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Luna (Terra) has witnessed a significant increase in both price and market cap in the last 24 hours, in spite of the fact that it had been hit significantly along with other popular assets in the cryptocurrency market during these past few days.
Respectively, the price of Luna has leaped from the low of $75.99 on April 18, to the high of $89.79 on April 19, documenting a 17.20% increase in just 24 hours, as stated in the data collected from CoinMarketCap.
Thankfully, this growth has made the money market protocol’s governance to become the second top gainer in the last 24 hours, right after STEPN (GMT), which has recorded an advancement of 41% over the past few days.
Furthermore, the price appears to be getting close to the predictions that the crypto community at CoinMarketCap had stated earlier, formulating with 72% accuracy historically that LUNA would trade at an estimated average of $93.76 by the end of April this year.
Also, LUNA is also witnessing profits over its weekly charts, gaining 5.89% from its initial price days ago.
This boost in price shows up as the platform’s native Stablecoin TerraUSD (USDT) has beaten Binance USD (BUSD) to become the third-largest stablecoin via circulation with a $17.63 billion market cap, directly after Tether (USDT) and USD Coin (USDC).
Other major cryptocurrencies are also recording profits but not as heavy as LUNA, including Bitcoin which rose by 4.43%, Ethereum by 4.46%, and XRP by 3.24%.