The crypto money industry is experiencing one of the fastest weeks in recent times. Leading cryptocurrency Bitcoin (BTC) While it went above $ 48,000 again, altcoins started to move. Terra (Luna) on the other hand, it almost never stopped its movement and still continues to rise.
LUNA’s BTC Purchase Sets Record
LUNA, in its smart contract-based network algorithmic and decentralized stablecoin has achieved a significant rise recently thanks to UST. While UST normally has LUNA collateral, founder Do Kwon has taken a revolutionary step to change that.
Expressing that UST will now be supported by Bitcoin reserves, Kwon has been buying millions of dollars of BTC for days. Singapore-based, founded by Kwon, which has bought BTC for 135 million dollars today. Luna Foundation Guard (LFG), The LUNA has set a record for its price.
It seems that LFG currently has $ 1.32 billion worth of BTC. Rumors that Terra will hold BTC as a reserve asset surfaced just last week, and the price has been rising ever since. Today at LUNA for $106.37 He broke the all-time record. LUNA price will rise in 2 yearsi 18 March 2020 since 84519% has risen and from $0.12 has been on the rise.
For LUNA, it can be said that the psychological target is 200 dollars in the continuation of this. BNB lived last year and 600 dollars the rally that made it so far, now LUNA and the entire market’s eyes are on LUNA.