Terra is the #2 Coin to Watch for the Week of February 28 – March 06, 2022
After a rather chaotic Week 8 on cryptocurrency markets the total market capitalization lies at $1.75 trillion. On February 24, the crypto market moved in high correlation with the stock market as both reacted negatively to the news about Russia launching a ‘Special Military Operation’ in Ukraine. Bitcoin and the majority of other top cryptocurrencies lost more than 10% of their valuations that day. Nevertheless, most cryptocurrencies managed to rebound the next day, returning to their pre-war valuations. The world geopolitical situation is getting more heated each day which will inevitably have some monetary repercussions. Can cryptocurrencies actually benefit from this dire situation or will Week 9 be full of red numbers as investors move towards less riskier assets?