Global Crypto Market Recovers
The Terra (LUNA) blockchain network was temporarily shut down in order to install a patch to avoid governance assaults. Meanwhile, the cryptocurrency market trade volume increased by 722 percent.
As of 8.50 p.m., the global crypto market recovers had increased by 1.79 percent to $1.27 trillion. According to Coinmarketcap statistics, worldwide crypto volume increased by 722.42 percent to 1.79 trillion.
The price of Terra (LUNA) plummeted so low that TerraLabs had to momentarily shut down the blockchain to install a new patch to prevent governance assaults. TerraLabs tweeted, “Validators are deploying a patch to block additional delegations, and they will cooperate to restart the network in a few minutes.”
Prices of Cryptocurrencies
Bitcoin (BTC), the world’s oldest cryptocurrency, was trading at $29,892.19, up 4.45% in the last 24 hours. The price of Ethereum (ETH) increased by 0.19 percent to $2,060.97.
Among other notable currencies, Cardano (ADA) was up 7.8 percent to $0.5197, Algorand (ALGO) was up 4.9 percent to $0.4547, Binance Coin (BNB) was up 13.82 percent to $299.42, Solana (SOL) was down 2.88 percent to $47.27, and Polkadot (DOT) was up 8.78 percent to $9.43.
Sweet SOL (SSOL) was the biggest gainer today, rising 1809.22% to $0.00001063. DragonKnight was the biggest loss.
(DK), which fell 99.58 percent to $0.04577.
Prices for Meme Coin and DeFi
Dogecoin (DOGE) gained 7.37 percent to $0.08913. Its volume-to-market-cap ratio is 0.2287. Shiba Inu (SHIB) rose 7.9 percent to $0.00001232.
Dogelon Mars (ELON) rose 9.12% to $0.0000005189, Floki Inu (FLOKI) fell 2.59 percent to $0.000007318, and Samoyed Coin (SAMO) fell 19.29 cents to $0.005751.
In the DeFi sector, YFI (yearn.finance) was down 8.37 percent at $10,265.95, while Terra (LUNA) was down 98.56 percent at $0.007651. Avalanche (AVAX) was up 5.95 percent at $32.04, Uniswap (UNI) was up 5.85 percent at $5.07, and Aave (AAVE) was up 6.06 percent at $81.56.
According to Ashley Alder, Chairman of the International Organization of Securities Commissions (IOSCO), of which India’s SEBI is also a member, the crypto digital currency market has developed so much that its relationship to the mainstream financial market has risen dramatically. As a result, policymakers throughout the globe have prioritised cryptocurrency.