Why is Terra going up: LUNA hits a new all-time high past $105

Why is Terra going up: LUNA hits a new all-time high past $105
фото показано с : invezz.com

2022-3-30 15:40

Terra (LUNA/USD) has been performing quite well over the past few months. LUNA has been among the best gainers in the market, and it has largely remained unaffected despite the recession witnessed in the crypto space during the first quarter of 2022.

LUNA has now broken to a new all-time high. At the time of writing, LUNA was trading at $102.70, according to CoinGecko. in the early trading hours of March 29, LUNA had created a new all-time high at $105.91.

LUNA’s bullish sentiment grows stronger

LUNA has created a bullish sentiment in recent weeks since the founder of Terra, Do Kwon, announced a Bitcoin reserve plan. The price of LUNA has gained by 9.6% during the past 24 hours. This comes as the demand for LUNA continues to soar.

LUNA has been among the top-performing tokens for the past two years since March 2020. The token price is expected to continue with the bearish trend, given that both the market and buyer support are at par.

Now that the price of LUNA has overcome the resistance levels below $100, analysts believe that the buying pressure could push the price towards the next level of $122. With the positive sentiment surrounding LUNA growing, most traders are expected to go long on the token, and the token could explode with more double-digit gains.

Terra’s Bitcoin reserves

The Terra network is boosting the stability of its native stablecoin, UST. This stablecoin was originally backed by LUNA tokens, but this is now changing with the plans of the Terra Foundation to stabilize the price of UST using Bitcoin reserves.

The LUNA Foundation Guard (LFG) has plans to buy more than $3 billion worth of Bitcoin to boost the security of the UST stablecoin. The foundation has already commenced the purchase process for BTC.

The LFG wallet now holds $1.1 billion worth of Bitcoin. Do Kwon has confirmed that additional purchases will be made until the target is achieved. Following this announcement, the price of Bitcoin has been rallying, creating support for the entire market. Bitcoin’s price is now past the critical resistance level of $1.1 billion.

The post Why is Terra going up: LUNA hits a new all-time high past $105 appeared first on Invezz.

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Luna Coin (LUNA) на Currencies.ru

$ 0.0059327 (+16.14%)
Объем 24H $285
Изменеия 24h: 11.57 %, 7d: 6.72 %
Cегодня L: $0.0059327 - H: $0.0059327
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Доступно / Всего 1.706m LUNA

luna terra past unaffected despite market largely

Источник: invezz.com

luna terra → Результатов: 126


Terra (LUNA) Price Prediction 2024 – 2025 -2030 | LUNA Price Forecast

What is Terra? Terra is the new LUNA 2.0 launched by the Terra founder Do Kwon. After an incredible demise and unprecedented crash of the original Terra Luna project that went from a $60 billion protocol to almost zero, Kwonman (popular name for this conman) decided to do another round of plundering crypto noobs by […] The post Terra (LUNA) Price Prediction 2024 – 2025 -2030 | LUNA Price Forecast appeared first on CaptainAltcoin.

2023-12-25 23:50


Terra (LUNA) Price Prediction 2023 – 2025 -2030 | LUNA Price Forecast

What is Terra? Terra is the new LUNA 2.0 launched by the Terra founder Do Kwon. After an incredible demise and unprecedented crash of the original Terra Luna project that went from a $60 billion protocol to almost zero, Kwonman (popular name for this conman) decided to do another round of plundering crypto noobs by […] The post Terra (LUNA) Price Prediction 2023 – 2025 -2030 | LUNA Price Forecast appeared first on CaptainAltcoin.

2022-12-22 11:58


Цена токена LUNA подскочила на 200%

Токен LUNA новой сети Terra 2. 0 резко вырос в цене, показав прирост на 127% в течение часа: с $2 до $4,55. Криптовалюта обновила максимум с 8 июня. Монета была выпущена в конце мая взамен оригинальной криптовалюты Terra (LUNA), которая была переименована в Terra Classic (LUNC).

2022-9-10 18:05


Terra Classic (LUNC) vs. Luna 2.0 (LUNA)

A  few weeks ago, Terra (UST-USD), the third-largest stablecoin in the crypto market, was delisted from the US dollar and crashed along with its reserve asset, Luna (LUNA1-USD). This is after experiencing a massive sell-off of over 99% of its value, resulting in Investors losing all their funds and life savings as in the case […] The post Terra Classic (LUNC) vs. Luna 2.0 (LUNA) appeared first on NullTX.

2022-6-1 23:09


Фото:

План по восстановлению Luna столкнется с трудностями: отчет Huobi

После отвязки Luna и краха стейблкоина UST на прошлой неделе соучредитель Terra До Квон представил предложение с его видением «пути вперед» - плана по возрождения блокчейна Terra. Предложение предусматривает форкинг цепи Terra в новую цепь без алгоритмического стейблкоина, при этом старая цепь будет называться Terra Classic (токен Luna Classic - LUNC), а новая цепь Terra (токен Luna - LUNA).

2022-5-27 16:28


Фото:

Terra (LUNA) could have hit bottom: you can buy $LUNA token here

Most crypto investors are optimistic that Terra’s woes are almost coming to an end and that its coin the Terra (LUNA) is poised for recovery in the coming days. The rate at which LUNA was losing its value has reduced from losing over 100% per day to only about 40% per day; a sign that […] The post Terra (LUNA) could have hit bottom: you can buy $LUNA token here appeared first on Invezz.

2022-5-16 19:09


Цена Terra LUNA обновила исторический максимум благодаря инвестициям в биткоин

Монета Terra (LUNA) достигла нового исторического максимума после того, как выросла более чем на 140% по сравнению с минимумом 2022 года. Что происходит? Рост LUNA связан с беспрецедентными инвестициями компании-разработчика криптовалюты в биткоин.

2022-3-30 18:11


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