Terra and Flow make big gains while Bitcoin and Ether stall

Terra and Flow make big gains while Bitcoin and Ether stall

New listings, partnerships and stablecoin developments saw Terra and Flow buck the trend while much of the market stagnated

Last week saw much of the crypto market stagnate. Bitcoin fell 3%, while Ether dropped 8%. Most major cryptocurrencies also formed red weekly candles last week. However, some coins managed to buck the trend, and among those that soared in price were Terra (LUNA) and Flow (FLOW).

Terra is a decentralised finance (DeFi) infrastructure that supports stable programmable payments. It provides smart contracts, an oracle system and a stablecoin protocol, which is backed by a basket of seigniorage share style stablecoins that are algorithmically stabilised by LUNA, the project’s native cryptocurrency.

Dollar-pegged stablecoin TerraUSD (UST) and synthetic assets platform Mirror Protocol (MIR) are both built on the Terra blockchain and are both receiving listings on Bitfinex, according to an announcement on Friday.

LUNA also received a listing on Crypto.com at the end of June, while Harmony revealed a full-stack partnership with Terra last week that will see UST join the Harmony ecosystem.

These developments have clearly garnered attention as social mentions of Terra are up 40% in the last week, while social engagement is up 115%, according to LunarCRUSH. The result is that LUNA made gains of 41% last week, after rising 7% yesterday alone.

Meanwhile, Flow’s digital infrastructure is designed for internet-scale applications, games and digital assets, all of which are powered by the FLOW cryptocurrency.

The ecosystem has seen a lot of developments over the last few weeks. It was revealed that USDC was coming to Flow, and the project also launched its own native stablecoin, Flow USD (FUSD).

Flow is known for its partnerships with popular non-fungible token (NFT) projects such as CryptoKitties and NBA Top Shot. It has continued to innovate in the NFT space recently by powering CNN’s genesis NFT drop. Flow will also host Rarible’s brand new NFT marketplace.

What’s more, regulated digital bank Anchorage added custody and staking support for FLOW towards the end of June, due to significant demand from institutional clients.

This demand has been reflected in the recent price action of the token, which surged 73% last week and made gains of 26% just over the weekend.

The post Terra and Flow make big gains while Bitcoin and Ether stall appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Coinlist.me.

  • Bitcoin
  • Ethereum
  • Tether
  • Cardano
  • Polkadot
  • Binance coin
  • Dogecoin
Scan to Donate Bitcoin to 194astnfvj2nr6izGJFwG9ebRqNU7ynQYY

Donate Bitcoin to this address

Scan the QR code or copy the address below into your wallet to send some Bitcoin

Scan to Donate Ethereum to 0xe5853a1d08b3ea0bb69276b0e40cdf858968d822

Donate Ethereum to this address

Scan the QR code or copy the address below into your wallet to send some Ethereum

Scan to Donate Tether to 0xe5853a1d08b3ea0bb69276b0e40cdf858968d822

Donate Tether to this address

Scan the QR code or copy the address below into your wallet to send some Tether

Scan to Donate Cardano to DdzFFzCqrhsu1xWeeGai3gbgsbrFP26zPaVrCJqqF286carQJmAkTitRQSUCLhYLpKCotroRRNpKj7YcnAJQqpSfsHHdj8nUaitPvH4j

Donate Cardano to this address

Scan the QR code or copy the address below into your wallet to send some Cardano

Scan to Donate Polkadot to 155rGKVEanCxpi5EqGh8yh1AkGpm6bVUa7RQNydA38KzbhNu

Donate Polkadot to this address

Scan the QR code or copy the address below into your wallet to send some Polkadot

Scan to Donate Binance coin to bnb136ns6lfw4zs5hg4n85vdthaad7hq5m4gtkgf23

Donate Binance coin to this address

Scan the QR code or copy the address below into your wallet to send some Binance coin

Tag/Note:- 105346725
Scan to Donate Dogecoin to DKN9sscVgSBVyG7f9PYJq2D3BhWK5ffUmK

Donate Dogecoin to this address

Scan the QR code or copy the address below into your wallet to send some Dogecoin


Credit: Source Link

Comments are closed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy
WP Twitter Auto Publish Powered By : XYZScripts.com