Prices have risen by roughly 10% during the last 24 hours.
Terra’s LUNA coins increased 10% in the last 24 hours to new all-time highs of around $105.91, according to data.
LUNA has surpassed a previous high of $104.74 set earlier this month, according to price data.
LUNA is one of the Terra network’s two native tokens. Terra is a platform that enables developers to construct custom blockchains and decentralised applications on top of Terra for a variety of use cases.
The Luna Foundation Guard (LFG), a Singapore-based foundation that is purchasing over $3 billion in bitcoin as an additional layer of security for UST, Terra’s decentralised dollar-pegged stablecoin, has boosted sentiment for LUNA in the last month.
LFG’s thirst for bitcoin has resulted in a recent comeback. Yesterday, Bitcoin surpassed the $47,000 mark, the highest level since the start of the year.
According to data, LUNA has increased by around 86,215.7 percent from its all-time low of $0.121798 in March 2020, making it one of the best-performing tokens over the last two years. LUNA currently has a market valuation of $37 billion, ranking it eighth among all cryptocurrencies.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.
