2 Major Cryptocurrencies to Worry About After the LUNA Crash

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The Terra LUNA crash has raised concerns about the next major cryptocurrencies likely to crash. As with LUNA, it is incredibly difficult to make this prediction. Also, in most cases, the pieces tend to move in unison. So, in my opinion, here are the two cryptocurrencies to avoid after the LUNA Crash.

Waves

Waves is one of the largest blockchains in the world. Its WAVES token has a market cap 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.

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The biggest concern with Waves is Neutrino, its algorithmic stablecoin that looks a lot like Terra USD. The coin has had serious problems over the past few months. For example, in April, it lost its peg and crashed to an all-time low of 33 cents.

The coin is still below its parity, raising fears that it may also lose its peg in the coming months or weeks. If this happens again, we could see a massive sell-off from Neutrino and Waves. Indeed, the Waves price has already crashed more than 88% from its high this year.

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gimbal

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 cap of over $19 billion. The only major difference between Cardano and Terra is that it is not associated with any major stablecoins.

The main concern with Cardano is that its ecosystem is a bit lacking. While ADA is valued at over $19 billion, its DeFi ecosystem has a total locked-in value of over $130 million. Critics will point to the fact that Terra’s ecosystem had a TVL of over $30 billion at its peak.

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However, investors should be concerned as Cardano appears to be a shadow chain that has no meaningful projects in its ecosystem. This despite the fact that it was launched in 2015.

Indeed, it looks like investors have been worried about Cardano for quite some time as its market has fallen by over $91 billion.

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