The price of LUNA moves on its own as the crypto market trends to the downside. Terra’s native cryptocurrency records a 6.4% profit in the last week, as BTC, ETH, and BNB, move sideways. Related Reading | Mars Protocol To Launch On Terra, But Why MARS Has Seen A Massive Dump At the time of…
The Rockaway Blockchain Fund (RBF) has published a bullish case on Terra (LUNA) and its growing ecosystem. This project has been gaining a lot of attention in the crypto space and its price reflects the hype with an 8,809% rally in the 1-year chart. At the time of writing, LUNA moves sideways in the lower…
Arcane Research recently published a crypto market update and explored the rise of layer 1 tokens over the past 30 days. The season of “ETH Killers” as the research firm and many others have called them. Although the second cryptocurrency by market cap was leading the crypto market up until a few weeks ago, its…
The Terra ecosystem keeps on expanding, increasing the total market cap of its native token LUNA. The cryptocurrency has managed to enter the top 10 digital assets by market cap replacing memecoins DOGE and Shiba Inu (SHIB). Related Reading | Terra’s UST Becomes First Decentralized Stablecoin To Surpass $10B Market Cap As of press time,…
As the crypto market sees some relief over the past week, the price of LUNA trends to the downside. The worst performer in the top 10 by market cap, the Terra native cryptocurrency appears at risk of further downside. Related Reading | What’s Behind LUNA’s Rally, Could Its Price Decouple From Bitcoin? At the time…
LUNA has been dropping sharply in the past few days, deeper than larger cryptocurrencies. As of press time, Terra’s native token moves on critical support barely above $50 with a 16.4% loss in the last 24 hours. Related Reading | Terra Announces Non-Profit ‘Luna Foundation Guard’ LUNA on a downtrend in the 4-hour chart. Source:…
Decentralized credit protocol Mars is set to launch today, March 7th, on the Terra ecosystem. One of the most hype projects in the crypto space, Mars will bring the financial services of a legacy financial institution without its tradeoffs. Related Reading | Terra (LUNA), Quant (QNT) Pull Up As Avalanche (AVAX) Nosedives In addition, users…
Panic struck the crypto market last week when Bitcoin broke below support, stablecoins unpegged from the dollar, and LUNA dropped to zero. The bloody aftermath has left cryptocurrencies as a whole more oversold than the Black Thursday COVID collapse. Here is a closer look at the historically oversold conditions in crypto. Total Crypto Market More…
LUNA continues to display strength as the crypto market trends to the downside. Despite the current short-term increase in selling pressure, this cryptocurrency managed to enter uncharted territory, and its price action hints at more upside. Related Reading | Inside Terra’s $2.38 Billion Reserves, What Made The Lineup? As seen in the chart below, LUNA has…
The collapse of the algorithmic stablecoin Terra and its ecosystem in May 2022 created a massive crisis in the crypto space. Coupled with the extreme crypto winter, the industry witnessed massive losses. As a result, billions of dollars were lost, and many investors lost faith in crypto. Gradually, the space is experiencing a revival as…