Why Luna, Arweave, and Polygon All Plunged Today, but Gala Rose

The cryptocurrency market has gotten hammered over the last few days and Monday's price action isn't any better. Major cryptocurrencies like Bitcoin and Ethereum are down over 6% in the last 24 hours and many altcoins have done even worse. 

Terra's Luna (CRYPTO: LUNA) coin lost as much as 10% of its value against the U.S. dollar in the last day as of 12:30 p.m. ET. Arweave (CRYPTO: AR) fell as much as 10.9%, and Polygon (CRYPTO: MATIC) dropped 17.9%. The cryptocurrencies are currently down 9.8%, 10.4%, and 15.7%, respectively, in the last 24 hours. The one bright spot was Gala (CRYPTO: GALA), which rose as much as 22.8% and is now up 6.5% for the day. 

Image source: Getty Images.

Continue reading

Source Fool.com