Latest News

LUNA Hits New All Time High, Gain 2700% Since May’s Crash

While the entire crypto market is still struggling with the bearish trends from last week, LUNA, the native cryptocurrency of the Terra ecosystem. Of course, it is on a bull run, currently one of the best-performing assets in the market.

Furthermore, As per data by CoinGecko, LUNA records over 50% within the last seven days. This of course, is despite the weekend crash, Luna hits a new all-time high (ATH) of $77.7.

More so, LUNA’s bullish trend within the past few weeks is surprising as it’s one of the worst-hit cryptocurrencies during the massive May sell-off.

Notably, LUNA goes way down after the May 2021 crash, as price slashes off 81%.

Notwithstanding, the coins makes a massive turnaround, recording highs after highs. Of course, even outperforming the second-largest cryptocurrency, ETH, by 10x.

Notably, Since May, LUNA records a 2700% increase in value, while ETH has only 270% increase since the crash.

Also, it surpasses some of the trending coins in the market like DOGE and Shiba Inu.

Currently, LUNA is the 10th largest cryptocurrency, at around $67 price with a market cap of $26.56 billion.

Lastly, according to recent tweet by Wu Blockchain, Terra’s TVL recently hits $13.9 billion, a weekly growth of 43%.

Galaxy Interactive Rises Additional $325M Fund For Metaverse and Next Gen…>>

Related Posts – Bank DBS’s Crypto Business Grows Massively Due To Growing Demand From Investors

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.