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 price rally pushed Terra token’s net capitalization crossed $37.17 billion, now making up 1.76% of the entire crypto market, compared to 0.39% at the beginning of this year.LUNA market dominance is increasing steadily in 2022. Source: TradingViewTerra does a MicroStrategyBitcoin wallets associated with LFG, a nonprofit spearheaded by Terra’s cr
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