Positive buzz on Layer-1 networks pushes Terra (LUNA) to all-time highs – can it hold the momentum?

Positive buzz on Layer-1 networks pushes Terra (LUNA) to all-time highs – can it hold the momentum?
фото показано с : coinjournal.net

2021-12-27 23:40

Terra (LUNA) has reached all-time highs in intraday trading today. The coin went above the $100 mark for the first time. It has however retreated slightly below that but is still nearly 3% up for the day. The rally was largely triggered by increasing positive buzz around layer 1 blockchains. Other similar networks like Solana (SOL) and Avalanche (AVAX) also rallied. Here is what we know so far:

At the time of writing, Terra (LUNA) was trading at around $99.30, but it had surged above $100 in intraday trading.

The bullish price action was also seen in other similar Layer-1 chains, including Solana and Avalanche (AVAX).

The rally is likely to hold as investors continue to bet big on Layer-1 blockchains.

Data Source: Tradingview.com

Terra (LUNA) – price action and analysis

It seems like a very long term ago when Terra (LUNA) was trading slightly above its $54 support. This was even after the coin had rallied nearly 25%. But that was merely a week ago, and it shows you just how fast things can change in crypto. 

Over the past few days, LUNA has been gaining upward momentum. But not even the most optimistic analysts saw the coin surging towards its all-time highs before the end of the year. It is indeed a Christmas surprise, and we expect this bullish upturn to hold for longer.

Should you buy Terra (LUNA)

Terra (LUNA) has always been a good investment based on its underlying fundamentals. The chain has seen explosive growth this year too. However, it is the growing interest in Layer-1 blockchains that makes LUNA such a promising project. 

In fact, the recent surge to all-time highs was inspired by the positive buzz around Layer-1 solutions. Although the chain faces competition from major players in this space like Solana (SOL), it still offers the promise of excellent returns in the long run. You should therefore consider buying it.

The post Positive buzz on Layer-1 networks pushes Terra (LUNA) to all-time highs – can it hold the momentum? appeared first on Coin Journal.

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Luna Coin (LUNA) на Currencies.ru

$ 0.0059327 (+16.14%)
Объем 24H $285
Изменеия 24h: 11.57 %, 7d: 6.72 %
Cегодня L: $0.0059327 - H: $0.0059327
Капитализация $10.124k Rank 2215
Доступно / Всего 1.706m LUNA

terra luna all-time highs hold coin positive

Источник: coinjournal.net

terra luna → Результатов: 119


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Полного возрождения блокчейна Terra (LUNA) и стейблкоина UST ждут уже не все. Несмотря на то, что До Квон, основатель Terraform Lab, которая стоит за криптовалютой Terra (LUNA) и стейблкоином UST, испытывая большое сожаление за то, что происходит с этими цифровыми активами, разрабатывает планы по их возрождению.

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Блокчейн Terra (LUNA) был вновь запущен, но не слишком ли поздно?

Криптовалюта Terra (LUNA) была фактически снята с листинга в криптобиржах Bybit, Binance и eToro. Блокчейн Terra (LUNA) вновь запущен, но его стабильная работа находится под вопросом. Напомним, что ситуация с Terra (LUNA) привела к тому, что криптовалюта сильно подешевела, а перед остановкой блокчейна упала до 0,01 доллара.

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Terra Luna has been performing exceptionally well today, rising from a low of $84 and peaking at $104. Is this the beginning of a bull market for Terra? Let’s look at what Terra Luna is precisely and why the price is rising so much? What Is Terra Luna? The Terra protocol is a leading open-source, […] The post Terra Luna Price Hits New All-time High of $104, Why Is the Price Rising? appeared first on NullTX.

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