Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The price of LUNA, the native cryptocurrency of payment-focused blockchain network Terra, has reached a new all-time high of $77.16 earlier today.
The cryptocurrency has climbed to 9th spot on CoinMarketCap, surpassing Polkadot.
It is up 35% over the past 24 hours alone, extending its bullish streak.
The token’s market capitalization has now swelled to $30 billion, which puts it right below Ripple-affiliated XRP.
LUNA’s record price peak came amid a massive market crash that sent shockwaves through the industry.
On Dec. 4, Bitcoin, the largest cryptocurrency by market cap, crashed by an eye-popping 21%, sending the vast majority of major altcoins sharply lower.
However, Ether significantly outperformed Bitcoin, with the ETH/BTC pair spiking to 0.855 BTC, its highest level since May 2018.
Bitcoin’s market share has now slipped below the psychologically important 40% level.
Vladislav Sopov
Dan Burgin