• Despite a bruising market correction, the price of Terra (LUNA) has reached a new high

  • Earlier today, the price of LUNA, the native cryptocurrency of payment-focused blockchain network Terra, reached a new all-time high of $77.16.

    The cryptocurrency has surpassed Polkadot to take 9th place on CoinMarketCap.

    It has increased by 35% in the last 24 hours, extending its bullish streak.

    The token’s market capitalization has now risen to $30 billion, placing it just below the Ripple-affiliated XRP.

    The record price peak for LUNA occurred during a massive market crash that sent shockwaves throughout the industry.

    On December 4, Bitcoin, the largest cryptocurrency by market capitalization, plummeted by an astounding 21%, sending the vast majority of major altcoins sharply lower.

    However, Ether outperformed Bitcoin significantly, with the ETH/BTC pair reaching 0.855 BTC, its highest level since May 2018.

    Bitcoin’s market share has now fallen below the psychologically significant 40% mark.

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