Terra Luna’s price has crashed badly after underperforming ust stablecoin, The coin has fallen from an all-time high of $120 to the current $2.8. The Terra USD stablecoin has also declined from $1 to around $0.45. Here are some of the top cryptocurrencies to buy as the LUNA crashes.
anchor protocol
Anchor Protocol is the largest decentralized finance (DeFi) platform built using Terra’s platform. At its peak, it was the second largest DeFi platform in the world after Curve. Its Total Value Locked (TVL) has come down to just $4.7 billion from its all-time high of over $20 billion.
Meanwhile, the ANC token declined sharply as concerns about UST persist. For example, the ANC price declined from an all-time high of over $6 to the current $0.189. Still, there is a possibility that investors have become extremely fearful. Therefore, there is a possibility that the price of Anchor Protocol will now return as it has become highly oversold.
universe
The price of Cosmos has been in a strong bearish trend over the past few months. The selloff continued this week as LUNA price crashed. This downgrade happened simply because Terra is actually built using the Cosmos SDK. Therefore, the price of ATOM has declined as investors expect less activity in the ecosystem.
However, Cosmos is much larger than Terra. For example, it has been used to connect most cryptocurrencies using the Hub feature. At the same time, there are other large platforms that have been built using Cosmos. These include popular platforms such as Thorchain and Osmosis.
lido
Lido is another cryptocurrency whose price has plummeted due to the LUNA price sell-off. The coin has declined from an all-time high of $5.20 to today’s low of $1.62. It is a DeFi platform that provides liquidity for staking assets. According to its website, its platform has a net worth of over $10 billion.
I am confident that Lido will weather this storm well. For one, unlike the Anchor protocol, Lido has branched out into other blockchains. For example, it has a large platform in Ethereum with over $10.1 billion in assets. It has also been launched in Kusama, Polygon and Solana.
Luna
second coin to buy after Luna crash It’s Terra. While the situation looks bleak, there is a possibility that LUNA price will bounce back. Historically, investors tend to overreact when major events happen. Remember when the Russian ruble crashed after the invasion of Ukraine? So it is likely that some investors will buy this fall.