• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Terra (LUNA) Nears ATH Summit After Creating $ one Billion Fund to Buy Bitcoin

191
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

May 20, 2024
Avalanche (AVAX) price is among the few altcoins that have dropped sharply

Avalanche (AVAX) price tag is amid the couple of altcoins that have dropped sharply – Bitcoin News 2024

April 16, 2024

Since breaking away from the record higher, the cost of Earth (LUNA) has had powerful recovery momentum peaking on the morning of March 1st.

Terra (LUNA) Nears ATH Summit After Creating $ one Billion Fund to Buy Bitcoin

Along with the powerful recovery of the cryptocurrency industry in the previous 24 hrs, led by Bitcoin (BTC), the Terra LUNA blockchain venture also recorded an boost of extra than twenty% to attain the cost of 95.38 USD, the highest threshold from then December 27, 2021.

On the identical day, the cost of LUNA broke its all-time higher at $ 103.60, which implies the altcoin is near to breaking its record.

1D chart of the LUNA / USDT pair on Binance at 08:50 am on 01/03/2022

LUNA’s milestone is amazing due to the fact just on February twenty its cost is nevertheless struggling in the spot of ​​USD 47 – USD 50, which is divided by two from the leading.

The information behind LUNA’s spectacular recovery more than the previous week is the reality that on February 23 Luna Foundation Guard (LFG), a newly formed non-revenue organization with the aim of establishing the Earth, announced a fundraiser. $ one billion hit. The whole quantity raised will be utilised by LFG to acquire Bitcoin as a reserve fund for UST, the stablecoin of the Earth ecosystem.

It is unclear at this time whether or not LFG manufactured a acquire of BTC, but if that occurred in the previous seven days it would be great as information of the war in between Russia and Ukraine at first induced the cryptocurrency to drop sharply in the greatest industry in the planet. generating possibilities for lots of traders to hit the bottom in advance of sharply climbing to $ 44,250 on the morning of March one.

Furthermore, Terra has also taken lots of useful actions in the previous to help tasks in the ecosystem. In mid-February, Terra announced that it had “pumped” UST 450 million into the Anchor Protocol lending protocol, assisting this venture carry on to present deposit curiosity prices of up to virtually twenty% for traders.

The complete worth of Locked (TVL) on the Terra ecosystem has thus continued to develop, regardless of regular unfavorable industry swings in the final two weeks of February. As of the morning of February 28, Terra’s TVL is at present trading near to the figure of twenty billions of bucks, up virtually 46% more than the previous seven days, assisting this blockchain carry on to hold its place with the 2nd-highest TVL in the cryptocurrency sector, just behind Ethereum.

TVL ranking between the most important blockchains at 09:00 on 01/03/2022. Source: DeFi Lama

Only 1 blockchain with a extra spectacular TVL attain than Terra is Fantom, which final week attracted an further 61.75% of its block worth thanks to the Solidly protocol rollout occasion.

Synthetic currency 68

Maybe you are interested:

Maybe you are interested:

Tags: ATHbillionBitcoinBuycreatingfundLUNANearsSummitTerra
Share76Tweet48

Related Posts

Binance Lists DeLorean (DMC) on Spot and Futures Markets

by shark
June 23, 2025
0

Binance will list DeLorean (DMC) for spot and futures trading, with high trading demand and leverage up to 50x anticipated.

EigenCloud Launched by Eigen Labs with $70M Backing

by shark
June 23, 2025
0

Eigen Labs unveils EigenCloud, supported by $70M funding from a16z, enhancing blockchain service capabilities.

Binance Handles $3 Billion Daily USDT Transfers on Tron

by shark
June 23, 2025
0

Binance processes $3 billion in daily USDT on Tron, influencing cryptocurrency liquidity trends.

Pi Network Faces High Volatility Ahead of Token Unlock

by shark
June 23, 2025
0

Pi Network anticipates market volatility as it approaches a major token unlock, with significant implications for valuation and user engagement.

Bitcoin Dips to $102,400 Amid Altcoin Drop and Fed Decision

by shark
June 23, 2025
0

Bitcoin's price fell due to the Federal Reserve's interest rate decision, impacting the cryptocurrency market with increased volatility and investor...

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Binance Lists DeLorean (DMC) on Spot and Futures Markets
  • EigenCloud Launched by Eigen Labs with $70M Backing
  • Binance Handles $3 Billion Daily USDT Transfers on Tron
  • Pi Network Faces High Volatility Ahead of Token Unlock
  • Bitcoin Dips to $102,400 Amid Altcoin Drop and Fed Decision
  • Congressman Massie Proposes Federal Reserve Abolition Bill
  • Exposed Crypto OTC Scam Defrauds $50 Million
  • U.S. Spot Bitcoin ETFs Record Ninth Day of Inflows
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7