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New LUNA: starting as low as $0.50 (50 cents), rose by around six thousand percent to thirty dollars ($30) on Bybit. However, this was the price that the new crypto reached before it changed direction; dipping to thirteen to sixteen dollars ($16). Also, the LUNA versus Tether USD fell to roughly around five to seven dollars, thereafter reaching the depth of three dollars and fifty cents prior to reversing direction once more.
The Value of LUNA 2.0
The initial LUNA has got its name changed to Terra Classic, and this name has been updated on Coinmarketcap. In addition, LUNA 2.0 was at first valued at or between Seven to Nine dollars on Coinmarketcap. At about that same time LUNA, 2.0 was valued higher on Bybit.
It’s interesting to know that the overall supply of LUNA 2.0 is about 1bn and about 210M (million) in circulation. Strikingly the amount of Terra LUNA tokens in circulation prior to its fall; on the 12th of May, was around 350M (million).
Traders must maintain caution, as the market situations are very volatile. On Coinmarketcap the highest price of the crypto was $19.54, while the value remained twenty dollars ($20) for 22 min on Bybit.
Can LUNA Rise Again?
The Bybit platform has a large trading volume and technical analysis has it that near term price wick becomes filled in the end, or perhaps near it. Price goes about, locating traders, touching and retouching various supply and request regions on a price chart.
LUNA has not been displayed on Binance: however, they affirmed that they will list it. Meanwhile, eToro is yet to announce its intention of listing the crypto. A lot of people are of the opinion that LUNA will crash once more. They believe that the current rise in LUNA price is just a scam by Terraform’s Labs.
While this may be true, LUNA 2.0 market capitalization is currently below 1bn. However, this will increase quickly as the number of exchanges listing the crypto increases.
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