By 
The crash of Terra LUNA has led to worries about the next top cryptocurrencies that could crash. As with LUNA, it is incredibly difficult to make this prediction. In addition, in most cases, coins tend to move in unison. So from my point of view, here are the two cryptocurrencies that you can use after the LUNA Crash should be avoided.
Waves
Waves is one of the largest blockchains in the world. Its WAVES token has a market capitalization of over $797 million. It is a popular coin that has been used to build some of the most popular products in the decentralized industry. Some of the most popular apps in its ecosystem are Vires Finance and Waves Exchange.
The biggest concern regarding Waves is Neutrino, its algorithmic stablecoin, which is very similar to Terra USD. The coin has had some serious problems in recent months. For example, he lost his bond in April and crashed to an all-time low of 33 cents.
The coin is still below its parity, which leads to significant concerns that it will also lose its bond in the coming months or weeks. Should this happen again, we could see a big sell-off of both Neutrino and Waves. In fact, the Waves price has already crashed by more than 88% from its highest level this year.
Cardano
Cardano is one of the most popular cryptocurrencies in the world. Like Terra, it is also one of the largest coins in the world with a market capitalization of more than 19 billion USD. The only major difference between Cardano and Terra is that it is not associated with any major stablecoin.
The main concern at Cardano is that its ecosystem is missing something. While ADA is worth over $19 billion, its DeFi ecosystem has a total value of over $130 million. Critics point to the fact that at its peak, Terra’s ecosystem had a TVL of over $ 30 billion.
However, investors should be worried, because Cardano seems to be a ghost chain that does not have a meaningful project in its ecosystem. And this despite the fact that it was launched in 2015.
In fact, it seems that investors have been worried about Cardano for some time now, as its market has fallen by more than $ 91 billion.
Comments