Terra (LUNA) price skyrockets to a new all-time high

Terra (LUNA) price skyrockets to a new all-time high
фото показано с : invezz.com

2021-3-10 22:24

Terra (LUNA) has surged to new all-time highs as its price passed the $10 mark. Is this the end of its bull run, or does LUNA have more space to go? And more importantly, should you consider investing in LUNA now?

Fundamental analysis: Terra’s price increases as a result of investor interest

Terra is a blockchain protocol that utilizes various fiat-pegged stablecoins to power its price-stable global payments systems. The project combines the price stability as well as wide adoption of fiat currencies with the censorship-resistance of the most well-known cryptocurrency, Bitcoin, all with the aim of offering fast and affordable settlements.

While its development began in January 2018, Terra’s mainnet officially launched in April 2019. Terra is power by its native token, LUNA. LUNA is used to stabilize the price of the stablecoins that Terra uses. LUNA holders are also eligible to submit and vote on governance proposals.

Terra has been gaining a lot of popularity lately, mostly because of people started to hear about the project and like it, rather than because of some sudden change. In fact, Terra hasn’t been changing much fundamentally lately. Various analysts have foreseen great price hights for LUNA, which happened today when the cryptocurrency passed the $10 mark. However, Terra is still considered a decent buy by many analysts and crypto enthusiasts.

LUNA posted week-over-week losses of 77.28%, outperforming both BTC‘s week-over-week gain of 12.82% and ETH‘s 20.97% gain by a large margin. Terra is currently the 19th-largest cryptocurrency by market cap, boasting a value of $4.56 billion.

At the time of writing, LUNA is trading for $11.42, which represents a price decrease of 168.06% when compared to the previous month’s value.

LUNA/USD technical analysis: LUNA fighting for the $11.459 pivot point

Terra has been in an uptrend ever since 28 February. The uptrend was strong, but healthy, as it had numerous pullbacks. However, its latest push towards the upside was far stronger and faster than its previous cycles, with its price jumping from $9.100 all the way to an all-time high of $12.187.

The most recent push came after LUNA found support in the upper parts of the zone between $8.855 and $9.100, which gave bulls a strong signal to buy. The price then skyrocketed, gaining 34% in a matter of hours.

LUNA is currently in consolidation mode, with its price dropping below the 23.6% Fib retracement level of $11.459.

LUNA/USD 4-hour chart

LUNA is currently trading just below the 23.6% Fib retracement level, with its volume seemingly declining. If this continues, the cryptocurrency won’t have enough strength to push above its immediate resistance, and will have to continue trading sideways or even drop in value. However, if a new influx of buyers hits the market, we could see LUNO pushing towards the $15 mark.

The post Terra (LUNA) price skyrockets to a new all-time high 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
Капитализация $10.124k Rank 2215
Доступно / Всего 1.706m LUNA

luna terra price all-time new high skyrockets

Источник: invezz.com

luna terra → Результатов: 14


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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