Cryptocurrency

Terra continued to rocket towards the top 10 most valuable cryptocurrencies in the last 24 hours.

At the time of writing (7am UK), one LUNA token is worth $69.50 – up 11% in 24 hours and 57% in a week – with an overall valuation of $26.8 billion.

Terra 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.

Cardano (ADA) also enjoyed a profitable 24 hours, gaining 8% to $1.67. ADA is 2% up over seven days.

Solana (SOL) was the other major to climb significantly, rising 5% to $235. It is 16% up on its price last Friday.

Occupying 10th spot in the table, Dogecoin (DOGE) rose 2% for a market cap of almost $27.8bn. The meme coin is 3% down in a week but priced above 21 cents again.

SHIBA INU (SHIB), the Ethereum-based spinoff from Dogecoin, lost 3% and is slightly up over seven days.

Avalanche (AVAX) suffered a second consecutive day of heavy losses, dropping 6% to $109. Its seven-day price is down 6%.

Ethereum (ETH), the world’s second most valuable token, is up 1% to around $4,575. The smart contract blockchain platform is 4% up in a week.

Polkadot (DOT) gained 1% to $36, leaving it 7% down over seven days, while Ripple (XRP) also gained 1% to 98 cents and is 5% down in a week.

Binance Coin (BNB) remained steady around $620, which is also where it was a week ago.

Market leader Bitcoin (BTC) is up less than 1% to around $56,900 – down 1% over seven days.

The overall market cap of the more than 15,100 coins is at $2.62 trillion, up 0.8% in the last 24 hours.

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.