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LUNA 2.0 Token Jumps 200% Larger Towards the US Greenback in 24 Hours – Market Updates Bitcoin Information

Whereas digital currencies jumped in worth in the course of the early morning buying and selling periods on Friday (ET), the brand new Terra token, LUNA 2.0, jumped greater than 200% in worth towards the U.S. greenback. LUNA jumped from a low of $1.90 per unit to a excessive of $6.87, however the token’s worth has slipped to the $5.41 per unit vary following the excessive.

Terra’s Phoenix Blockchain Token LUNA Rallies by 200%

  • Bitcoin managed to leap 9.4% greater immediately, rallying above the $21K zone whereas ethereum elevated 4.9%, surpassing the $1,700 per unit vary. Amid these jumps, Terra’s LUNA, the brand new luna token issued by the Phoenix blockchain, elevated greater than 200% on Friday towards the USD.
  • Presently, LUNA is up 175.2% after dropping from the 24-hour excessive on Friday. 14-day stats point out LUNA has elevated 224.1% towards the greenback and the coin has an general market valuation of round $978 million.
  • Because the spike LUNA has seen $2.55 billion in world commerce quantity on Friday because it’s the seventh largest quantity out of all of the cash in existence immediately. Luna traditional (LUNC) is the sixth largest token by way of 24-hour commerce quantity as LUNC has printed $2.81 billion in world trades.
LUNA 2.0 Token Jumps 200% Higher Against the US Dollar in 24 Hours
LUNA/USDT on September 9, 2022.
  • LUNC is up 69.5% over the past seven days, nevertheless it misplaced 13.6% in the course of the previous 24 hours. The once-stable coin UST (now often called USTC) is near a U.S. nickel in worth at $0.047 and has elevated by 4% towards the greenback on Friday.
  • USTC jumped 27.3% over the past seven days and two-week statistics present USTC is up 55.9%. Terra’s former stablecoin has a $461.67 million market cap and $211.24 million in world commerce quantity immediately.
  • 57% of LUNA trades immediately had been swapped with tether (USDT) which was adopted by BUSD with 32% of all LUNA swaps. The Turkish lira (TRY) has 7.15% of all LUNA trades immediately which is adopted by USDC’s 2.27%.
  • The U.S. greenback represents 0.83% of all the worldwide LUNA swaps on Friday adopted by EUR, ETH, and USDD.
  • Terra 2.0’s decentralized finance (defi) whole worth locked additionally doubled in measurement on Friday leaping from $24.72 million to $51.48 million. Riskharbor and Astroport are Terra’s largest defi purposes by way of TVL.
  • Riskharbor at the moment instructions $33.59 million in worth whereas Astroport captures $16.7 million. The Terra defi utility Stader at the moment has $2.61 million locked, in response to defillama.com metrics on Friday.
Tags on this story
200, Bitcoin, Crypto, Ethereum, LUNA, Luna 2.0, LUNC, Market Update, Markets, Percentage Gains, Terra, Terra 2.0, Tether, trading, USD, USDT, UST, USTC

What do you consider Terra’s LUNA 2.0 leaping greater than 200% in worth on Friday? Tell us what you consider this topic within the feedback part beneath.

Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist dwelling in Florida. Redman has been an energetic member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized purposes. Since September 2015, Redman has written greater than 6,000 articles for Bitcoin.com Information in regards to the disruptive protocols rising immediately.

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