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Daily Trends, Charts, and News - Featuring Terra's LUNA

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Hello everyone! Welcome back to another Daily trends, charts, and news here on Coin Logic! Everyday we feature Bitcoin and Hive charting analysis as well as a daily featured crypto asset! Today's token of the day is LUNA.

Keep reading for the trending markets as in the top gainers and losers as well as the daily update on the Bitcoin Fear and Greed Index and the Bitcoin market dominance charts and our daily news flash!

Token of the Day- LUNA

Terra's LUNA has has a good run over the last year. It is a protocol that uses fiat pegged stablecoins like it's UST and EEUR to power price-stable payment systems that can be used around the globe.

You can get more information on Terra LUNA here: https://coin-logic.com/currencies/terra-luna/

The chart has been looking quite nice over the last year, which has seen LUNA move up gradually and then start to take flight recently due to some fundamentals like pairing with the Cosmos blockchain and adding LUNA, UST, and EEUR to the Osmosis DEX, which just passed 1 Billion in liquidity, allot of it being in the Terra stable coins.

Currently Terra's LUNA has breached into the Top 10 by marketcap and is not showing any signs of slowing up with the development that is happening. Certainly a project to keep your eyes on!

LUNA has been no stranger to the downside over the holiday weeks as it has taken a bit of a correction from it's last run up. We could possibly see some more downside for LUNA in the upcoming weeks, possibly seeing a retracement to the $70.00 level which was the last real significant area of support/resistance.

Bitcoin

Bitcoin has been extremely boring in the last few days. Not very sure what direction it is heading in the short term, but we still haven't crossed that line of no return so we are still technically in a macro uptrend. The daily indictors are looking a bit on the bearish side, but really it's looking more like consolidation. Many think the cycle is not over, but it's not looking great for the top crypto by marketcap. Maybe the tides will start to turn and we are starting to see some disconnect between Bitcoin and some of the high running altcoins, or other digital assets.

Hive

Not much happening with Hive other than some massive airdrops starting tomorrow. The price action hasn't moved quite like many of us thought. We are in the green as far as the candles are concerned but the volume is extremely low compared to what we were expected prior to the airdrops of LARNYX miners for the SPK Network and Ragnarok NFTs... But it is what it is I guess. It has been holding steady in the $1.60 range so that is still a great place in my book! We are in accumulation mode for sure when it comes to HIVE!

What's Trending

Here is where you can see that our token of the day, LUNA has broken into the Top 10 by marketcap and is only a smidge behind Polkadot.

Bitcoin Fear and Greed Index

Bitcoin markets are still fearful at the moment. Actually it is extremely fearful. Really the only people that are fearful that I talk to are the degens that are leverage trading. The rest of us that are focused on sound investments and the developers are still extremely bullish because we are here for the fundamentals, not the PUMPamentals.

Bitcoin Dominance

Another day, more choppy Bitcoin dominance, but still ranging in that 39% area. You can see this by the way the the other assets in the space are running. With all the development going on on all the other chains, there may be a day that Bitcoin is going to lose even more dominance in the markets. Yes, it's grandad, but the kids are doing allot of cool stuff and those boomer maxis can't see the forest for the trees. It works as digital gold, but there is so much more to it the whole space than just a payment rail and a store of value... Just saying we are building digital worlds here...

We aim to do this daily to help you gain a better understanding of the markets and how these crazy charts work!

All of the articles below can be found in our News Center on Coin Logic.

Not only do we use 4 of the top news sources in the space, but we also source our news and updates directly from the Hive blockchain community!

We pick our favorite couple of articles from the bunch to share with you and give you our summary and opinions.

Our primary news sources are:
AMB Crypto Bitcoin.com Bitcoin Magazine Decrypto.co Hive Blockchain:

  • leofinance.io

  • hivehustlers.io

  • coinlogic.finance community

Top Story From the Hive Blockchain

Web 3.0: Not Sexy Not Marketing But Revolutionary

Our Summary:

The term Web 3.0 has been thrown around allot in the recent times and many are beginning to wonder if it just a marketing buzz word or is there something behind it. With the likes of Jack, the Twat, Dorsey and Elon, I am going to turn you into a robot while I fly to Mars, Musk has come out recently and put out some harsh words about Web 3.0. That's because they are clueless to what's actually going on! Web 3.0 more than a buzz term, it's a revolution!

Check out this awesome post on Leofinance.io from one of our favorite Hive authors, @taskmaster4450!

Top Story from Bitcoin.com

Work X - Tokenizing Your Skills

https://news.bitcoin.com/work-x-tokenizing-your-skills/

Our Summary:

Some days there just isn't allot of actual news out there to report so today Bitcoin.com is bringing you a little expose on Work X which is trying to bring the tokenization of your skill sets to a blockchain digital identity. Being in control and having instant access to proof of your certificates, degrees, etc is going to be something that going to be pushed hard in the near future, and Work X is trying to jump in the game on the ground level!

Digital identities we feel are going to be the next big utility for blockchain and Web 3.0 wallet technology as we go even more and more into the digital space.

Top Story from Bitcoin Magazine

AS BITCOIN TURNS 13, THE NETWORK IS MORE SECURE THAN EVER

https://bitcoinmagazine.com/technical/at-13-the-bitcoin-network-is-more-secure-than-ever

Our Summary:

Here's a fascinating and reassuring stat from the mining industry, as it stand right now it would take more than two years for an attacker with 100% of the network hashrate to completely rewrite the Bitcoin ledger dating back to January 3rd, 2009 (Happy Genesis Block Day, freaks!)

This is a pretty amazing way to look at the Bitcoin network. Yes as we said in the analysis area that Bitcoin is boring, it is, but it is strong as hell! According to this article, it is dang near impossible at this point to take down the Bitcoin network. There is something to be said about a network that has just reached its 13th year. So if you have friends and family that still question that narrative, here is some proof that they can be sure that Bitcoin is here for the long haul and that the governments cannot touch it!

Nothing we say is financial advise. This is for educational and recreational purposes only! Stay safe in these volitile markets and don't get rekt!

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