new terra(LUNA) in the past 24 hours CoinGecko According to the data of the article, it has attracted all the attention with an increase of 230 percent as of the time of writing. Why is New Terra on the rise?
Terra (LUNA) rose 37.7 percent in the last hour as of writing.
New Terra (LUNA) Continues to Rise
Terra (LUNA) suffered a serious crash after its stablecoin, UST, lost its stability. LUNC dropped from $120 to as low as $0.000000999967. Afterwards, the Terra team forked the system and created two different cryptocurrencies, Terra and Terra Classic. These were also called LUNA and LUNC.
From these assets, LUNA continues its rise without slowing down. LUNA, which showed a very serious rise without being affected by the decreases in the market, attracted attention.
LUNA’s 4-hour chartWhen we look at the 4-hour chart of Terra (LUNA), we see a serious rise. We can say that the volume of the crypto money market again exceeding 1 trillion dollars played a role in this rise. Bitcoin also reached a market capitalization of over $ 400 billion again. When we look at Terra’s (LUNA) chart, we see a very serious money inflow in the volume part. It can be said that the increased interest of investors in LUNA and subsequent purchases played a role in the rise.
You can follow the instant price of the new Terra here:
