After 375% hike, here's where LUNA stands against its fellow alts

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It’s true that the cryptocurrency market is an unpredictable space. When altcoins such as LUNA ^[1], barely 2 years old, perform better than 4 to 7-year-old coins, it simply underlines the aforementioned aspect about the markets. In fact, many of these altcoins have risen exponentially, rather than gradually.

LUNA beats ETC and BCH

LUNA is one such crypto. In the last one month alone, LUNA rose by 375%, up from $5.8 to trade at $27.8 at press time. Since its launch, the altcoin has gained by a solid 2,167%

LUNA rallies by 375% | Source: TradingView – AMBCrypto ^[2]

Interestingly, in comparison, Ethereum Classic and Bitcoin Cash have not been keeping up with the alt’s market. Their rallies are yet to cover the losses noted over the last 2 months. While BCH gained by only 71%^[3], ETC was up by 73%^[4].

Metrics tell the same story

The Sharpe Ratio underlines the degree of strong returns for an asset based on market movement. Right now, LUNA is soaring, with the indicator touching 10.0 today.

ETC and BCH have been lagging behind, at 6 and 8, respectively, however.

Secondly, LUNA’s circulating market cap ^[5] is also higher than BCH and barely $1 billion behind ETC.

LUNA’s Sharpe Ratio | Source: Messari – AMBCrypto ^[6]

Furthermore,

After 375% hike, here's where LUNA stands against its fellow alts

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