Category: terra luna

After setting his Twitter profile to private four days ago, Terra Luna’s Founder, Do Kwon, once again opened up his Twitter account to the public, publishing a series of posts. Do Kwon Opens Up In a series of tweets published today, June 9th, Do Kwon elaborated on several issues regarding Terra 2.0. Starting with a promise to be more proactive in their communication with the press and “getting the right information out there.” Do Kwon stated that there’s a lot of misinformation and falsehood in the media and promised to do his part to ensure the information published about Terra

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As Bitcoin and Ethereum struggle to hold support, Terra 2.0 (LUNA) also faces significant bearish pressure from traders and investors. The Terra 2.0 (LUNA) price declined by over 20% in the past 24 hours and down over 58% the past week, currently trading at $2.83 and falling as traders remain impatient and fear is taking over. The good news is that Terra’s ecosystem continues to expand daily, with new projects joining the new chain. A new proposal has been launched to incentivize the ecosystem’s growth despite current market sentiment. Terra 2.0 (LUNA) Price Down, but Ecosystem Continues to Grow Even

The post Terra 2.0 (LUNA) Price Down 58% This Week, Emergency Allocation Prop 446 Launched appeared first on The Merkle News.

Ever since Terra Luna’s founder, Do Kown, unveiled a new “Terra Ecosystem Revival Plan 2” that’s supposed to bring back the glory days of Terra Luna, the asset, however, has been a free fall ever since. After a relatively small gain of about 77% immediately after launch, it seems investors are now losing faith in the new revival plans as it continues a free fall after that. DApps Launch On Terra Not Helping The new Terra 2.0 launch has already received widespread support from centralized exchanges and service providers, including Huobi, Binance, KuCoin, Bitrue, FTX, Bitfinex, GateIO, ByBit, Nexo, etc.

The post Investors Keep Losing Money As Terra Revival Plan Fails appeared first on The Merkle News.

Bitcoin and Ethereum are again showing bearish momentum as BTC and ETH have lost 5% in the past 24 hours. Terra 2.0 (LUNA) is also down over 14%, currently trading at $4.31, dipping below $1 billion market capitalization with a current valuation of $912 million. Major Stocks Plummet, Causing BTC and ETH Dips As the market opened this Tuesday, major stocks like Target dive on profit warning and Tesla stock continues its slide. The market is nervous, and since Bitcoin and Ethereum are currently following the stock market’s price action, both cryptocurrencies also saw a few percent declines. Bitcoin is

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Bitcoin and Ethereum show bullish momentum this Monday as BTC registers a 5% gain and ETH pumps by over 6% in the past 24 hours. Terra 2.0 (LUNA) also holds above $1 billion market capitalization, currently trading at $5.08, up over 5% in the past 24 hours. Terra 2.0 (LUNA) Ecosystem Continues to Expand The Terra 2.0 (LUNA) ecosystem continues to add new dApps to its platform and expand its utility as more projects join the new chain. Yesterday, STEAK, a liquid staking protocol for LUNA, announced its launching on Terra 2.0. The protocol auto compounds staking rewards with no

The post Terra 2.0 (LUNA) Price Holds Above $5 as Bitcoin and Ethereum Show Bullish Signs appeared first on The Merkle News.

After trading sideways at the $6 level since June, Terra 2.0 (LUNA) price dropped significantly today by over 20%, to a current level of $4.86. The recent drop is likely due to Do Kwon closing his Twitter so that only approved followers can see his Tweets. It’s unclear why LUNA’s founder closed down his Twitter, but the market is clearly not happy with the recent developments. Terra 2.0 (LUNA) Price Down 23% While Bitcoin and Ethereum manage to hold support this Sunday, with BTC trading at the $29k level and ETH maintaining $1,790, Terra 2.0 (LUNA) is struggling to remain

The post Terra Luna Price Down 23%, Do Kwon’s Twitter Goes Private appeared first on The Merkle News.

With Bitcoin facing bearish momentum once again, falling below the $30k level, Terra 2.0 (LUNA) continues to trade sideways at the $6 level, and Terra Classic (LUNC) loses yet another zero, currently trading at $0.00009454 with a market capitalization of $617 million and falling. Let’s look at any relevant news regarding LUNA and LUNC and see what the future holds for the two digital assets. Terra 2.0 (LUNA) Price Continues to Trade Sideways It seems LUNA has found its support level of $6 as it has been trading around that level for the past three days, briefly peaking above $7

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