general

The price of the digital currency LUNA rises by 250% in one hour…Details here

The price of the digital currency LUNA rises by 250% in one hour…Details here

The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles

Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles

Answer The price of the digital currency LUNA rises by 250% in one hour…Details here

LUNA which is the cryptocurrency of the Terra ecosystem is going through huge fluctuations at the time of writing this article.

In the last hour alone, the price of the digital currency LUNA rose by a whopping 250% and reached $6 and is now trying to climb to the $7 level.

This move occurred in a large size compared to the previous days.

LUNA’s price has surged an astonishing 250% in about an hour as it is currently trading at around $6.8.

It is clear that volatility has increased significantly, as the subsequent candle also has an amplitude of more than 80%.

Read:The President of El Salvador stated: The digital wallet “Chivo” now has more users than any Salvadoran bank

This led to a large number of liquidations for the LUNA cryptocurrency.

In less than an hour, nearly $7 million in leveraged positions were wiped out of the market.

It is also worth noting that the move comes shortly after LUNC, the cryptocurrency that supports the classic version of the Terra ecosystem, surged almost 100% in a week.

Read:Hedera Hashgraph Project Unveils Mainnet Launch Date

The latter happened because major exchanges such as Binance KuCoin and GateIO provided support for the tax-burning mechanism of the coin.

Read also:

Binance clarifies its position on the tax burning mechanism of “LUNC” and “USTC”

Bitcoin price regains $20,000 level with more than $160 million liquidated


And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time

Previous post
Bitcoin rises above 21 thousand dollars and maintains its positive path for this reason!
Next post
Huobi gets regulatory approval in the British Virgin Islands