Advertisement
AD

Main navigation

Terra (LUNA) Surpasses Shiba Inu (SHIB) After Hitting New All-Time High

Advertisement
Thu, 2/12/2021 - 6:17
A
A
A
Terra (LUNA) Surpasses Shiba Inu (SHIB) After Hitting New All-Time High
Cover image via stock.adobe.com
Read U.TODAY on
Google News

LUNA, the native staking token that underpins the Terra blockchain, has managed to log a new all-time high of $64.87 earlier today.

The cryptocurrency is up 14% over the past 24 hours, as per data provided by CoinMarketCap.

Because of the most recent price spike, LUNA’s market cap has topped $25 billion.  
 
The Mike Novogratz-supported cryptocurrency is now worth more than Shiba Inu (SHIB). The two tokens are in the 12th and 13th place, respectively, on CoinMarketCap.

Advertisement
Article image
Image by coinmarketcap.com

Related
Terra is a blockchain platform that offers a suite of algorithmic stablecoins pegged to various fiat currencies The native LUNA token is responsible for securing the price stability of these stablecoins. Its elastic supply adjusts to the level of demand with the help of the protocol’s mint/burn feature.

The LUNA price is benefiting from the growth of the TerraUSD (UST) stablecoin.

Validators stake Luna in order to be able to verify transactions. The token is also used for voting on various governance decisions.

According to data provided by DeFi Llama, Terra has a 4.69% share of the smart contract market with $12.84 billion in total value locked.

In late September, Terra rolled out its much-anticipated Columbus-5 that ensures interoperability with other blockchains.

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.

A
A
A

Related articles

Advertisement
TopCryptoNewsinYourMailboxSubscribe
TopCryptoNewsinYourMailboxSubscribe
Advertisement
Advertisement
Last updated: Just now
USD Vol: $ 7.61 B
Mkt Cap: $ 2,045.19 B
All Vol: $ 77.35 B
Subscribe to daily newsletter

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD