Terra LUNA is the biggest loser in crypto today, plummeting 27%.
Both Terra crypto assets are red on the day, retracing after their recent bull runs. Terra Classic (LUNC) is also down today, losing 20% - the second highest loser after LUNA.
In other altcoin news, ERC-20 token Tamadoge (TAMA) raised $15 million during its presale.
The Biggest Crypto Earners
Bitcoin is climbing steadily, up 3% in the past 24 hours, hitting an intraday high of $22,500 and many altcoins are following – notably Solana is up 7% and a top 10 crypto gainer on Binance.
Hedera Hashgraph (HBAR) performs even stronger, up 13% and ranks among the top 5 crypto gainers on Binance since announcing its next Coinbase listing broke today.
Top Crypto Trader sells LUNC
Yesterday, Altcoin Sherpa tweeted to its 183,000 followers that it opened a short position on LUNC, timing the top nicely.
Sell LUNA, Buy TAMA?
Retail investors tend to buy the top of bull cycles in FOMO in green candles – at the time when Terra (LUNA) and Terra Classic (LUC) had been making headlines for their explosive rises over the past few weeks, the top was in place.
A bright spot for Terra bulls is that LUNA price has rebounded from the daily EMA 8 at $4, as shown on the Terra price chart above.
A better way to invest in cryptocurrency is to research new crypto projects at the presale or initial coin offering (ICO) stage, but start trading on crypto exchanges and reach a high valuation of several billion dollars.
Tamadoge (TAMA) is the native token of an upcoming game to win crypto game, embracing the aesthetics and mass appeal of dog-themed meme coins but having a use case and being deflationary with a low fixed supply – unlike for example Dogecoin which has an infinite supply and is inflationary.
This way it solves some of the problems that DOGE and Shiba Inu (SHIB) faced in that they had little use or rarity as a reason to keep them after reaching fully diluted ratings (FDV) of tens billions in mid to late 2021. .
Learn more about TAMA, its track record and its team at tamadoge.io.
As of this writing, Tamadoge’s pre-sale is poised to sell out this month, with less than $4 million remaining before its $19 million cap is hit.