您现在的位置是:LUNA is outpacing Bitcoin in Gains: Is it a good time to buy? >>正文
LUNA is outpacing Bitcoin in Gains: Is it a good time to buy?
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛8854人已围观
简介LUNA outperforms the market as it closes the week higher by over 40%.LUNA gains were driven by the f...
LUNA outperforms the market as it closes the week higher by over 40%.
LUNA gains were driven by the formation of a UST reserve worth $1 billion in BTC.
LUNA needs to break through key weekly resistance if the uptrend is to continue.
Terra (LUNA)is a blockchain that is used for the launch of algorithmic stable coins. It has come to dominate in this space and is now among the top DeFi platforms in terms of Total Value Locked.
Like the rest of the market, LUNA has been pretty volatile over the last couple of days but has regained upside momentum in the last 48-hours. In fact, it was one of the biggest gainers of the past week, closing higher by over 40%.
$1 Billion Bitcoin reserves boost LUNA
In the past week, the markets were hit with the news that Luna Foundation Guard (LFG) was creating a Bitcoin-denominated reserve. This will act as an extra layer of stability and security for Terra USD (UST).
LFG also announced that it had raised $1 billion that will go towards building the Bitcoin reserves. The best part about it is that the coins will be locked for 4-years. This news has led to an increase in investor confidence in UST, which in turn translates to higher demand for LUNA.
Analysts are already responding positively to the move to create a Bitcoin reserve. According to Matthew Dibb of Stack Funds, the move will lower the price fluctuations of the UST.
Should you buy Terra (LUNA)?
Source: TradingView
On February 26th, 2022, Terra (LUNA) was trading at $74.34 and was up by 13% in 24-hours.
LUNA has been on a strong uptrend since February 24th, 2022. It is currently trading just below the $77.17 weekly support level.
If buying volumes increase and LUNA pushes through the $77.17 resistance, then it could test prices above $90 before the end of February.
On the flip side, if LUNA turns bearish and breaches the $70.11, 23.6% Fibonacci support, then it could end the month below $65.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/77597.html
相关文章
Boeing's MQ
LUNA is outpacing Bitcoin in Gains: Is it a good time to buy?By subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.The first...
阅读更多
Synthetix token price (SNX/USD) soars 6%, but watch for bear repulse at the descending trendline
LUNA is outpacing Bitcoin in Gains: Is it a good time to buy?Synthetix token extended weekly gains on Tuesday by adding another 6%The token trades below a descen...
阅读更多
Binance lists Jupiter (JUP) amidst soaring MMTR pre
LUNA is outpacing Bitcoin in Gains: Is it a good time to buy?Binance lists Jupiter (JUP) for trading, sparking a 57% price surge.Memeinator’s MMTR token pr...
阅读更多
热门文章
- Vestas unveils new wind turbine made from low
- MEXC celebrates 10m user milestone with brand color change
- Beyond Bluetooth, Wi
- Astronomers target gravitational waves coming from dying star 'cocoons'
- Prinker M+ gives you tattoos and hair coloring on
- Curve Finance's CRV rallies by 41% today after launching on the Celo network
最新文章
Watch Radiohead’s “I Promise” Music Video Directed by Michal Marczak
Nine Inch Nails’s “Haunted” Comeback
Review: Missy Elliott Drops New Single & Music Video “WTF (Where They From)”
Bitget Wallet Partners with Morph, Becoming the First Web3 Wallet to Support Morph Testnet
KNC dips by 7%, but Bitizen Wallet's adoption could push it higher soon
US and South Korea join forces to smash 'Kimsuky' hackers