Cryptocurrency

A dramatic drop for SHIBA INU saw it passed in the cryptocurrency valuation table by rocketing Terra (LUNA).

The Ethereum-based spinoff from Dogecoin followed a 4% loss in the previous 24-hour period with a further 7% drop. However it is 7% up over seven days.

Terra (LUNA) has been boosted because it is working on a tax and reporting application which would allow transactions to be exported to popular fiat-focused software. This comes against a backdrop of reports that governments are seeking to establish rules which will require that cryptocurrency income be included in tax assessments.

At the time of writing (7am UK), one LUNA token is worth $62.41 – up 10% in 24 hours and 56% in a week – with an overall valuation of $24.2 billion, $700m more than SHIB.

DOGE itself remains ahead of both coins and Avalanche despite a 4% fall in the last 24 hours. The meme coin is 5% down in a week and now priced below 21 cents.

Avalanche (AVAX) is at $116 following a 7% loss which wiped out its gain in the previous 24-hour period. Its seven-day price is down 5% and its valuation is $26bn, $1.2bn behind DOGE.

Ethereum (ETH), the world’s second most valuable token, also dropped 5% to just above $4,500. The smart contract blockchain platform is 6% up in a week.

Polkadot (DOT) lost 6% to $35.50, leaving it 8% down over seven days, while Cardano (ADA) fell 3% to $1.54 and is 7% down in a week.

Ripple (XRP) is at 97 cents following a 3% drop – 6% down over seven days – while Binance Coin (BNB) lost 2% to $619, which leaves it up 3% on its price last Thursday.

Market leader Bitcoin (BTC) is down less than 1% to just above $56,550 – down 1% over seven days – while Solana (SOL) bucked the trend to climb 2% to $223 and is 8% up over seven days.

To see how the valuations of the biggest movers and shakers – and main coins – have changed over the last few days, click here.

For valuations of the top 250 coins by market cap (updated every 15 minutes), their market cap plus 24-hour price change and volume traded, see below.