Terra (LUNA) Leads Today's Surge in Large-Cap Cryptocurrencies (January 13, 2022)

Investors are taking advantage of the plummeting prices of cryptocurrencies to buy large-cap cryptocurrencies at a discount. According to Coinbase, large-cap cryptocurrencies are showing gains, led by Terra.

The cryptocurrency with the code LUNA saw its price increase by 11.48% to Rp 1.18 million per coin on Thursday, January 13, 2022, at 7:43 WIB.

The next highest increase among large-cap cryptocurrencies was Cardano (ADA), at 10.25% in 24 hours. This was followed by Solana (SOL) at 7.91%, Polkadot (DOT) at 7.57%, and Avalanche (AVAX) at 6.68%.

Binance Coin (BNB) also saw a price increase of 5.39% to Rp 6.97 million per coin today. Following this were Dogecoin (DOGE) at 5.23%, Ethereum at 4.13%, and XRP and Bitcoin (BTC) at 3.76% and 2.85% respectively. All ten cryptocurrencies have a market capitalization exceeding Rp 300 trillion.

In recent days, investors have begun buying into their cryptocurrency portfolios after prices fell following the release of the Federal Reserve's (The Fed, the US central bank) Board of Governors meeting. Previously, the Fed's signals of a faster monetary tightening policy were met with negative responses in the digital currency market.