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Luna is now the 10th largest cryptocurrency, soaring past dogecoin, avalanche, and shiba inu
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Ueslei Marcelino/Reuters
Terraform Labs' luna has soared into the top 10 cryptocurrencies by market capitalization — beating out the popular dogecoin, avalanche, and shiba inu coin.
Even though the coin slumped about 6% Monday amid a broad crypto selloff, it still showed an approximate 25% gain in the last seven days — giving it a market cap of about $25 billion, according to CoinMarketCap data.
That valuation is still far off from the top cryptocurrency, bitcoin. Though it's sunk 30% from its November highs, the original digital token still has a valuation near $1 trillion.
Dogecoin and shiba inu, which have previously fought for spots in the top 10 cryptocurrencies, sat at No. 11 and 13, respectively, with «ethereum killer» avalanche at
Read more on markets.businessinsider.comAbout this in other media
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