Terra (LUNA) Showcases Strong Rally as Price Surges 15% in Last 24 Hours
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- Bitcoin (BTC) has risen over $39,000, returning to levels seen before the war.
- A whopping 902 percent of its value has increased in the past year alone.
Today’s crypto markets are in the green, recoup some of the losses they suffered during the Russian invasion of Ukraine yesterday. Terra’s LUNA token, however, is the primary winner right now. For the first time since last Wednesday, Bitcoin (BTC) has risen over $39,000, returning to levels seen before the commencement of the dispute. The second-largest coin, Ethereum (ETH), is up 4.5 percent in the last 24 hours and trading at $2780 at this moment; nevertheless, it is still down 5.5 percent from the previous week’s highs.
LUNA Gained 33.2% in the Last 7 Days
Terra’s LUNA token is the most valuable among the top 10 cryptocurrencies. LUNA has gained 33.2% this week, trading over $75 at the time of this writing. A steady breeze has always propelled LUNA at its back. A whopping 902 percent of its value has increased in the past year alone.
Investors who purchased bitcoin a year ago are down 20.5%, while those who recently acquired it are up 67.5 percent. Terra, the company behind the LUNA cryptocurrency, has recently had some success. As recently as two months ago, Terra’s UST stablecoin was listed on several prominent exchanges, which boosted the value of the LUNA token.
In addition, the LUNA ecosystem is seeing a resurgence of activity. As of the time of publication, the ecosystem’s total value locked (TVL) was at $18.6 billion, according to statistics from DeFiLlama. On the 27th of December, TVL hit an all-time high of slightly over $21 billion. According to CoinMarketCap, the Terra price today is $75.04 USD with a 24-hour trading volume of $3,728,559,814 USD. Terra has been up 15.60% in the last 24 hours.
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