investors.
Currently, however, AVAX and LUNA lack the retail FOMO, especially LUNA. While the retail crowd is back at AVAX due to the volume increase to 2 billion, the volume of LUNA at the time of going to press is still around 845 million.
The source: Sanbase
The street in front of us looks bright
In the past week, both seem to be doing quite well in the DeFi area. Notably, Terra’s Total Value Locked (TVL) began to hit the $ 10 billion mark, while Avalanche followed closely at $ 8.8 billion. In fact, Avalanche’s TVL is constantly breaking the ATH, which is currently at $ 8.8 billion. Plus, lending rates are higher than both DEX and assets.
Total locked | The source: Coin98Analytics
On the flip side, Terras TVL passed the $ 10 billion mark last week thanks to LUNA’s growth. With the new milestone, Terra will expect positive changes in the fourth quarter when AstroPort and Mars Protocol, two highly anticipated projects in the DeFi ecosystem, launch on Terra.
Total locked | The source: Coin98Analytics
Both AVAX and LUNA have low volatility or standard deviation in daily returns over a period of time. The volatility of AVAX is 0.92 while that of LUNA is 0.95, which allows investing in less risky assets.
All in all, despite the lack of retail FOMO, a boost from retail buyers could lead to both altcoins in new ATHs soon. Furthermore, it looks like institutional interest will drive the development of AVAX and LUNA upwards.
Since this season is cheap for Layer 1 protocols, sticking to LUNA and AVAX would be a good choice for now.
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
Minh Anh
According to AMBCrypto
Follow the Youtube Channel | Subscribe to telegram channel | Follow Facebook page
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