Terra (LUNA) & Anchor Protocol (ANC) Experience Phenomenal Spike


The cryptocurrency market experienced a bloodbath yesterday after Russia invaded Ukraine in a full-blown war. The stock market around the world came down crashing like a pack of cards wiping away all profits made last year. However, the crypto market saw a bounceback today as most of the coins, including Bitcoin, are trading temporarily in green. Also, the top-performing cryptos today during this bounceback are Terra (LUNA) and Anchor Protocol (ANC).

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coingecko.com

Terra spiked 30% today and reached a day high of $67 after dropping to $50 yesterday. Similarly, ANC jumped by 27% in 24-hours and hit $3.55. The token reached $2.68 before making a U-turn.

Both Terra and Luna stood out on Crypto Bubbles in the weekly highs segment outshining all the other cryptos. Investors who purchased the dip yesterday are now enjoying good profits as both the tokens have skyrocketed.

coingecko.com

Apart from Terra and ANC, CRO Coin is up +15% and Maker (MKR) is up 19% in the 24-hours day trade.

Nonetheless, no financial expert has predicted a bull run and today’s spike might be short-lived as the war-footing is growing bigger. 2022 has started on the backfoot with a market crash both in January and February. The market was mostly trading sideways and did not report exceptional growth.

Even Bitcoin billionaire Mike Novogratz predicted that people will realize being a crypto investor in 2022 is a hard job. ‘‘This will be a year where people realize being an investor is a difficult job,” he tweeted last month.

cryptobubbles.net

Terra (LUNA) Prediction

Analysts are mostly bullish on Terra claiming it has the potential to take on Ethereum in the long run. Terra has always been bankable crypto for both day-traders and long-term holders. It remained inside the ‘top 10’ cryptos for more than a year despite facing several market crashes.

Dutch cryptocurrency millionaire Etienne vantKruys, predicted last week that Terra will breach the $500 mark in the next five years. ”My idea is Luna is going to be $500 in five years. That’s the horizon we’re playing with,” said vantKruys.