December Has Not Been Kind to Crypto
December has been a disappointing month for crypto as macro uncertainty brews. Prices of large-cap crypto assets moved sideways to start the month before taking another turn lower yesterday.
Despite the uncertainty, LUNA is an outlier as it’s the only one that performed positively since the start of December; LUNA has been burnt every day since the start of December driven by increased UST minting.
These upcoming launches of Astroport and Mars Protocol have also likely contributed to LUNA’s recent outperformance. Note: Astroport’s Lockdrop started today and already has ~$80M in liquidity added.