Terra (LUNA) Price Surges 25% in Last 24 Hours Crossing $100 Barrier

Terra (LUNA) Price Surges 25% in Last 24 Hours Crossing $100 Barrier

  • Terra’s TVL has also surpassed the Binance Smart Chain’s $12.02 Billion TVL.
  • LUNA is now offering the best staking incentives, with a 6.13 percent rate of return.

It has been a busy 24 hours for Terra’s digital asset (LUNA), which has risen by around 25% in that time frame. Due to Terra’s large payouts, crypto consumers choose to stake the digital asset over Solana, Ethereum, and Cardano, all popular digital assets.

The growth of DeFi on Terra’s blockchain is another factor contributing to LUNA’s spectacular price increase. There is presently a total value locked (TVL) of $25.93 billion on Terra (LUNA), which is second only to Ethereum’s $114.52 billion in market capitalization. The value of the DeFi market is 12.71 percent of the TVL on Terra. Moreover, Terra’s TVL has also surpassed the Binance Smart Chain’s $12.02 Billion TVL.

Bullish Momentum to Continue

LUNA is now offering the best staking incentives, with a 6.13 percent rate of return. At 5.85 percent, Solana offers the second-highest stake payouts. The staking incentives for Ethereum are at 4.81 percent.

LUNA/USDT: Source: TradingView

Before, the price had swiftly plummeted when it tried to reach a three-digit amount. Price had broken out of its comfort zone, which may have been one of the key reasons. LUNA’s price is presently trading at $103, breaking the $100 barrier.

However, the current surge is more diversified than the last one. As the asset is obviously on a positive trajectory, it has a lower risk of falling. However, Terra (LUNA) may see a modest reversal, which may not have a negative influence on the coin’s price. According to CoinMarketCap, the Terra price today is $103.33 USD with a 24-hour trading volume of $6,017,345,635 USD. Terra has been up 25.49% in the last 24 hours.

The post has appeared first on thenewscrypto.com

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