The LUNA Is As Solid As A Moon Rock!

As we heard LUNA has an advantage over other leading cryptocurrencies in that it has greater resilience to market downturns than other cryptocurrencies. Here in this post we are comparing the days of LUNA performed better than other Cryptocurrencies (ETH, BTC, and SOL) and use data from that time period to evaluate this claim.

In this context, let’s consider ETH, BTC, and SOL as other cryptocurrencies, and we’ll compare them individually with LUNA over a specific time period.

According to the tweet below, LUNA is less susceptible to downturns in the market than other leading cryptocurrencies.

Compare The Days Percentage Change Of LUNA with Other Cryptocurrencies

The graph below shows us the days on which LUNA performed better than other cryptocurrencies, such as BTC, ETH, and SOL. In this example, On December 4,2021 the BTC percentage fall is -13.5% and the LUNA percentage change is -9.9%. Similarly, on February 24,2022 the BTC percentage fall is -5.9% and the LUNA percentage change is -1.8%.

For example, On December 4,2021 the ETH percentage fall is -11.1% and the LUNA percentage change is -9.9%. And on Jan 6,2022 , the ETH percentage fall is -9.6% and the LUNA percentage change is -8.5%. Similarly, on February 24,2022 the ETH percentage fall is -8.3% and the LUNA percentage change is -1.8%. As we are looking at only a few spikes and comparing them, we can see that Ethereum percentage change was greater than LUNA’s. Thus, we can agree that LUNA has better resistance to broader market downturns than other popular cryptocurrencies.

We can count the days on which LUNA performed better than SOL based on the following numbers: On Jan 24, 2022, the SOL percentage change was -11.0% and on the same day, the LUNA percentage change was -3.5%. On Feb 12, 22,24, and 25, the SOL percentage change was greater than the percentage change of LUNA. As a result, we can agree that LUNA is better able to withstand market downturns than SOLANA.

Compare The Price Change Of LUNA with Other Cryptocurrencies

We can compare LUNA’s price change with other cryptocurrencies from the graph below and find out whether the price change affected LUNA’s performance.

Consider first the LUNA vs BTC price change and then find out how LUNA performed in comparison with this case. We can see that LUNA performed poorly is less than LUNA performed well. Therefore, we are able to conclude that LUNA has performed well, when we compare the changes in price of these 2 coins LUNA and BTC.

Similarly if we consider the LUNA vs ETH price change and then find out how LUNA performed in comparison with this case. We can see that LUNA performed poorly is less than LUNA performed well. Therefore, we are able to conclude that LUNA has performed well, when we compare the changes in price of these two coins LUNA and ETH.

From the below graph we can see that LUNA performed poorly is less than LUNA performed well. Therefore, we are able to conclude that LUNA has performed well, when we compare the changes in price of these two coins LUNA and SOL.

Based on the above analysis, I have determined that:

By looking at the days percentage change of LUNA against other cryptocurrency and also considering the performance comparison of LUNA against other price changes of cryptocurrencies, one can conclude that LUNA is able to withstand market downturns better than other cryptocurrencies (ETH, BTC, and SOL).

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