THE DAILY ENCRYPT

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Elena Argyros

Elena is cryptocurrency writer / journalist based in Europe. She has extensive knowledge in the crypto space and is a solidity programmer by trade. Elena has built an extensive resume working with some of the most ground breaking blockchain firms. Being in Europe, Elena has amassed a large network of professionals in the space and states "The technology behind blockchain is going to impact everyone on earth in a good way, once you get to understand it".

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Bitcoin Dominates Markets by 43% After LUNA Meltdown

The Terra LUNA/UST collapse has seen digital currency markets drop in value. On May 22, the crypto economy fell 6.93% to $1.356 trillion, and today it is $1.262 trillion. Despite all the market chaos, bitcoin’s market dominance increased to 43.8%, making it the most valuable cryptocurrency since October 30, 2021. Moreover, ethereum has lost its market dominance from 19.56% in April 16 to 17.