Terra LUNA hits new all-time high after 100% rebound from 2022 lows  — Correc...

Terra LUNA hits new all-time high after 100% rebound from 2022 lows — Correc...

LUNA price chart technicals are hinting at a possible 50% price drop in the coming weeks, however. Terra (LUNA) rose to its best level to date on March 29 as the Luna Foundation Guard's (LFG) plans to increase its Bitcoin (BTC) reserves eased anxiety about the impact of an increasingly hawkish Federal Reserve and the ongoing Ukraine-Russia war on crypto markets.LUNA price hits new record high above $106LUNA's price breached above the previous record high of $106.29 by minuscule margins, reversing the losses incurred during the selloff between December 2021 and January 2022. The latest....


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Terra Launches New Chain Airdropping LUNA 2.0 Coins — Token Value Slides Over...

On Saturday, May 28, 2022, LUNA classic and UST classic holders received an airdrop consisting of new LUNA 2.0 tokens based on two blockchain snapshots. The crypto asset’s first recorded value at 5 a.m. (ET), was $14.31 per unit and it hit an all-time high (ATH) roughly 20 minutes later at $18.87 per LUNA. LUNA has dropped more than 70% as it traded for $4.20 per unit at 11:00 a.m. on Saturday. LUNA 2.0 Launches The new LUNA token is now trading as the crypto asset was airdropped to LUNA classic (LUNC) and UST classic (USTC) holders. Presently, there’s a maximum supply of....

Terra Development Team Reveals Some Users ‘Received Less LUNA From the Airdro...

The new Terra blockchain Phoenix-1 has been operating since Saturday morning May 28, 2022, and on that day, millions of new LUNA tokens were dispersed to luna classic (LUNC) and terrausd classic (USTC) holders. However, on Tuesday the Terra development team revealed that some Terra token owners “received less LUNA from the airdrop than expected,” and developers are “actively working on a solution.” Terra LUNA Airdrop Suffers From Miscalculation Error — Devs Plan to Offer a Solution On Monday, May 30, 2022, Bitcoin.com News reported on the new....

Investors dumping on Terra as LUNA 2 tanks 70% in two days

“Zero plans to buy luna 2.0, but I will dump any airdrop if I get something on Binance,” said Lark Davis. The price of Terra (LUNA) has tanked around 70% since the re-launch of the Terra ecosystem via Terra 2.0 on May 28.Under the revival plan of Terraform Labs founder Do Kwon, new LUNA tokens, also referred to as LUNA 2, are being airdropped to investors that previously held Luna Classic (LUNC), TerraUSD Classic (USTC) and Anchor Protocol UST (aUST).The only reason to buy $LUNA 2.0 is to qualify for the next airdrop of $LUNA 3.0 after it goes to zero like $LUNA 1.0— Luke Martin....

Technical Analysis: LUNA Hits New High, as Biden Signs Crypto Executive Order

LUNA hit a new all-time high, as markets reacted to news that U.S. president Joe Biden had signed an executive order on cryptocurrencies. Biden wants his government to examine the “risks and benefits” of crypto, news of which sent the likes of NEAR and ANC almost 20% higher. Terra (LUNA) Following a bear run that lasted almost seven days, terra (LUNA) rallied on Wednesday to reclaim its position as the world’s sixth-largest cryptocurrency. As of writing this, LUNA/USD is up by over 25% on the day, breaking past its resistance of $86.24 in the....

All Quiet On The Terra Front: Is LUNA 2.0 Debut A Revival Or Rocky Gamble?

The new Terra token dropped by over 70% within hours of hitting $30 after its release on Saturday, May 28, triggering yet another round of criticism from the crypto community. The old LUNA has been renamed Terra Classic (LUNC) on CoinMarketCap, and a new listing for the new Terra (LUNA) has been added. As part […]