- Terra (LUNA) is the biggest gainer in the last 7 days.
- Crypto exchange FTX announced LUNA spot market listing.
- In other news, crypto exchanges said they will not freeze Russian accounts.
Despite the huge market FUD brought by Russia’s aggression toward Ukraine, Terra (LUNA) has been making a convincing rally ahead of all cryptocurrencies, including Bitcoin. In fact, LUNA price has made a jaw-dropping surge of 77% in the last 7 days.
Read CRYPTONEWSLAND on
google news
As seen above, LUNA price has totally reversed its dump and is now trading above the 50-day and 200-day Simple Moving Averages (SMAs). It reached as high as $95 on Binance before settling comfortably at almost $90.
The long green candlestick also displayed one of the biggest 24-hour gains among leading altcoins. Even Bitcoin and Ethereum did not have this privilege.
If LUNA’s price rally continues, it may challenge the bears at the $100 zone before attempting to surpass its all-time high (ATH) price of $103.34. In order for that to happen, the bulls need to flip the $90 psychological resistance into support first.
LUNA’s outstanding performance made crypto exchange FTX list its spot market on its platform.
Meanwhile, the crypto market is beginning to recover as crypto exchanges said they will not close their doors to everyone, including Russian users. Specifically, exchanges such as Binance, Coinbase, and Kraken resisted calls to freeze the wallets of Russian users unless compelled by legal courts.
Recommended News :
disclaimer read moreCrypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
