Summary:
LUNA – the cryptocurrency behind the Terra ecosystem – is going through major volatility at the time of this writing. In the past hour alone, LUNA’s price skyrocketed by a whopping 150% and almost touched . The move happened with significant volume relative to that of previous days. LUNA’s price exploded by a stunning 150% in about an hour and is currently trading at around .7, as seen in the chart below. Source: Binance via TradingView It’s also evident that the volatility has picked up tremendously, as the subsequent candle also had an amplitude of about 20%. This resulted in a considerable number of liquidations for that particular cryptocurrency. In less than an hour, almost million in leveraged positions were wiped off the market. It’s also worth noting that
Topics:
George Georgiev considers the following as important: AA News, Terra (LUNA)
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LUNA – the cryptocurrency behind the Terra ecosystem – is going through major volatility at the time of this writing. In the past hour alone, LUNA’s price skyrocketed by a whopping 150% and almost touched . The move happened with significant volume relative to that of previous days. LUNA’s price exploded by a stunning 150% in about an hour and is currently trading at around .7, as seen in the chart below. Source: Binance via TradingView It’s also evident that the volatility has picked up tremendously, as the subsequent candle also had an amplitude of about 20%. This resulted in a considerable number of liquidations for that particular cryptocurrency. In less than an hour, almost million in leveraged positions were wiped off the market. It’s also worth noting that
Topics:
George Georgiev considers the following as important: AA News, Terra (LUNA)
This could be interesting, too:
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LUNA – the cryptocurrency behind the Terra ecosystem – is going through major volatility at the time of this writing.
In the past hour alone, LUNA’s price skyrocketed by a whopping 150% and almost touched $5. The move happened with significant volume relative to that of previous days.
- LUNA’s price exploded by a stunning 150% in about an hour and is currently trading at around $4.7, as seen in the chart below.
- It’s also evident that the volatility has picked up tremendously, as the subsequent candle also had an amplitude of about 20%.
- This resulted in a considerable number of liquidations for that particular cryptocurrency. In less than an hour, almost $7 million in leveraged positions were wiped off the market.
- It’s also worth noting that the move comes shortly after LUNC – the cryptocurrency that powers the classic version of Terra’s ecosystem – skyrocketed by about 100% weekly.
- The latter happened because major exchanges such as KuCoin and GateIO extended support for the protocol’s tax-burn mechanism.