LUNA has gained 55% over the past week by making a new ATH above $100

LUNA has gained 55% over the past week and made a new all-time high above $100, shown in the data from CoinMarketCap. LUNA has captured the ninth position in the crypto market with a market cap of $36,401,319,454.

The price of the LUNA is skyrocketing from the start of December. Terra will enter a new year with bullish mode. Recent developments on the Terra have been very helpful in this ongoing bullish cycle. Kraken exchange announced the listing of LUNA on December 15 and opened deposits. Trading of the LUNA started the next day on December 16. LUNA has gained 55% over the last seven days.

LUNA has gained 55% over the past week:

The native token of Terra blockchain, LUNA has gained 55% over the last seven days and made a new ATH above 100, according to CoinMarketCap. LUNA’s bullish cycle accelerated after the announcement of Terra Community’s decentralized name service launch. The announcement has also revealed that an airdrop of its new token TNS is on the way. 17.7% of the tokens will be airdropped to eligible users and the filtering process will be announced on 23.

In December, the total value locked (TVL) in the Terra exceeded $18 billion. According to stats, Terra has become the second position only after Ethereum in terms of TVL. Backed by the native LUNA token, the algorithmic stable coin UST is a key element of Terra. Over the past seven days, LUNA has also grown by almost 55%.

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