Following a strong start to the year, the price of Terra’s (LUNA) has plummeted, plummeting from as high as $96 to less than a cent in the previous month.
In fact, during the month of April, the price of LUNA reached an all-time high of $119 before losing nearly all of that value in the weeks that followed.
Following several days of showing little to no effort in its performance in the aftermath of the price fall, LUNA is now suffering sporadic price volatility. According to CoinMarketCap, LUNA is currently trading at $0.0001922, up 14.94 percent in the past 24 hours.
The DeFi asset’s entire market capitalization is $1,255 billion, comfortably more than a billion after temporarily slipping below this value.
Despite the fact that Luna’s price is still a fraction of what it was a month ago, any upward trend is a critical component, since many followers expect a comeback.
LUNA’s most recent price action, on the other hand, has elicited a wide range of reactions. Some market experts and participants believe that the LUNA crash was unlike any other that the market has seen before.
They believe that any subsequent action should be subjected to a thorough study based on facts and figures.
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