Can Terra’s LUNA 2.0 price pump back to $30?
LUNA 2.0 price is consolidating below the midpoint of the recently formed trading range after the airdrop from last Saturday
LUNA 2.0 price is consolidating below the midpoint of the recently formed trading range after the airdrop from last Saturday
Terraform Labs took to Twitter today to confirm that the new network had started producing blocks. It was released at 06:00 UTC, accompanied by a token airdrop for previous LUNA and UST holders.
Speaking on the Terra network’s demise has been greatly magnified. At least, that is what the LUNAtics will want to believe as multiple developers pledge to do their part to help the ecosystem on its journey to regaining its feet.
The Terra network’s testnet for Terra 2 has gone live, as stated by the tweet by Orbital Command. A mainnet release will take place on May 27, which will be accompanied by an airdrop.
“I’m not a billionaire anymore,” Buterin, 28, wrote Friday in a Twitter post. Buterin created Ethereum in 2014 and is the owner of a digital wallet that as recently as November contained holdings worth about $1.5 billion. Since then, the price of the Ether token that’s associated with the blockchain has fallen by 55%
It required just 7 days for the Terra (LUNA) ecosystem to spiral down as prices came crashing from $85 on May 12th. As the market slowly got clarity on what transpired, the trading volume of LUNA witnessed a steep recovery roughly above 200% over the weekend.
A new proposal with additional points added to Do Kwon’s initial rescue plan for UST was presented on May 12. Do Kwon is the CEO of Terraform Labs.
LUNA is a native cryptocurrency of the Terra network, a blockchain project that was developed by the South Korean firm Terraform Labs. The tech firm is co-founded by blockchain developers Do Kwon and Daniel Shin.
Binance.US has made an announcement about adding a new trading pair that allows trading Bitcoin, the largest cryptocurrency, against Terra’s red-hot UST stablecoin.
Binance, the world’s largest cryptocurrency exchange, now allows staking Terra’s UST stablecoin. It is possible to earn up to 19.63% annual percentage yield (APY).