230 Percent Ascension: Why is New Terra (LUNA) Rising?

According to CoinGecko data, New Terra (LUNA) has attracted all the attention, rising 230 percent as of the time of writing, in the past 24 hours.
 230 Percent Ascension: Why is New Terra (LUNA) Rising?
READING NOW 230 Percent Ascension: Why is New Terra (LUNA) Rising?

According to CoinGecko data, New Terra (LUNA) has attracted all the attention, rising 230 percent as of the time of writing, in the past 24 hours.

Terra (LUNA) rose 37.7 percent in the last hour as of writing.

New Terra (LUNA) Continues to Rise

Terra (LUNA) suffered a serious crash after its stablecoin, UST, lost its stability. LUNC dropped from $120 to as low as $0.000000999967. Afterwards, the Terra team forked the system and created two different cryptocurrencies, Terra and Terra Classic. These were also called LUNA and LUNC.

From these assets, LUNA continues its rise without slowing down. LUNA, which showed a very serious rise without being affected by the decreases in the market, attracted attention.

LUNA’s 4-hour chart

When we look at the 4-hour chart of Terra (LUNA), we see a serious rise. We can say that the volume of the crypto money market again exceeding 1 trillion dollars played a role in this rise. Bitcoin also reached a market capitalization of over $ 400 billion again. When we look at Terra’s (LUNA) chart, we see a very serious money inflow in the volume part. It can be said that the increased interest of investors and subsequent purchases played a role in the rise of LUNA.

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