MAR 14, 2022 • 5 Min Read
[Excerpt from our Mar. 10 Market Insights]
In last week’s Market Insights, we highlighted two names that were showing decent relative strength in the face of dire market conditions: LUNA and AVAX. As always, we note that, due to the violent nature of this market, don’t be tempted to chase; oftentimes it pays to be patient in markets like this (even when inaction is the hardest thing to do).
LUNA has been on an absolute rampage over the last two weeks, printing a fresh all-time high as markets continue their moves lower. At the time of this writing, LUNA is once again flirting with a triple-digit price tag after doubling from $50 to $100 in less than three weeks.
From last week: “Should the market pull back from here, look for LUNA to put in a higher lower around the $65-$75 area, denoted below.”
This bid zone has done its job and proved to be fruitful. It acted as support around the $75 area and has since yielded a ~30% return.
[Excerpt from our February Chartbook]
StarkNet Roundup #8✨🐺
Every week, I summarize all notable events surrounding the StarkNet protocol and ecosystem.
Here’s your 8th weekly roundup! This one is PACKED with updates. 🔥
Subscribe to get it delivered into your inbox every single week. 🪄
— Swagtimus.eth🦇🔊L2’22 (@Swagtimus) March 14, 2022
EU Parliament Voted Against POW Ban
BREAKING: The ECON committee of the EU Parliament just voted against the de-facto POW-ban: 32 against, 24 in favor.
Big relief & political success for the bitcoin & crypto community in the EU💪💪
Will share a breakdown of the vote and what’s next here in this thread. #Bitcoin
— Patrick Hansen (@paddi_hansen) March 14, 2022
StarkEx Passes Ethereum on Weekly Txs
1st TIME: StarkEx HAS MORE TXS THAN @ethereum! Weekly count: 11.6M vs. 8.5M.
Roughly 33% more on StarkEx!
STARK-SCALING IS NOW.
— Eli Ben-Sasson ✨🐺 | ZK-STARK Maximalist (@EliBenSasson) March 13, 2022