Terra’s LUNA has been the best performing altcoin for the past few years while the activities of its network have been effective. The co-founder of Terra has actively been posting a couple of updates earlier this month regarding BTC reserves. Following this, Terra purchased about $125 million worth of Bitcoins
Luna Foundation Guard (LFG) in Singapore has already collected $2.2 billion. Selling UST in exchange for Tether brought in $1.2 billion. On Tuesday, Terra founder Do Kwon tweeted that UST’s bitcoin holdings will be increased to $10 billion. The Luna Foundation Guard has now collected $2.2 billion and is on
Terra is experiencing a bullish rally for the past few days and continues the upward momentum. It has already surpassed the performance of Cardano and Solana while capturing the 7th rank by market capitalization. The value of the native token LUNA has surged from $24 to nearly $100 within the
Some Terra supporters think it will soon overtake ETH in the DeFi finance sector. On Monday, the 14th, the debate reached epic proportions. There has been a mixed response for the Terra ecosystem (LUNA) since the recent growth of the stablecoin algorithm connected to the UST dollar and the appreciation
The burn will enable the LFG to mint around 372 million in UST. Earlier in February 2022, the LFG raised $1 billion. The Luna Foundation Guard, situated in Singapore, continues to carry out its mission of assisting in developing the Terra blockchain ecosystem. The non-profit organization has now voted in
Terra has been up 3.57% in the last 24 hours. Terra has risen to the second position, surpassing Ethereum in the rankings. Due to a recent price increase, LUNA tokens have overtaken Ethereum as the second most heavily staked main digital currency in TVL. Terra’s LUNA presently has over $29
The growth of the crypto market has seen a lot of new feature implementations and developments from each ecosystem. According to CoinMarketCap, the market capitalization of the crypto space is $1.7 trillion, and over 18,142 cryptocurrencies have been added. Every day, the platform witnesses the rise of new altcoins, and
An impressively long green candle on February 28 lifted LUNA over $90. LUNA’s volatility has decreased by 55.5 percent in the last 24 hours. On Wednesday morning, Terra’s LUNA token reached a new all-time high of $104.58, surpassing the previous record of $103.34 set in December. Compared to other large-cap
Terra’s TVL has also surpassed the Binance Smart Chain’s $12.02 Billion TVL. LUNA is now offering the best staking incentives, with a 6.13 percent rate of return. It has been a busy 24 hours for Terra’s digital asset (LUNA), which has risen by around 25% in that time frame. Due
Terra’s second lock drop event was also launched. Mars Protocol contributed to the rise in demand for LUNA tokens. Investors in the Cosmos (ATOM), Fantom (FTM), and NEAR have recently turned their focus to a layer-one (L1) ecosystem in search of fresh investment possibilities. Much of the L1 market had
