Terra (LUNA) and related altcoins, which shook the cryptocurrency market with their bankruptcy last year, attracted attention with their upward performance in a short time.
LUNA, LUNC And USTC It came to the fore with significant increases in a short time. Last year May Terra, which failed in 99% Its decline had a negative impact on the rest of the market.
But Terra Luna Classic (LUNC), TerraClassicUSD (USTC) And LUNA 10 November day hosted a serious rise. Market analysts say the factor that triggered the rise is Binance He highlighted that it was an announcement from.
Cryptocurrency exchange Binance, in a recent statement LUNC/USDT in futures transactions margin rate will be increased had announced. Although this announcement was not made only for LUNC, it was seen as the development that lit the fuse of the rise in price. In parallel with the announcement, Binance 1000LUNCUSDT, USTC And LUNA There was also a noticeable increase in transaction volumes.
On the other hand, periodic LUNC burning also increases the price. positive in the long run It is thought to be reflected.
LUNA family rises after FTX-related projects
cryptocurrency market 2022 in the year 2 big crashes had lived. The first of these is the failure of LUNA and the second is FTX went bankrupt. TOTAL When we look at the chart called data and showing the value of the cryptocurrency market, we see that the market FTX of your collapse its liquidity received is seen.
In parallel with the liquidation of the market from the FTX collapse, FTT LEFT and included in this ecosystem Raydium (RAY), Serum (SRM) Tokens such as have attracted attention with their rise.
Cryptocurrency market now LUNA While moving towards clearing the liquidity of its collapse, LUNA and USTC The activity on the side was significant in terms of timing. These days, experts say that the cryptocurrency market is moving towards absorbing the liquidity of the LUNA collapse. The rise of the LUNA family just like at FTT He stated that he could continue as is.
According to CoinGecko data, in the last 24 hours 40% living LUNC gaining value $0.00006762 from level $0.00009527 reached. USTC within the same hours. 44% It increased from $0.0122 to $0.0174. Among these projects, LUNA was the one that performed the best.
LUNA on November 10 up 80% $0.485 from level to $0.872 reached. LUNA while writing from $0.672 is being traded.
Terra founder Do Kwon continues to be imprisoned in Montenegro.