Cryptocurrency prices: Amidst the Russia-Ukraine war, there is a tremendous boom in the cryptocurrency market.
Most of the currency called Terra is seeing a rise. Despite the volatility in the crypto market over the past seven days, Terra has seen a rally of over 70% and has outperformed the popular digital tokens Bitcoin and Ether.
Tera has registered an increase of about 15% compared to Bitcoin and Ether. Tera is up over 12% so far in 2022 (Year-to-date or YTD), while bitcoin, the most popular crypto, has fallen around 4% during this period.
Terra has more than doubled in price in
one month Terra has more than doubled in price in the past month. It has risen from the level of $44 to $95 at present. During this period, Terra saw a jump of more than 115 percent.
According to Coinmarket.com, the Tera (LUNA) currency is currently trading at $92.67 with a gain of 5.50 percent. The market cap of Terra has reached $34,785,044,159. In the last one week, this currency has seen a rise of 64.57 percent.
Know about Terra?
Terra is a decentralized financial payment network which is a token based blockchain. The reserve currency of the Tera platform is Luna, which is used to mine Tera transactions through staking. Terra aims to ensure price stability of stablecoins and incentivize the platform’s blockchain validators.
There has been a heavy sell-off in the cryptocurrency market amid rising geopolitical tensions due to the Russia-Ukraine crisis. However, the crypto market has been bullish for the last two days.
