LUNA leads altcoin rally with 40% profit and hits new ATH

With the constant correction in the crypto market, altcoins often become the main victims of large sell-offs, but they can also make the biggest gains during a recovery – currently powered by tokens like LUNA, MANA and HBAR.

LUNA protests 40%

During the downturn, Luna successfully defended its position as a market leader with a profit of more than 75% from its value last month and around 40% in the last five days.

Source: TradingView

Currently, LUNA has just hit a new ATH at $ 79.92 but has fallen slightly to current levels. Altcoins broke into the top 10 on CoinMarketCap after overtaking PolkaDot, Avalanche and DOGE. Currently, this asset ranks 9th with a market capitalization of more than $ 29.2 billion.

MANA pump 10%

Although MANA is trading within a fairly strong downtrend, MANA, along with other tokens, is still leading the altcoin recovery rally. Previously, Decentralend had announced that MANA would be accepted by big stores like GameStop through Flexa.

Source: TradingView

Altcoins currently rank 27th in market capitalization on CoinMarketCap. In terms of price movement, MANA is trading at $ 3.2, which is 6% below its intraday high.

The weekend rally is currently being led by major altcoin market players such as XRP (+ 8%), LTC (+ 4%) and NEAR (+ 5%). Other altcoins from the top 100 move in a range and show growth between 0.1% and 0.5%.

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