Bitcoin (BTC/USD) – Bitcoin, Ethereum and Dogecoin End Week on High Note – But Terra Coin (LUNA) Steals Show by 180%

Bitcoin (BTC/USD) – Bitcoin, Ethereum and Dogecoin End Week on High Note – But Terra Coin (LUNA) Steals Show by 180%

original symbol for Tera Luna / US dollar It rose over 180% during the week amid a market that saw major currencies like Bitcoin Bitcoin / US DollarAnd the Ethereum ETH / USD And the Dogecoin DOGE / USD All weekly winnings are recorded.

Top Gainers for the week ending September 12, 2022 (data via CoinMarketCap)
Cryptocurrency Change Percentage in 7 Days (+/-) Highest value ever reached / access date Percentage change (+/-) since its all-time high
Tera (luna) + 185.2% $19.54 on May 28, 2012 -72.9%
TerraClassic US dollar (USTC) + 68.1% $1.05 on Jan 30, 2021 -95.1%
TERRA CLASSIC (your color) + 61.4% $119.18 on Apr 5, 2022 -100%

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Why did Luna coins rise? LUNA, which came into existence after a hard fork of TERRA CLASSIC your color/dollar And the TerraClassicUSD (USTC), sharply last week.

LUNA and LUNC split after implementing Terra Ecosystem Revival Plan 2. Prior to the hard fork, LUNC price collapsed 97% after the price of the USTC stablecoin, then known as UST, fell below 40 cents.

The rise in the price of LUNC can be attributed to the community’s suggestion to impose a burning mechanism for LUNC that would reduce the circulation of the coin. The proposal includes adding a 1.2% tax on all on-chain transactions. Burning will begin on September 20th.

On the LUNA side, the buzz surrounds 2nd Airdrop of Tokenswhich was passed on September 9.

Over the last 30 days, LUNC, LUNA and USTC are up 318.2%, 152.75% and 77.2%, respectively.

Luna on the web: “FatMan,” a Twitter account that claims to provide “updates” on Terra’s status, said on Saturday that TerraForm Labs sent a total of $3.9 billion (in UST) to exchanges including Binance And the KuCoin. The whistleblower called this alleged exchange “the biggest Crypto scam” and sought an explanation from Luna Creator Do Kwon on Twitter.

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