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New Highs For Terras’s LUNA of Nearly $106

In the last 24 hours, prices have risen by nearly 10%...
Photo by Milad Fakurian

Terra’s LUNA tokens increased 10% in the last 24 hours to reach new highs of more than $105.91, Data show.

Price-charts show that LUNA has surpassed a prior high of $104.74 earlier in the month.

LUNA is one the two native tokens in Terra’s Terra network. This framework allows developers to create custom blockchains on Terra and build decentralized applications for different use cases.

The Luna Foundation Guard (LFG) is a Singapore-based non-profit that has purchased over $3 billion of bitcoin to increase sentiment for LUNA. This is in addition to Terra’s decentralized dollar pegged stablecoin, UST.

LFG’s demand has seen bitcoin prices rise in the last week. Yesterday, bitcoin surpassed the $47,000 mark, which is the highest level in Bitcoin’s history.

Data shows that LUNA has risen by 86,215.7% since its March 2020 low of $0.121798, making it one the most successful tokens over the past two year. LUNA is ranked eighth among cryptos with a market capitalization in excess of $37 billion as of the time of writing.

Elena Argyros

Elena Argyros

Elena is cryptocurrency writer / journalist based in Europe. She has extensive knowledge in the crypto space and is a solidity programmer by trade. Elena has built an extensive resume working with some of the most ground breaking blockchain firms. Being in Europe, Elena has amassed a large network of professionals in the space and states "The technology behind blockchain is going to impact everyone on earth in a good way, once you get to understand it".
Elena Argyros

Elena Argyros

Elena is cryptocurrency writer / journalist based in Europe. She has extensive knowledge in the crypto space and is a solidity programmer by trade. Elena has built an extensive resume working with some of the most ground breaking blockchain firms. Being in Europe, Elena has amassed a large network of professionals in the space and states "The technology behind blockchain is going to impact everyone on earth in a good way, once you get to understand it".

© 2022 The Daily Encrypt. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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