It has attracted attention with its rise in the last period. Terra (Luna) For the first time in history, it surpassed XRP in the list of the world’s largest cryptocurrencies, albeit for a short time.
XRP Has Reclaimed Its Old Position For Now
Performing quite impressively in the last 24 hours altcoin It gained 16.45%. At the time of this writing, XRP’s total market cap is at $36.6 billion, while Terra’s is around $36.1 billion.
Leaving XRP behind for a short time, LUNA has narrowly fallen back with the recent rise in XRP price. At the time of this writing, XRP is in the 6th place and Terra is in the 7th place in terms of total market value.
Last January, LUNA had a tough time, losing nearly half of its value in just two weeks. Due to the Wonderland project, which was associated with fraudulent activities, the altcoin took on a bearish appearance.
Despite this, the LUNA price delights its investors with an impressive return and recently broke an all-time high price record of $104.58.
At the time of this writing, the altcoin is trading at $ 98.99.
The $1 billion LUNA sale by Luna Foundation Guart at the end of February was noted as one of the turning points for the Terra ecosystem.
Terra’s Stablecoin Overtakes Shiba Inu in World’s Largest Cryptocurrency Ranking
However, the market cap of UST, the stablecoin of the Terra ecosystem, has surpassed the $14 billion mark for the first time in history.
a dollar-denominated cryptocurrency The market value of the UST, which is the first, has taken the 15th place of the Shiba Inu with this development. The overall value of UST was positively impacted by the price increase experienced in the LUNA token.
*Not investment advice.