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Is LUNA’s bounce back in the current market linked to UST

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Terra’s LUNA has been on a strong and sustained price correction since 5 April. But it is finally registering an uptrend. However, this is an unusual timing because its rally in the last 24 hours took place when most of the top cryptocurrencies registered a bearish performance. Looking back at LUNA’s performance in the last few weeks reveals that this is not the first time that its performance seems untethered from the rest of the market. Many cryptocurrencies started rallying around mid-March and peaked towards the end of the month or within the first three days of April. LUNA kicked off its rally on 23 February this year and extended the bull run until 6 April. LUNA has been cooling down ever since its recent top, leading to a 37% pullback. Numerous events took place during the price correction such as the Nebula protocol deployment, Terra dapp expo, and Terra Global Founder Fellowship program. None of them were enough to stop the bears from pushing down the price. However, the crypt...
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Is Near Protocol the Next Terra?

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  An upcoming stablecoin launch could launch NEAR into Terra's league. In a choppy market for cryptocurrencies over the first quarter of 2022,  Near Protocol   (  NEAR  -0.68%  )  stands out with a roughly 6% gain so far this year, which is the largest year-to-date increase among the top 20 cryptocurrencies by market cap; it has gained about 36% in past 30 days alone. For context,  Bitcoin  is down about 6% over the past month and down 15% for 2022, while  Ethereum  is little changed for the month and down 21% year to date. So what is Near, why is it performing well, and why could it be heading higher?   What is Near? Near Protocol is a  proof-of-stake  cryptocurrency with an $10.5 billion market capitalization. After its strong month, it is now the 18th-largest cryptocurrency by market cap. Near enables smart contracts and prioritizes being a user-friendly and developer-friendly platform. For example, developers can ...
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