Cryptocurrencies that have risen and fallen in recent times

In the crypto world, nothing can be predicted. That’s what makes this world so fun and yet also exciting. However, the constantly fluctuating prices on the market sometimes make it difficult. For example, to finally buy a promising crypto coin. Or, for example, to decide when to sell one of the crypto coins you own. So sometimes it is useful to get a little overview of different coins that have done extremely well or rather poorly recently. Therefore, we list two cryptocurrencies that have risen significantly for you, as well as two cryptocurrencies that have fallen significantly.

Terra Classic USTC

Terra Classic USTC, formerly known as UST and now under the abbreviation USTC, is a so-called stablecoin. This principle means that the value of this cryptocurrency always remains equal to a fixed value of a common currency such as the dollar or the euro, a fiat currency. In theory, this means that this US coin should always be worth $1, but unfortunately stablecoins turned out to be less ‘stable’ than previously thought. The value of this coin plummeted in the second quarter of this year, and the cryptocurrency became almost completely worthless.

But: there is hope on the horizon. Developer Tobias Andersen put his thoughts on the coin’s value on paper and shared it some time ago within the Terra Classic USTC community. This marked a huge 57% price increase on the Binance platform. Although the plan described by Andersen seems quite ambitious, the way up has already started. Who knows if this crypto coin will be worth $1 again by default?

Tron TRX

During the winter, the price of crypto always seems to be a little quiet, but not when it comes to Tron TRX. While Terra Classic USTC suddenly increased due to the announcement of a developer plan, the value of Tron TRX increased sharply due to a rumor. The total number of transactions performed on this blockchain shot over 4 billion with a total of 12.5 billion euros in locked value. This new life in the Tron brewery seems to come from Jusin Sun, the founder of the coin.

Sun would have bought a large part of the shares in Huobi through About Capital Management. His plan is to make Huobi a success again. In any case, that plan seems to be working for his Tron TRX coin, resulting in a significant increase in price value and market capitalization.

Cosmos ATOM

Cosmos ATOM was founded in 2019 and has therefore not been on the market for very long. However, the name is already very well known. The market value of the currency rose significantly shortly after its introduction. It ties in with the biggest goal the company has set itself: to house all blockchains in one central system.

This caused the price of the coin to suddenly increase in early 2021. The currency rose from around 5 euros to more than 30 euros. So very promising. However, the price fell just as fast in 2022. The price level of this crypto-coin is now around the much lower 13 euros. However, experts are still full of praise for Cosmos ATOM, so who knows what the future holds for this cryptocurrency.

Bitcoin?

Bitcoin is and remains the most famous cryptocurrency in the world. That is why so much is said and written about this coin. Various Dutch investors fear that the cryptocurrency will soon fall further in value. This drop in value is due to significantly lower confidence in digital currencies, among other things due to the war in Ukraine, sharply rising interest rates and an uncertain financial climate.

The general decline in trust in crypto logically has a big impact on its biggest player, in this case Bitcoin. Investors estimate that confidence in the currency is the lowest since the beginning of 2021. According to the experts, this little confidence has an effect on the price. Bitcoin has fallen in value since the end of 2021. On November 15, 2021, Bitcoin recorded a value of 57,180 euros, while the value is now only around 19,000 euros. A very significant drop in less than a year.

More information?

As we mentioned in the introduction to this article, the crypto world remains a wonderful world where nothing is safe. Past events are still no guarantee of the future, so it is still extremely important to stay up to date with the latest developments. Do you want to continue to act as well as possible yourself? So definitely take a look at an online crypto bank where you can find all kinds of useful information about all kinds of crypto coins in one well-organized bundle.

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