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To the moon? Terra's luna crypto coin has shot up almost 80% in a week, vaulting past shiba inu and avalanche

1 month ago   |   By Business Insider

The name "luna" echoes crypto fans' cry of "to the moon." Albert Garnelis/Getty Images
Terra's luna cryptocurrency has gained around 80% in a week, making it bigger than either shiba inu or avalanche.
A network upgrade and upcoming changes to how users report their tax liabilities have driven the surge.
JPMorgan's Nikolaos Panigirtzoglou said recently terra's stablecoin mechanism means it's good for cross-border payments.
Terraform Labs' luna is fast becoming one of the crypto market's best performers, having gained around 80% in value in the last week alone.
The gains have come thanks to...
Read more ...

 


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