BTC $43717.14 (4.01%)
ETH $3077.62 (7.55%)
USDT $1.00 (0.03%)
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BTC $43717.14 (4.01%)
ETH $3077.62 (7.55%)
USDT $1.00 (0.03%)
BCH $544.37 (5.20%)
BSV $146.33 (0.06%)
LTC $160.68 (5.77%)
BNB $377.10 (6.72%)
ADA $2.24 (10.0%)
DOGE $0.22 (9.32%)

Terra (LUNA) Price Crawls Up Over 25% in a Day

Terra (LUNA) Price Crawls Up Over 25% in a Day
  • Terra (LUNA) is one of the biggest movers in the world of crypto.
  • LUNA has surged over 25% over the past 24-hours.
  • LUNA holds 11th position on CoinMarketCap.

Terra (LUNA) is one of the biggest movers in the world of crypto. Presently, the LUNA has surged over 25% over the past 24-hours, also making Terra one of the biggest gainers of the day, and crypto investors also watching closely. Moreover, investors wonder about analysts’ views on Terra.

LUNA holds 11th position on CoinMarketCap. Currently, the LUNA price is trading at $39.91 with a 24-hour trading volume of $4,977,946,386, at the press time.

LUNA/USDT Price Chart (Source: TradingView)

The above chart shows the bullish performance of LUNA. If this bullish trend continues the price of LUNA can reach new heights soon. Added to this, the Relative Strength Index indicates LUNA is in an overbought state. This shows the price reversal of LUNA can happen at any time.

In addition, there are many things going around on Terra. More so, Terra undertakes a massive Columbus 5 upgrade. With all, like other digital assets, Terra looks to get better, faster. Furthermore, these upgrades will enable simplified token swapping which is the main use of the ecosystem.

Added to this, the update will also allow for token burning. This makes each LUNA token more valuable. Furthermore, these hard fork upgrades are watched closely by digital asset investors currently. These upgrades have the potential to drive real value in the near future.

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Crypto trading has enticed Ananthi Reeta to write for CoinQuora. She consistently contributes news and feature articles. She has covered several different blockchain and crypto niches, especially altcoins.