Terra (LUNA) value rallies 162% whereas Bitcoin and altcoin costs drop By Cointelegraph

Terra (LUNA) value rallies 162% whereas Bitcoin and altcoin costs drop

(BTC) value seems to have faked out traders with its transfer to $42,000 final week and whereas the digital asset struggles to carry above $38,000, altcoins with robust fundamentals and real-world purposes are gaining momentum.

Terra (LUNA), a blockchain protocol that backs the fiat-pegged TerraUSD (UST) stablecoin, is one such challenge that has managed to buck Bitcoin’s downtrend and climb increased for the reason that begin of August

LUNA/USDT 1-day chart. Supply: TradingView
Terra ecosystem. Supply: Good Stake

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