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The market is dumping right now, with the last two days registering a decline in the global marketcap. Most of the big players in the market are already in the red for the past 48 hours. Among the coins that have registered a downtick today are Terra (LUNA) and LUNA Classic (LUNC).
As of writing, LUNA was 4% down in the past 24 hours, while LUNC was 5.8% in the red during the same period. However, LUNA Classic (LUNC) and Terra (LUNA) toughest competitors, Bitgert (BRISE) and Centcex (CENX), were doing well despite the small plunge experienced today. Crypto experts say that Bitgert and Centcex are showing signs of recovering from this plunge today.
However, most of the crypto analysts are bearish about the LUNA Classic and Terra 2.0 projects. This is looking at the performance of these coins and the upcoming developments around them. After the early may crash of the Terra coin and the coming of the hard fork, these two coins have remained unstable.
The observation that these coins might do badly this year is also built on the fact that LUNA Classic (LUNC) and Terra (LUNA) did not do well during the recent bull run. This means they are not attracting investors, and competitors like Bitgert (BRISE) and Centcex (CENX) are outperforming them.
With no major products and projects on the LUNA Classic and Terra 2.0 ecosystems, then these coins will remain dependent on hype to surge. Unfortunately, this hype is dying fast, and the fact that their founder, Don Kwon, is still being investigated makes the matter worse.
Therefore, there are many signs that LUNA Classic and Terra 2.0 might plunge even further this week.
The Bitgert and Centcex projects are building their ecosystems exponentially and have highly disruptive projects and products in their ecosystem. That's why they have been some of the most adopted projects in the market. It is also the reason why they are still green in 2022.
Bitgert (BRISE) and Centcex (CENX) make ideal crypto investments because of their huge potential to make investors rich this year. In fact, Bitgert and Centcex have already made many investors good profits this year.
Therefore, buying Bitgert (BRISE) and Centcex (CENX) today might be the best crypto investment considering these coins' potential to increase by +500% before the end of the year. This is according to the most recent price predictions by crypto analysts.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
