2 big cryptocurrencies to worry about after LUNA crash
The Terra LUNA crash has led to worries about the next top cryptocurrencies that could crash. Like with LUNA, it is incredibly difficult to make this prediction. Besides, in most cases, coins tend to move in unison. So, in my view, here are the two cryptocurrencies to avoid after the LUNA crash.
Waves
Waves is one of the biggest 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.
The biggest concern about Waves is Neutrino, its algorithmic stablecoin that has a close resemblance to Terra USD. The coin has been having some serious issues in 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, leading to significant concerns that it will also lose its peg in the coming months or weeks. If this happens again, we could see a major sell-off of both Neutrino and Waves. Indeed, the Waves price has already crashed by more than 88% from its highest level this year.
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