{"id":24410,"date":"2022-04-19T08:03:08","date_gmt":"2022-04-19T12:03:08","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=24410"},"modified":"2022-04-19T08:03:18","modified_gmt":"2022-04-19T12:03:18","slug":"terras-luna-records-the-strongest-15-bounce-ust-becomes-third-largest-stablecoin","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/terras-luna-records-the-strongest-15-bounce-ust-becomes-third-largest-stablecoin\/","title":{"rendered":"Terra’s LUNA records the strongest 15% bounce, UST becomes third-largest stablecoin"},"content":{"rendered":"\n
The Terra blockchain network has been the talk of the crypto space this year. Terra's native cryptocurrency,<\/a> LUNA, has recorded the best recovery in the last 24 hours after being a part of the broader market correction over the weekend.<\/h5>\n\n\n\n
\"Terra's
TERRA (LUNA)<\/strong><\/figcaption><\/figure><\/div>\n\n\n\n

Terra (LUNA) is currently trading 15% up, trading for $90, with a market cap of $32 billion as of press time. Terra has surpassed Cardano's ADA to become the eighth-largest cryptocurrency by market capitalization.<\/p>\n\n\n\n

A Twitter account known as Lunaticos predicted this action three days earlier on April 16. It stated\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>:<\/p>\n\n\n\n

The last time\u00a0$LUNA\u00a0burn was consistently above $1m burn per day it took about 10 days for a big move in the price. Recent\u00a0$LUNA\u00a0burn rate could indicate a similar move on the horizon.<\/em><\/p><\/blockquote>\n\n\n\n

LUNA hit an all-time high of $119 earlier this month before entering a 40% correction. We can expect it to reach this peak again if the momentum continues.<\/p>\n\n\n\n

Terra's UST becomes the third-largest stablecoin<\/strong><\/h3>\n\n\n\n

Terra's native stablecoin TerraUSD (UST)<\/a> has surpassed Tether (UST) and USD Coin to become the third-largest stablecoin by market cap. In this recent move, UST has surpassed Binance USD.<\/p>\n\n\n\n

This is the first time that a single blockchain ecosystem has two of its coins in the top-fifteen list. Twitter user Lunaticos writes:<\/p>\n\n\n\n

A few days ago I showed how LUNA price tends to lag\u00a0$UST\u00a0but then catches up quickly with a big move higher. LUNA decoupling the market is the obvious manifestation of this \u2018catch up\u2019 move.<\/em><\/p><\/blockquote>\n\n\n\n

\"Terra's<\/figure><\/div>\n\n\n\n

Terra, on the other hand, has been in the spotlight due to its recent Bitcoin accumulation. The Luna Foundation Guard (LFG), its parent organization, has acquired over 30,000 BTC to serve as a peg and reserve for its UST stablecoin<\/a>. But it's not finished yet! The LFG intends to buy 410 billion worth of Bitcoin in total.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Terra blockchain network has been the talk of the crypto space this year. Terra’s native cryptocurrency, LUNA, has recorded the best recovery in the last 24 hours after being a part of the broader market correction over the weekend. Terra (LUNA) is currently trading 15% up, trading for $90, with a market cap of […]<\/p>\n","protected":false},"author":32,"featured_media":23366,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[81],"tags":[6200],"class_list":["post-24410","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-news","tag-terra-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/04\/terra-luna-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/24410","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=24410"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/24410\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/23366"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=24410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=24410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=24410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}