• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Terra LUNA
Nexo

Terra Becomes A Top 10 Contender After Beating Cardano, Avalanche

Best Owie by Best Owie
1 month ago
in Altcoins
0

Terra (LUNA) might not be new to the crypto space but its recent rise to the top has no doubt taken the market by surprise. Not only has this growth seen the value of its token soar but it has also put its market cap on an accelerated growth rate. This has propelled it to become one of the largest cryptocurrencies by market cap, having beaten out large players like Cardano (ADA) and Avalanche (AVAX) in the last week alone.

Terra Enters Top 10

In its recent run-up, the cryptocurrency has been able to beat out some of the most valuable projects in the market. Its success has been a direct result of its staking offerings that promise users more returns than any other project in the space. By staking UST, the native stablecoin of the network, users can get as high as 40% APY on their investments using some available DeFi protocols. 

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Related Reading | Brazil’s Crypto Pro Regulation Bill Heading For Key Vote

During the last bull run in April, LUNA had touched as high as $119 per coin, thus recording a new ATH. The digital asset is now below this ATH value, nevertheless, its current value still makes it a strong contender as one of the most valuable cryptocurrencies in the market.

Its current price of $90.79 has seen its market cap rise as high as $31.7 billion. This puts it ahead of strong contenders like Cardano and Avalanche and only $3 billion below the cryptocurrency currently occupying 7th place on the list, which happens to be Solana.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Terra price chart from TradingView.com

LUNA breaks above $90 | Source: LUNAUSD on TradingView.com

The price of LUNA also looks to be closely mirroring that of top assets such as Bitcoin and Ethereum. It is currently in the green as a result of this and is up 16.97% in the last 24 hours alone. Making it one of the highest gainers on Tuesday. If the digital asset continues on the trend, possibly surpassing its previous all-time high, then it will likely overtake Solana and Ripple, which is currently the 6th largest cryptocurrency by market cap.

UST On The Rise

LUNA is not the only cryptocurrency in the Terra ecosystem that has been making waves in recent times. The stablecoin UST has quickly become one of the most widely used stablecoins in the crypto space. This has pushed it upwards in value, setting it up to contend for a space in the top 10.

Related Reading | Fast On The Draw: Sen. Warren Says TurboTax Is Ripping Off American Taxpayers

UST is now the third-largest stablecoin by market cap in the world, only behind top players USDT and USDC. It has since surpassed competitor Binance USD (BUSD) in terms of market cap, beating out the latter’s $17.3 billion by $300 million to be sitting at 13th place with a market cap of $17.6 billion.

This market cap also puts it right behind Polkadot and beloved meme coin Dogecoin. With the growth trajectory of Terra, it will be no surprise if the market cap of UST were to overtake these projects to start its campaign to enter the top 10 cryptocurrencies by market cap list.

Featured image from TheNewsCrypto, chart from TradingView.com
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Best Owie

Best Owie

Related Posts

FTX Token

FTX Token Becomes Second-Largest Holdings Among Ethereum Whales

18 mins ago
DAI

DAI Emerges Strong Despite Terra’s Downfall

1 day ago
Coffeezilla, screenshot from the video

Is SafeMoon A Billion Dollar Fraud? Coffeezilla Thinks So – Pt.3: V2 Contract

4 days ago
SafeMoon, Coffeezilla screenshot

Is SafeMoon A Billion Dollar Fraud? Coffeezilla Thinks So – Pt.2: Pheonix

6 days ago
Terra

Terra Flaw: Ethereum Creator And Binance CEO Slam Terra Via Twitter

7 days ago
Crypto Corner: The Sports Slice

Crypto Corner: The Sports Slice

1 week ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.